While both public and private blockchains provide certain guarantees on the immutability of the ledger, even when some participants are faulty or malicious, by requiring each participant to maintain a replica of a shared append-only ledger of digitally signed transactions, it seems that the pharmaceutical market is leaning toward the higher privacy and better operational efficiency of private blockchains.
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Monday, December 11, 2017
Blockchain Technology in Pharma: Private or Public?
While both public and private blockchains provide certain guarantees on the immutability of the ledger, even when some participants are faulty or malicious, by requiring each participant to maintain a replica of a shared append-only ledger of digitally signed transactions, it seems that the pharmaceutical market is leaning toward the higher privacy and better operational efficiency of private blockchains.
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