All you need to know about private blockchains

However, in reality, every private blockchain solution will have some form of authorization scheme to identify who is entering the platform. Moreover, private blockchain solutions create these platforms for the internal networking system of an organization.

Thus, trust plays a crucial role while using this platform. Without trust among the nodes, this network won’t function properly i.e why only employees within the organization can have access to it.

Now, you might wonder how is it decentralized then? Well, a private blockchain is partially decentralized unlike a public blockchain platform, it is fully decentralized. Although, in private blockchain platforms, you get to enjoy regulations that other platforms don’t have.

Let us talk about the best features of private blockchain

Better Efficiency

Although public blockchain came into existence first, they tend to lack inefficiency. Why? Because they introduced everyone to the network. So when more and more people try to use the features, it tends to take up a lot of resources that the platform can’t back up.

This is the reason why it slows down so rapidly. On the other hand, private blockchain only let a handful of people enter the network. In several cases, they even have certain things one needs to complete. Thus, there is no way they can take up extra resources and slow down the platform. In order to achieve this, private blockchain uses eco-friendly consensus protocols to reach an agreement.

Complete Privacy

Unlike a public blockchain, a private blockchain solution often focused on privacy concerns. If you want a technology that offers an uber level of privacy for your organization, then this is the perfect option for you.

Organizations always deal with a lot of security ad privacy issues, not just that they deal with a lot of sensitive information on a regular basis. And, if any of it gets leaked, it can lead to a massive loss for the organization.

Hence, it is necessary for any organization to use a network that can secure such information and deal with security issues. That is exactly what private blockchain does.

Empowering Enterprises

The private blockchain solution works in a way to empower the enterprises as a whole rather than individual employees. Companies need great and impactful technology to back up their processes. More so, these solutions are primarily there for the internal system of an organization. This, here, is one of the best use cases of private blockchain. They have the capability to back up the organization and offer security, it is of paramount importance that you start implementing your own blockchain solution based on it.

Stability

Private blockchain solutions are extremely stable, and you don’t have to worry about anything else. In short, in every single blockchain platform, you need to pay a certain fee in order to complete a transaction. However, when you are making a transaction on a public blockchain platform, the fee can increase drastically due to the pressure of nodes requesting transactions.

When there are numerous transaction requests, it takes a lot of time to complete them. And, as and when time increases, the fee also increases. However, that is not the case for private blockchain platforms. As only a handful of people can request transactions, thus there is no delay.

In the End

A private blockchain is one of a kind technology, and it is best suited for the enterprise. There are so many solutions that are based on private blockchain. Although many people may think that private blockchain is just a glorified centralized database system, the reality is far from it.

Katalyst’s Engineering Flex: Innovative Solutions for Less

Katalyst Technologies knows that when it comes to engineering, different projects require different solutions. That’s why we’re proud to offer industry-leading services that meet our clients’ needs with more flexibility and at a fraction of the price. Our hands-on process keeps our clients at the forefront, collaborating to make consistent strategic adjustments, always with a clear focus on successfully implementing each project. We specialize in working with clients who have not previously outsourced engineers.

One of the ways we help make companies feel comfortable as they begin working with Katalyst is by providing a single full-time engineer as an on-site coordinator. That person will work closely with each client to assess their individual needs and determine the necessary tasks. Those tasks are relayed to a project manager in a remote location, who will assign them to the engineering team. When the work is completed, the manager will check it, then send it to the on-site coordinator.

“Starting with one engineer kind of builds the team, so the more comfortable [the client] feels, the more offshore staff they’re going to have,” says Joe Gallant, Vice President of Global Engineering & Manufacturing, North America at Katalyst Technologies. The client establishes the direction needed, and then the team at Katalyst goes to work in bringing that vision to life.

Above and Beyond

Our spirit of customer service is embodied in the stories of Katalyst going above and beyond for the organizations with which we work. In one instance, a company’s head of engineering left abruptly. Panicked, the company called Katalyst. Within a week, we provided them an on-site coordinator. Originally scheduled for three months, the company found him so valuable that he is still there a year later. Another client producing farm equipment has very cyclical engineering needs, requiring little work during the winter months but with a heavier load in the spring and summer. Katalyst adjusts its resources based on those timelines, saving money for the client and allowing our engineers to shift gears and focus elsewhere.

“That’s kind of the flex of what they need and what they don’t need,” says Gallant. When a given project doesn’t require as many workers, they are assigned to another Katalyst engineering task, and then can return to the client when needed.

We Work with You

In addition to serving clients with smaller teams—most engineering firms will place at least 50 people to a project—and malleable scheduling, Katalyst offers rates that are very competitive and often much lower than our competitors. Despite the significant savings, our engineers are still top-quality, experienced talent, with a 93% drawing accuracy rate. That means clients are almost always pleased with our initial output and rarely request or require revisions.

That accuracy served Katalyst well when dealing with a reluctant client who had been unsatisfied with the slow, unreliable work another company had provided. After some convincing, the client decided to give Katalyst a shot. The moment of truth arrived when Katalyst’s engineers had to analyze an equipment failure that had left the client stumped.

“Normally, what happens is an engineering company will tell you why it failed and how it failed,” says Gallant. “We went a step further and told them what the fix to the problem was, and how we could fix it. [The client] was very impressed.” It’s another of the many examples of Katalyst going above and beyond to serve our customers.

“We have been very fortunate that the engineers that work for Katalyst really do care a lot about the customer,” says Gallant. We’re here to provide the engineering solutions your organization needs. Contact our experts and experience the Katalyst difference.

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