There are companies that benefits from the competition of companies from another sectors. The thing that benefits them is that both these competitors are the customers of this one. Primary examples are the open software companies. They sell software to different companies to make thier product and these manufacturing companies compete themselves for domination. Whoever wins, software company benefits.
The ledger in blockchain need not necessarily backed by a currency. For a system that need large amount of nodes, like in case of public permissioned blockchain, it is essential to give an incentive either in form of reduction in transaction fee or some currencies. This is a high incentive for those who works with high computational powers. They would demand this. But in case of private blockchain there is no need of providing a currency in the form of incentives.
Private blockchains are used when the peer nods comes to know each at least half of them. They form a network of peer group and validate the transactions. Since private blockchain entitles the identity of each nodes, it is impossible to get a lot of people through. So these private blockchain lacks popularity and hence there is no coin.
But this is extremely helpful in large corporations to store and validate data. They can create a supply chain where everything could be traceable form the very beginning. It involves no s...
Comments
Post a Comment