Private Blockchain Networks Will Soon Arrive
It will take longer for blockchain to go mainstream than most industry analysts posit. Equity and Fixed Income trading networks, “smart” contracts for residential and commercial real estate and myriad consumer cases will all eventually become the norm. Private, closed-loop commercial networks (securities trading for example) will go mainstream first because the participant validation and on-boarding process may be readily administered by the network owner(s). This addresses the trust issue that plagues B2C and C2C blockchain use cases.