Blockchain

Variants
Group Members
Osama Bin Yaqoob
Nauman Abid
Raja Hamza Zahoor

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Outline

● Why we need different blockchains

● Blockchain Variants
● Public BlockChain
● Private BlockChain
● Hybrid BlockChain
● Consortium BlockChain
● Permissioned BlockChain
 1. The most basic need or application of a
blockchain is to carry out transactions or
exchange of information through a secure
network.
2. The way people use blockchain and
Why Different distributed ledger technology or network

BlockChains? vary from case to case

3. Cryptocurrencies should have public access
so that they can be used by mainstream
users
4. In comparison, a banks’s blockchain
should be closed for outside access
5. Cant have single blockchain for
everything!

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 ●Public
●Private
Blockchain Variants
●Hybrid
●Consortium/Federated
●Permissioned

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 1. A public blockchain is a non-
restrictive,permission-less distributed
ledger system
2. Anyone who has access to the internet
can sign in on a blockchain platform to
become an authorized node and be a part
Public Blockchain of the blockchain network
3. The most basic use of public blockchains
is for mining and exchanging
cryptocurrencies e.g. Bitcoin, Ethereum,
Litecoin, etc

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 1. Trustable
2. Secure
Public Blockchain 3. Open and Transparent
Benefits

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 1. Lower TPS
2. Scalability Issues
Public Blockchain 3. High Energy
Drawbacks Consumption

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 ● A private blockchain is a restrictive or
permission blockchain operative only in
a closed network
● Private blockchains are usually used
Private Blockchain within an organization or enterprises
where only selected members are
participants of a blockchain network
● The level of security, authorizations,
permissions, accessibility is in the hands
of the controlling organization
● Private blockchain networks are
deployed for voting, supply chain
management, digital identity, asset
ownership, etc.
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 1. Speed
Private Blockchain
Benefits 2. Scalability

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 1. Needs Trust-
Private Blockchain
building
Drawbacks
2. Lower Security
3. Centralized

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 The combination of public and private
blockchain, used by an individual entity that
reaps the benefits of both approaches
Users can control who gets access to which
data stored in the blockchain
Hybrid Blockchain Only a selected section of data or records
from the blockchain can be allowed to go
public keeping the rest as confidential in the
private network
Suitable for a company with top to bottom
hierarchy
○Top management is allowed to access both
public and private parts of the blockchain
○Rest of the employees can only access
public part of the blockchainSlide - 11 of 15
 ❖ A consortium blockchain is a semi-
decentralized type where more than one
organization manages a blockchain
network
Consortium ❖ More than one organizations can act as a
node in this type of blockchain and
Blockchain exchange information or do mining
❖ Only a certain number of nodes defined
in advance have the authority to validate
transactions
❖ Consortium blockchains are typically
used by banks, government
organizations, etc.

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 ●Permissioned blockchains are blockchain
networks that require access to be part of it
●In these blockchain types, a control layer
runs on top of the blockchain that governs the
actions performed by the allowed participants
Permissioned ●Blockchains are built such that they grant
Blockchain special permissions to each participant for
specific functions to be performed—like read,
access and write information on the
blockchains

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 Benefits
1. Efficient Performance
2. Proper Governance Structure
3. Decentralized
Permissioned 4. Cost Effective
Blockchain Drawbacks
Benefits and 5. Compromised Security
6. Control, Censorship and Regulation
Drawbacks

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Any
Questio
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