Permissioned Blockchain Network

Definition ∞ A permissioned blockchain network is a type of distributed ledger where participants must obtain authorization before joining and transacting. Unlike public blockchains, access is restricted, and identity verification is typically required. This structure offers enhanced privacy, control, and transaction speed, making it suitable for enterprise applications or consortiums. It balances decentralization with established governance frameworks.
Context ∞ Permissioned blockchain networks are a significant area of focus for traditional businesses and institutions exploring the benefits of distributed ledger technology. News frequently highlights their adoption in supply chain management, interbank settlements, and data sharing among regulated entities. The ongoing discussion often centers on their ability to deliver the advantages of blockchain while adhering to strict regulatory and privacy requirements.