Oct 25 2019
- last edited on
May 26 2021
I'm totally new to Blockchain and while I understand how Cryptocurrencies work, I'm a bit confused about using Blockchain for Business purposes.
When I use Azure Blockchain with Ethereum as a Ledger for my Business, will there be a new "empty" instance of the Ethereum Blockchain used or is there only one instance that is used all over the world by the whole Ethereum network? I know, it may be a really dumb question but the size muss be getting immense if Business all over the world use Ethereum for smart contracts....
I hope someone will be so kind to answer this question.
Oct 30 2019 07:50 AM
@Nathan_Drake Azure Blockchain Service deploys a private or "permissioned" version of Ethereum called "Quorum"; only authorized members of your blockchain network can interact with the blockchain.
Also, each instance of a Quorum blockchain is private.
Note it only makes sense for you to use blockchain as a ledger if you have some need to share the records on the ledger with some outside parties. A blockchain is not much use within a single organization; its primary purpose is to enforce trust in transactions among affiliated but not necessarily fully trusted partners.