Public Blockchain R&D

Public Blockchain R&D

Public Blockchains are open source and are not permissions-based,  meaning anyone can participate in them. Transactions are handled directly through the involved parties, without banks or other intermediaries.

The biggest advantages of public Blockchains include:

Immutability. The Blockchain trademark—immutability. Once a piece of information goes in the Blockchain, you can be certain that it will never change.

Anonymity. While public Blockchains cannot offer complete privacy because of their need for transparency, users do not have to give out personal information such as name or ID in order to participate, and can thus maintain a certain level of anonymity.

Autonomy. No single individual or company is able to control the information contained on the Blockchain or the rules governing the Blockchain. Users of a public Blockchain do not have to place their trust in a third party in order to use the technology.

Transparency. Public Blockchains allow anyone to view the history of transactions and holdings of everyone on the Blockchain, bringing new opportunities to the auditing process.

Availability. Public Blockchains are designed to be easily accessible by anyone wishing to participate. All you need is a computer and an Internet connection.

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