Article

WHAT IS TYPE OF BLOCKCHAIN? AND HOW TO RELEVANT IN PRIVATE SECTOR?

Author : Iskandar Muda, Gioia Amone, Normah Omar, Noor Marini Haji Abdullah, Cristine Youvira, Cherry, Malinda Sari Sembiring and Windi Astuti

DOI : DOI:10.5072/FK26H4PV9J.2024.01.05.003

A blockchain is a revolutionary system that connects computer networks in a decentralized and distributed manner. Blockchain allows the process of current transactions to be peer-topeer (P2P) without relying on a single server. Once entered, information can never be erased. The blockchain contains a certain and verifiable record of every single transaction ever made. This study evaluated the development of research publications in the implementation process and future trend of Blockchain Technology. Private blockchains are often referred to as 'permissioned' blockchains. Unlike public blockchains, where anyone can download the software, form a node, view the ledger and interact with the blockchain, private blockchains are often run and operated by an entity (the "trusted intermediary"). As the trusted intermediary is in charge of the running of the blockchain it will control who can access the private blockchain and may also control the type of access rights each participant has. For example, some participants may be restricted to viewing (some or all of) the data on the ledger , whereas others may also have permission to submit new transactions for recording on the blockchain. The aim of this study is to analize the characteristics of private blockchain.Blockchain, database, technology, private


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