Private blockchain development entails building restricted, permissioned networks in which only authorized users may join. Unlike public blockchains, which are open and decentralized, private blockchains are controlled by a single company or set of businesses. This makes them speedier, more scalable, and more suited to corporate applications like supply chain management, finance, healthcare, and identity verification.
Key difference:
In short, private blockchains prioritize efficiency, security, and company control above complete decentralization.