Private Or Public? Financial Institutions Debate Control In The Blockchain Era
As blockchain technology gains ground in finance, many traditional institutions use it to streamline transactions and automate back-office processes.
Robert Leshner, CEO and co-founder of Superstate, recently shared his perspective on how this trend unfolds, speaking ahead of his appearance at the Benzinga Future of Digital Assets event.
Private Blockchains as a Preferred Choice
Leshner explained that most financial institutions focus their blockchain activities on private networks, where they can work “out-of-sight of their competitors” and maintain control over the environment.
This setup allows them to test blockchain’s potential benefits without the competitive visibility of public networks. For these institutions, private blockchains provide a means to enhance transaction speed and efficiency while keeping operations within a …
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