User blogs
WHIRLING INTERNATIONAL’S WL SERIES SCREW PUMPS
Are you looking for your next workhorse pump? Whirling International has you covered with their heavy-duty WL Pump Series. Ideal for most challenging applications, the WL Series Pumps like to get dirty with Polymer feed, Adhesives, Abrasives Slurry, Fracking and Drilling, and Wastewater Treatment Processes. To get more news about SEEPEX Pump Parts, you can visit hw-screwpump.com official website.
These progressive cavity single eccentric screw pumps are modular in design, providing the luxury of 1-3 stages depending on assembly. This feature allows users to obtain pressure levels of 75psi, 150psi, or 255psi, depending on the stator and rotor length per individual pump.
The rotor-stator assembly forms internal sealed cavities every 180 degrees filled with the desired pumped materials. During the rotor rotation, the opposite cavities fill as the others empty in a smooth equal proportion. The Continuous operation of the equipment generates fluid displacement from the suction to the discharge. This action provides constant flow free of pulsations or positive displacement.
Progressive cavity pumps VISCOPOWERProgressive cavity pumps VISCOPOWER
FLUX VISCOPOWER progressive cavity pumps are suitable for pumping thin to high-viscosity fluids. The displacement pumps work with low turbulence at a constant pressure and provide for a gentle and pulsation-free operation. The VISCOPOWER progressive cavity pumps can be designed for industrial applications as well as for the pharmaceutical, food and cosmetic (Hygienic) sectors. All progressive cavity pumps VISCOPOWER are mobile and stationary, consist of only a few components and are easy and quick to dismantle.To get more news about screw pump stator, you can visit hw-screwpump.com official website.
There is a choice of versions for immersing in the material and for installing outside the container; versions with explosion protection, 3A certification and FLUX FOOD pumps (Directive (EC) 1935/2004 and FDA CFR 21 compliant). For connection of the motor there is a choice between bearing flange and gear. For pumping especially high-viscosity media there are drum emptying systems VISCOFLUX with progressive cavity pumps available.
FLUX progressive cavity pumps VISCOPOWER can also be used for the following applications:
As drum pumps, container pumps and barell pumps with electric commutator motor or compressed air motor for pumping thin-bodied to viscous and highly viscous media up to 100,000 mPas.
As horizontal pumps in TR version for horizontal use for containers that are not accessible from above.
In combination with our various drum emptying systems VISCOFLUX for pumping highly viscous media from lidded drums.
What are the special features of the VISCOPOWER progressive cavity pumps from FLUX?
The VISCOPOWER progressive cavity pumps have been developed with a special focus on easy, intuitive and fast disassembly and cleaning of the surfaces in contact with the media. Thanks to the sophisticated design, the progressive cavity pump can be disassembled quickly and effortlessly. Seals and transitions are designed in such a way that dead spaces have either been completely eliminated or at least minimised. These features make it particularly suitable for use in the food, cosmetics or pharmaceutical industries.
A wide range of applications
A large selection of pre-configured variants is already available for the most common applications and areas of use. For specific needs, media or special applications, the pump can be customised from various modular components to meet your requirements.
Flexibly positioned for the future
Your requirements, areas of application or media could change in the future? No problem for the VISCOPOWER series! Standardised interfaces and a modular system make it possible to replace components such as screws, stators, motors and seals to make the pump fit for changing pumping requirements. to make the pump fit for changing pumping tasks.
Engineering Drawing Abbreviations and Symbols
You may easily identify the abbreviation KG and CM, do you know the meaning of CYL and EQUI SP on a CNC design? These abbreviations used in engineering drawings along with symbols to specify the details and characteristics of the drawing instead of the full word, which terms are commonly used? Here we collected the standard engineering drawing abbreviations and symbols to provide help for users.To get more news about engineering drawing abbreviations, you can visit runsom.com official website.
Why Use Abbreviations and Symbols in Engineering Drawings
A good design drawing can indicate all the details needed to produce a mechanical CNC milling part in an easy way. Because there is no large space on a drawing to contain all the text to illustrate the image, abbreviations, and symbols are often used in engineering drawings to communicate the characteristics of the product to be manufactured. Engineering drawing abbreviations and symbols are concise and easy to understand for people from any country, also save space and make the drawing looks more pleasing to the eye.
Technical standards are made to define and provide glossaries of abbreviations, acronyms, and symbols that may be found on engineering drawings. There are different types of International Engineering Standards applied, including International (ISO), Australia (AS), France (AFNOR), Germany (DIN, WR), Italy (UNI), Japan (JIS), Korea (KS), Sweden (SS), UK (BS), USA (AISI, ANSI, ASTM, SAE, AMS). Please note that the same abbreviation may have different meanings in different categories.
In order to create drawings using Autodesk Advance Steel, user-defined or predefined drawing styles are used. The name of a drawing style consists of abbreviations. It is useful to know what the abbreviation means, in order to use the correct drawing style and to obtain the desired result.
All drawing styles are stored in the Drawing Style Manager, and the most frequently used can be found in the Quick Documents.
What do the abbreviations used in the drawing styles mean?
The drawing styles are displayed in two main categories: Advance (they cannot be modified) and User (they can be modified, deleted and new ones can be added).
What do the abbreviations used in the drawing styles mean?
Depending on the Autodesk Advance Steel installation language, the drawing styles are organized in specific categories. For example, on the English International version there are seven categories, of which three contain drawing styles for general arrangement (GA), one for single parts (Sp) and the other three for main parts (Mp).
A drawing style contains one or more views.
What do the abbreviations used in the drawing styles mean?
– The drawing styles used to create a general arrangement (GA) contain only one view, because they depend on the UCS orientation in the model or on the “camera” object which needs to be selected.
– The drawing styles used to create the single part drawings or the main part drawings contain one or more views, cut sections, endplate views and welding preparation sections. Also, the displayed views depend on the “Necessary View Wizard”.
3D printing, rapid prototyping company expands without leaving small community
The sort of work being done inside Primary Manufacturing might seem like the sort of specialization that would be found only in a tech-driven community in a large metro.To get more news about rapid prototyping companies, you can visit runsom.com official website.
Instead, the industrial 3D printing and rapid prototyping company is thriving in the Sioux Falls metro area from Humboldt, where it was founded in 2017.
“There’s a lot to be enthusiastic about in Humboldt, and Primary is right at the top of the list,” said Jesse Fonkert, president and CEO of Sioux Metro Growth Alliance. “The type of work being done here and the jobs being created are exactly what will help position a community like this for the future.”
We caught up with Ladd McCluskey, the engineer-founder behind the business – who’s now a Humboldt resident himself.It’s been good. We’ve been growing by leaps and bounds it seems. We have 10 employees now, and it’s been pretty awesome. We work with some of the biggest ag companies in the country and some very large automotive clients, but then we also work with local inventors. So it’s everything from one person who comes in with a cool idea to designing and building for some of the biggest names in industry.
We’ve added 3D metal printing recently, so we now can do three styles of stainless steel plus 4340, which is a steel that can be hardened. We doubled the size of our building to take on the steel process, so we’re at about 4,000 square feet now.
Why grow the business in Humboldt? What has kept you here?
We lived in Hartford at the time we started the business, and I saw Humboldt wasn’t growing at the same rate even though it was only 8 miles farther from Sioux Falls, and after watching the Twin Cities when we lived there in the ’80s and ’90s, there was an area that just exploded, and this made sense to me as our next tier out here.
How has Humboldt evolved as your business has?
It’s gone from having one or two houses come up for sale a year to having a development on the west side of town now. And our business isn’t the only one that’s built. First Manufacturing is in the process of building a new building. And there are new houses going up because you can still have a lot of things people really want in this part of the country. They want to live in a small town with safety and security, and get to know their neighbors. The other day, my wife and I were out for a walk, and a neighbor offered us extra tomatoes and zucchini. We help plow their snow. So it’s wonderful.
What more do you think Humboldt needs as a community?
We need to invest for the future to take advantage of the opportunities that exist for Humboldt. From Sioux Falls to Brandon is almost completely developed at this point, so development is coming, and we need a mindset of building for the future. We need to evolve in how we plan and look for jobs that will keep people local and pay a decent amount.
The All-Too Complicated History of Simplified Chinese
Almost everyone who learns Chinese knows about the split between simplified and traditional Chinese. The Chinese mainland, Singapore, and Malaysia use the former; Hong Kong, Macao, and Taiwan use the latter. The two kinds of Chinese denote not only different customs for reading and writing but also different aesthetics and politics, differences that occasionally boil over into heated debates between their respective camps.To get more news about chinese alphabet, you can visit shine news official website.
The classic narrative is that simplified Chinese emerged from the People’s Republic’s language reform movement in the 1950s, part of an official drive to simplify characters in keeping with the way the socialist state revolutionized traditional culture and democratize literacy. In contrast, regions that stuck with traditional characters — Hong Kong, Macao, and Taiwan — ostensibly did so out of respect for tradition.
This binary distinction between simplified and traditional Chinese is misleading, however. The official “Table of General Standard Chinese Characters,” released in 2013, specifies 8,105 “standard” characters used on the Chinese mainland, of which less than a third came from the 1950s simplification scheme. In other words, if the simplified Chinese used on the mainland and the traditional Chinese used in Hong Kong, Macao, and Taiwan were separately compiled into dictionaries, the similarities would outnumber the differences. Many characters in simplified Chinese were never simplified at all; some remain complex even after simplification.
Although calling the writing system used on the Chinese mainland and in Singapore and Malaysia “simplified” is justifiable, given the process that created them, referring to its counterpart as “traditional” Chinese is less accurate: The Chinese characters used in Hong Kong, Macao, and Taiwan are not traditional in the strictest sense of the word.
Unlike alphabets, Chinese has always featured numerous “variant characters” with identical meanings but drastically different shapes and origins. Some variant characters were constructed using different components with similar or identical pronunciations or meanings. Others, such as the variant characters for “enough,” gou, are composed of the same components but in different arrangements. Or sometimes a character was entirely borrowed from another word with similar or identical pronunciation. In the case of the character for “10,000,” wan, the simpler variant is a homophone first used almost 2,500 years ago.
In fact, many variant characters are the fruit of natural evolution, as people tried to write more efficiently. The most notable example is the cursive script known as caoshu, which gained popularity during the Han dynasty (202 B.C.-220 A.D.) Caoshu emphasized minimalism in every regard: the path of the brush on paper, the movement of the brush in the air, and the action of lifting and dropping the brush. It drastically cut the number of strokes in many characters, even to the point of omitting some components outright. Over time, some of these forms became widely used variant characters in their own right.
In short, over the long course of history, script variations were the norm, rather than an aberration. The same is true of script reform. Chinese rulers recognized the diversity within Chinese characters. One common tactic for establishing control over the written language was to compile “books of characters” to organize, classify, index, pronounce, and interpret Chinese characters, as well as distinguish “orthodox” from “folk” variants. The most famous of these, the Kangxi Dictionary, produced during the Qing dynasty (1644-1912), contains 47,035 characters — and is missing many more.
It’s unsurprising, then, that the events of the 20th century — the fall of the Qing dynasty and the establishment of the Republic of China — gave new impetus to script reform. Republican intellectuals wanted to “enlighten” the public, and politicians wanted to build a modern state with a literate citizenry. Both saw a writing system of thousands of hard-to-distinguish Chinese characters as incompatible with increasing literacy rates, breaking the elite’s monopoly on knowledge, or promoting economic development and popular political participation.
Easy House Drafting Software
Easy house drafting software is great for all types of home drafting projects and home design. Cad Pro computer drafting software is used worldwide for architectural drafting, mechanical drafting, electrical drafting and landscape drafting.To get more news about computer aided, you can visit shine news official website.
Traditional drafting programs can be complex and difficult to use. But Cad Pro drafting software is easy and affordable. No experience is necessary with Cad Pro’s advanced drafting and design tools.
CAD Pro helps you plan and complete any home building or remodeling drafting project with intuitive smart drafting and design tools and home design symbols. You can actually start designing house plans the first day with CAD Pro.
CAD Pro has become a leader in the world of easy house drafting software. CAD Pro is used in schools and universities as a standard teaching method for computer drafting and design software.
Advanced drafting features allow anyone to produce professional results every time.
Easy and Precise Alignment Drafting Tools and Features
Cad Pro will assist you when precise alignment is necessary, quickly align and arrange everything perfectly. Cad Pro’s intelligent “Snap Tools” and easy alignment features provide the necessary precision for detailed drafting and design.
Share your drafting diagrams with clients or contractors using Dropbox®, Google Drive™, OneDrive®, and SharePoint®. Export files to Microsoft Word®, Excel®, and PowerPoint®.
CAD Pro’s easy house drafting software is an affordable and easy alternative to other more expensive CAD software programs. CAD Pro is great for creating custom home plans, building plans, office plans, construction details, and much more.
You don’t need to be an experienced professional to look like one. CAD Pro includes textures for flooring, countertops, and more. You can also add pop-up photos for a real-world view of your home building floor plan ideas, this feature is great for customer presentations.
Easy House Drafting Software Symbols
You get thousands of ready-made home design symbols for everything from furniture to bathroom and kitchen fixtures. If you’re doing a more technical remodeling project, you’ll even find wiring, outlets, heat & air, and plumbing symbols.
CAD Pro is a leading developer and publisher of easy house drafting software for builders, remodelers, architects and DIY home enthusiasts. Create professional quality home designs and remodeling plans with the ultimate computer-aided design software.
CAD Pro software will assist you in all types of drafting diagrams and plans without difficult CAD technology experience. It provides lots of drawing tools, including dimensioning, wall, door, window and structure, appliances, furniture, cabinets, and the creation of custom symbols. It offers users maximum drawing control for their home design and building projects.
Top Cryptocurrency Events to Watch Out for in 2023
Cryptocurrency and blockchain can be intimidating to research about, but one of the best ways to learn more about crypto, blockchain, DeFi, the metaverse, and all other nascent concepts is by attending cryptocurrency events. Many organizers are now holding more in-person events to allow interested enthusiasts to meet the movers and shakers of the crypto and blockchain industries.To get more news about crypto events, you can visit wikifx.com official website.
To help you discover what notable crypto events to watch out for this year, we've curated a list of some of the top crypto, blockchain, NFT, and metaverse events that are worth attending.
Why Go to Crypto-Related Events?
Whether you're a crypto expert or an enthusiast, crypto events serve as a way for you to expand your personal network and establish partnerships with other like-minded individuals. You'll be thrust into a professional network where you have the opportunity to meet, learn from, and even collaborate with major industry players, developers, designers, investors, and pioneers in crypto or blockchain.
Aside from gaining industry insights, you'll be able to gain a wider perspective on these emerging technologies. You'll get to join in on debates, panels, and live discussions that are all event exclusive. If you'd like a change of scenery, some of these major crypto events are held in some of the most picturesque locations like Valencia, Davos, and Šibenik.
Moreover, you'll have the opportunity to discover new products or technology from participating vendors. Who knows-you might just find the solution that can help move your business forward in one of these cryptocurrency events. Plus, aside from learning about new products or new tech, you may also be able to strike a partnership with one of the vendors.
If you're already an expert in cryptocurrency or in the blockchain space, you may want to consider signing up as a guest speaker. Aside from being able to establish yourself as an expert, you'll be able to tap into a network of other leaders in the crypto landscape.
The World Crypto Conference (WCC) 2023 will bring together some of the world's leaders in DeFi, Metaverse, and traditional finance. WCC aims to connect key players in these industries from developers and investors to blockchain companies and traditional corporate entities. You'll find debates, panels, workshops, and discussions on topics such as the role of digital assets in the context of traditional finance, with the key topics being NFT, the Metaverse, and DeFi.
Dubbed as "the most influential Blockchain event in Europe", the European Blockchain Convention 2023 will feature over 200 speakers who will discuss topics such as blockchain, crypto, NFTs, DeFi, and Web 3. It will host over 100 sessions in three stages to help guests learn more about the latest updates and innovations in the blockchain, crypto, and Web 3 spaces.
The three-day event will welcome more than 3,000 attendees in a gigantic 2,000-sqm exhibition area. Aside from panels, keynotes, workshops, and networking parties, guests can expect to witness over 500 1:1 meetings, as well as get the chance to meet some of the leading blockchain startups in Europe.
The Blockchain Event in Fort Lauderdale aims to educate guests about how blockchain can help businesses across industries like finance, healthcare, and entertainment. There will be panel discussions, presentations of case studies, and keynote speeches on topic like the use cases of blockchain, how to develop and launch blockchain projects, and how blockchain investments and implementations are benefitting businesses.
Get ready for the 6th edition of the UK's leading blockchain event. This two-day event will bring together over 2,000 attendees and more than 120 journalists from over 65 countries. Here, you'll get the chance to meet and learn from some of the world's top blockchain entrepreneurs and crypto companies. Some of the speakers for the 2023 Blockchain Economy London Summit include:
Known as the world's "longest running ETH event", the ETHDenver hosts "#BUIDLathons", workshops, community gatherings, and innovation festivals. It's also home to the world's "largest Web3 #BUIDLathon". It will invite blockchain companies from all over the world to host events. Expect to see a lot of cool features during the ETHDenver 2023, such as an art gallery and makerspace, #BUIDL floors, a Zen Zone, and livestream presentations. Plus, what sets this event apart from other crypto events is that it offers free childcare. The #BUIDL Week will run from February 24 to March 1, while the ETHDenver event will run from March 2 to March 5, 2023.
Crypto Traders Worried About Liquidity Thinning in Bitcoin and Ether
Liquidity conditions in the bitcoin (BTC) and ether (ETH) markets continue to worsen, and the situation is now more alarming than it was three months ago. That has traders worried about abrupt price swings in the crypto market.To get more news about crypto currency liquidity, you can visit wikifx.com official website.
Liquidity refers to the ability of the market to absorb large buy and sell orders at stable prices. The commonly used metric for assessing liquidity conditions is 2% of market depth - a collection of buy and sell offers within 2% of the mid-price or the average of the bid and the ask/offer prices.Data from Paris-based crypto data provider Kaiko show bitcoin's 2% market depth for USDT pairs aggregated from 15 centralized exchanges has slipped to 6,800 BTC, the lowest since May 2022 when the Terra network collapsed and below the level that followed the demise of crypto exchange FTX. It's down significantly from the October highs of above 15,000 BTC. Ether's 2% market depth has more than halved to 57,000 ETH since October, led by Binance.
"Thin liquidity means more drastic moves, particularly in alternative cryptocurrencies," Matthew Dibb, chief investment officer at Astronaut Capital, said.
"Funds trying to trade size are forced to TWAP over longer periods (days or weeks) hence why it looks like some charts have recently been 'walked up' such as STX," Dibb added.
TWAP, or time-weighted average price, is an algorithmic strategy focused on achieving an average trade execution price close to the time-weighted average price of the asset. In other words, it involves breaking a large order into smaller quantities and executing those at regular intervals to minimize the impact on the going market and reduce slippage.
Slippage is the difference between the expected price at which a trade is placed and the actual price at which the buy/sell transaction is executed. Slippage usually occurs when there is low market liquidity or high volatility."Realistically, though, dwindling market depth has also meant that most large funds have not been participating at the same level as previous due to the amount of slippage associated," Dibb noted, adding that any large institution that offloads coins now is going to have a deeper effect on the market.
The latest decline in the market depth comes amid dwindling volatility expectations in the bitcoin market. This kind of situation often leads to sudden explosion in volatility, according to Griffin Ardern, a trader from crypto asset-management firm Blofin.
The Bitcoin Volatility Index (BVIN), which measures the implied or expected volatility over the next 30 days, has declined to 56.39, its lowest level since at least early 2021, according to data source CryptoCompare.
Bitcoin's seven-day variance risk premium, or the difference between the seven-day implied volatility and seven-day realized volatility, has flipped negative, according to data tracked by Amberdata. It shows short-term volatility expectations are underpriced.
"An environment conducive to high volatility is being created," Ardern said. "And because the depth is low, it only takes a small amount [buy/sell order] to influence the price, and the resulting hedging activity of market makers to amplify market volatility through hedging."
Market makers always take the opposite side of investors' trades and maintain a market-neutral portfolio by buying and selling the underlying asset as the price swings. Their hedging activity is known to influence the bitcoin's spot market price and could have an outsized impact this time, thanks to low market depth.The crypto market liquidity began drying up in mid-November after Alameda Research and FTX went bust. Alameda was one of the most prominent market makers, providing billions of dollars in liquidity to small- and large-cap tokens. The resulting contagion brought down several trading desks, including Arbitrage and high-frequency trading firms, and hurt prominent market makers like Genesis, which is owned by CoinDesk's parent company, Digital Currency Group.
WikiBit's Panel of Experts are Bullish on Hong Kong as a New Crypto Hub
Victoria, Re Wan Chai, Hong Kong S.A.R.- On March 10th, WikiBit, the global blockchain exchange regulatory inquiry platform, organized a roundtable discussion to explore the factors driving the rise of Hong Kong as a major hub for cryptocurrency activities. The event brought together experts and thought leaders from the industry to share their insights on this growing trend.To get more news about WikiBit App, you can visit wikifx.com official website.
During the panel discussion, participants analyzed the regulatory framework, market trends, and business opportunities that have contributed to Hong Kong's emergence as a new center for crypto-related activities. The experts also discussed the challenges and potential risks associated with this trend and shared their perspectives on the future of cryptocurrencies in the region.
The roundtable discussion provided a platform for a comprehensive and informative dialogue on the dynamics shaping the crypto landscape in Hong Kong. WikiBit remains committed to providing valuable insights and resources to promote greater understanding and awareness of the blockchain industry worldwide.
Hong Kong's bid to become a digital asset hub is drawing in cryptocurrency companies seeking to capitalize on mainland China's appetite for trading in tokens. With its new regulatory regime for exchanges and plans to legalize crypto trading for retail investors, Hong Kong is increasingly being seen as a more crypto-friendly destination than Singapore, which implemented a crackdown on the sector last year.
As the world's fourth-largest crypto market, despite the Chinese government's ban on the sector in 2021, mainland China continues to present a significant demand for digital coin trading. As a result, companies are rushing to establish a presence in Hong Kong in the hopes of capturing this demand.
The move to Hong Kong comes as a response to the potential opportunities presented by the city's push to become a crypto hub, with companies looking to gain a foothold in the region's growing market. These developments signal a shift in the dynamics of the cryptocurrency industry in the region, as businesses seek to navigate evolving regulatory frameworks and seize new business opportunities.
As companies continue to flock to Hong Kong, they will face challenges and risks associated with the nascent industry, including regulatory uncertainties, cybersecurity threats, and market volatility. However, with Hong Kong's growing reputation as a crypto-friendly destination, coupled with the increasing demand from mainland China for digital assets, the prospects for the cryptocurrency industry in the region appear bright.
A robust regulatory framework not only safeguards the interests of investors but also instills greater confidence in builders and investors alike. In this regard, Hong Kong, the emerging cryptocurrency hub, has been at the forefront of setting new regulatory standards in the industry. With Asia's second-largest economy, Hong Kong has taken proactive steps to safeguard investors while also promoting the growth of the crypto industry.
The city has been exploring ways to enhance its regulatory framework to ensure that it aligns with global standards and provides a safe and secure environment for cryptocurrency-related activities. The regulatory regime for exchanges and the recent legalization of crypto trading for retail investors are just some of the steps taken to encourage the growth of the crypto industry in the city.
The measures adopted by Hong Kong demonstrate the government's commitment to promoting innovation while also ensuring that investors are adequately protected. As a result, Hong Kong has become an attractive destination for businesses looking to establish a presence in the region's growing cryptocurrency market.
The establishment of a strong regulatory framework is a positive development for the industry as it provides a sense of stability and predictability that investors and builders need to operate effectively. As Hong Kong continues to lead the way in this regard, other jurisdictions in the region and beyond may look to follow suit, creating a more consistent and transparent regulatory environment for the cryptocurrency industry globally.
Blockchain success starts here
Blockchain defined: Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding). Virtually anything of value can be tracked and traded on a blockchain network, reducing risk and cutting costs for all involved.To get more news about blockchain knowledge, you can visit wikifx.com official website.
Why blockchain is important: Business runs on information. The faster it's received and the more accurate it is, the better. Blockchain is ideal for delivering that information because it provides immediate, shared and completely transparent information stored on an immutable ledger that can be accessed only by permissioned network members. A blockchain network can track orders, payments, accounts, production and much more. And because members share a single view of the truth, you can see all details of a transaction end to end, giving you greater confidence, as well as new efficiencies and opportunities.
A private blockchain network, similar to a public blockchain network, is a decentralized peer-to-peer network. However, one organization governs the network, controlling who is allowed to participate, execute a consensus protocol and maintain the shared ledger. Depending on the use case, this can significantly boost trust and confidence between participants. A private blockchain can be run behind a corporate firewall and even be hosted on premises.
Permissioned blockchain networks
Businesses who set up a private blockchain will generally set up a permissioned blockchain network. It is important to note that public blockchain networks can also be permissioned. This places restrictions on who is allowed to participate in the network and in what transactions. Participants need to obtain an invitation or permission to join.
Consortium blockchains
Multiple organizations can share the responsibilities of maintaining a blockchain. These pre-selected organizations determine who may submit transactions or access the data. A consortium blockchain is ideal for business when all participants need to be permissioned and have a shared responsibility for the blockchain.