Real-World Blockchain Applications - Enterprises

The video discusses enterprise blockchains, focusing on public, consortium, and private types. Public blockchains are decentralized and open, while consortium blockchains are controlled by selected nodes. Private blockchains are centralized within one organization. The video compares private and public blockchains, highlighting their respective advantages and use cases. It concludes by emphasizing the importance of choosing the right type based on specific needs.

Which type of blockchain allows anyone to participate in the consensus process?

• Consortium blockchain

• Private blockchain

• Public blockchain

• Hybrid blockchain

Which blockchain type is partially decentralized and controlled by a group of nodes?

• Private blockchain

• Public blockchain

• Consortium blockchain

• Permissionless blockchain

What is a key advantage of private blockchains over public blockchains?

• Open to everyone

• More decentralized

• Easier rule changes

• Higher transaction costs

Why might institutions still find value in using public blockchains?

• They offer complete privacy

• They are fully centralized

• They provide freedom and openness

• They are controlled by a single entity

What is a potential use case for public blockchains mentioned in the video?

• Private data storage

• Domain name sales

• Internal transaction verification

• Centralized trust management