Introduction
As per reports, the global blockchain technology market size in 2022 is expected to grow by 10.02 billion dollars, and 1,431.54 billion dollars by 2030. Following the outburst of the pandemic, every sector has or is planning to shift towards blockchain technology.
Blockchain networks can be broadly classified into two types:
- Public blockchain network/ Permissionless blockchain network
- Private blockchain network/ Permissioned blockchain network
- Hybrid blockchain network
Every industry is unique and different. So are their needs and requirements. It is clear that privately held companies cannot go for an entirely decentralized blockchain network. Therefore, these companies opt for permissioned blockchain networks. Similarly, some companies would opt for public blockchain networks as per their business model.
