A blockchain technology called SourceLess Hybrid Blockchain is gaining popularity among businesses and organizations because of its unique architecture that combines the benefits of public and private blockchains. The combination of controlled access and freedom provides more flexibility and security to users.
This hybrid blockchain model offers users equal rights to perform transactions, view them, and even modify them if needed. However, the identity of the users remains secret from other participants until they transact with one another. At this point, a KYC process reveals the identity of the user to the party they are interacting with.
The benefits of SourceLess Hybrid Blockchain include a more efficient and secure transaction process while still maintaining a level of privacy and control. This makes it an attractive option for businesses and organizations that require a balance of privacy and transparency in their operations.
Hybrid blockchains offer organizations the ability to customize their blockchain solutions to their specific needs by combining the features of both public and private blockchains. A hybrid blockchain can be seen as a mix of public and private blockchains where some components are public, and others are private.
The SourceLess Hybrid Blockchain model has the potential to change the way businesses and organizations use blockchain technology. Its flexibility and security make it an attractive option for those looking to balance privacy and transparency in their operations. With the rise of blockchain technology, it is exciting to see the innovative ways in which it is being utilized to meet the diverse needs of businesses and organizations.