A Public-Private Ledger is a distributed ledger system that combines aspects of both public and private blockchains, allowing for selective transparency and controlled access. Portions of the ledger may be publicly viewable, while sensitive data or specific transactions are restricted to authorized participants. This hybrid approach seeks to balance the benefits of decentralization and immutability with the need for privacy and regulatory compliance. It is particularly relevant for enterprises and consortia requiring a permissioned environment with external verification capabilities. This model addresses the limitations of purely public or private blockchain solutions.
Context
The discussion surrounding Public-Private Ledgers often focuses on their suitability for enterprise blockchain applications and inter-organizational data sharing. Companies are exploring these hybrid models to achieve the benefits of blockchain while adhering to data privacy regulations. News in this area highlights partnerships and initiatives that leverage these ledgers for supply chain management, digital identity, and cross-border payments. The development of these systems is key to mainstream institutional adoption of distributed ledger technology.
The WYST pilot leverages a private Avalanche subnet to convert 45-day vendor payment cycles into instant, auditable T+0 settlements, optimizing state treasury liquidity.
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