Hybrid Blockchain Examples

What is Hybrid Blockchain?

A Hybrid blockchain is a blockchain that combines elements of both public and private blockchains. It is designed to reduce the disadvantages of both types of blockchains while maximizing their benefits....

How Does Hybrid Blockchain Work?

A hybrid blockchain essentially has two interfaces: a private blockchain with its own ledgers and a public blockchain that aids in data verification between the private blockchain’s ledgers....

Features of Hybrid Blockchain

1. Data Security...

Benefits of Hybrid Blockchain

High-Speed Operations: When compared to the public blockchain and private blockchains, the hybrid blockchain provides high-speed operations and is simpler to manage. Reduces Transaction Costs: Because verification in a private or public blockchain can be difficult to complete, strong nodes within the network might be able to exercise some sort of influence over the decision-makers in charge of this process, increasing transparency. As a result, transaction costs are decreased, and expenses may even be as low as $0.01 per transaction. Protecting Privacy from the Outside World: The private blockchain is perfect for privacy-related issues but they have limited means of communication with the outside world. Businesses must make sure that they incorporate systems that permit easy contact with all of their shareholders even though the goal of integrating blockchain protocols is to keep their sensitive information secure.  Flexible Infrastructure Settings: One of the main advantages of the hybrid blockchain is its versatility in terms of infrastructure services. Hybrid blockchain offers a flexible strategy for tailoring the ledger to one’s and the organization’s needs, whereas other blockchains offer a strict blockchain infrastructure. The degree of decentralization, security, and accountability demanded by the blockchain can always be changed. Protecting from 51% attack: Hybrid blockchain is immune to 51% attack as hackers cannot have access to the network to carry out the attack....

Hybrid Blockchain Examples

Launch of the Aergo Enterprise: Blocko, a South Korean startup backed by Samsung, unveiled its hybrid blockchain system. The company’s developers have provided their migration services to additional Blocko clients by utilizing their private blockchain product. Using Merkle Bridges: The hybrid approach used by Aergo Enterprise makes it easier for assets like data, virtual products, and supply chain registries to be exchanged between blockchains while also enhancing internal and external security, scalability, and efficiency. Swisscoin: An innovative cryptocurrency by the name of Swisscoin uses a mixed network. This shows that it is based on blockchain technology and makes use of a unique trading system as well. Swisscoin has had tremendous success since its launch in May 2017 and is expected to continue to gain popularity....

Hybrid Blockchain Use Cases

1. Enterprise Services...