private ledger

A private ledger is a secure, digital record of transactions maintained by a specific organization or group. Unlike public ledgers, which are accessible to anyone, a private ledger is restricted to authorized participants, ensuring confidentiality and control over information. It functions similarly to a traditional accounting book but uses blockchain technology or similar digital methods to verify and record transactions transparently and efficiently. This setup is often used by businesses or institutions that need a trusted, tamper-proof record while maintaining privacy within their organization.