Hybrid Blockchain Use Cases

1. Enterprise Services

It can be used to develop open-source software as well as enterprise-level solutions. Businesses in industries like aviation, supply chain, and others, for example, can use hybrid blockchain to automate their services and improve their dependability, confidence, and transparency for both internal stakeholders and external customers.

2. Hybrid IoT

Using a hybrid blockchain allows for efficient management of the Internet of Things, whereas a public blockchain solution makes it very vulnerable to hacking. Only those who require access to the devices can place them in a private network using hybrid blockchain technology. Some network features can be made public depending on the info that needs to be shared. A hybrid approach can help you handle many security problems.

3. Global Trade and Finance:

The mixed blockchain has uses in the financial sector as well. The hybrid blockchain used by XinFin has Ethereum for the public portion and Quorum for the secret portion. Their objective is to provide a platform for global trade and banking based on hybrid technology.

4. Banking

A mixed blockchain may be the best option for the financial industry. Because they must protect user information while resolving problems internally, banks may use this tactic. Even the more specialized centralized cryptocurrency Ripple has the adaptability to transition to a hybrid blockchain network when required.

5. Government

Even in this industry, blockchain technology is developing. The government can use blockchain to distribute social and humanitarian aid, perform voting, create public identity databases, store complex data, and more. For each of these, mixed blockchains are required. While providing the required control to the government, it allows for general access. Blockchains that are fully private or available to the general public are ineffective because they either limit user access or disclose too much information. The government will be able to retain control over the blockchain as long as it is properly governed.

6. Supply Chains

There is a ton of room for mixed blockchain in supply chains. Due to the size of the supply network, they must use a hybrid approach because Blockchain cannot be either private or public. Many supply chain transportation companies have already started utilizing it. A notable illustration of how a mixed blockchain is being used in the supply chain is the IBM food trust. They want to increase the effectiveness of the complete food supply chain. Farmers, wholesalers, marketers, and others all take part in this network. Walmart actively takes part in this endeavor as well.