The Future of Blockchain Is Both Public and Private
It’s 2019, and with Facebook’s announcement of Libra and J.P. Morgan’s introduction of JPM Coin, it has become clear that the future of business involves blockchain technology. What this means in practice, however, is harder to pinpoint. There is currently a philosophical divide when it comes to blockchain. The enterprise mindset, as represented by JP Morgan, IBM and the like, sees blockchain as only being useful if the participants are tightly controlled. This is what we call a “private” or “permissioned” blockchain.