Private or Public Blockchain?
Enterprises deploying blockchain technology must answer this question. There are trade-offs: limitations accepted and advantages foregone to secure the most necessary benefits. Why settle?
Get the best of both with Chia Virtual Private BlockchainTM .
INTRODUCING THE CHIA VIRTUAL PRIVATE BLOCKCHAINTM (VPB)
The Controls and Privacy of a Private Blockchain with the Security and Immutability of a Public Blockchain
WHY CHIA VPB?
The Tech Powering Chia VPB
Coin Set Model
A simplified version of Bitcoin’s Unspent Transaction Output (UTXO) model, the Chia Coin Set model allows each coin a clear owner with a smart contract to define its utility – enabling real privacy, even on a public blockchain.
Offers enable native peer-to-peer trading on the blockchain. By allowing two unfamiliar parties to propose and complete trades on-chain, Offers ensure honest trades and eliminate the need for escrow without counterparty risk.
DIDs with Verifiable Credentials
Privacy and control remain key reasons for enterprises to choose a private blockchain. Chia’s DID with Verifiable Credentials capabilities gives organizations complete control and permissioned privacy – even in a truly decentralized environment.
Chialisp is a Turing-complete functional programming language that is more auditable, and secure than Solidity. The on-chain smart transaction development environment is designed to be compliant with SSAE-18 SOC 1 and SOC 2 for GAAP, IFRS, and Sarbanes Oxley reporting standards.
Shared data network with no central authority that ensures immutability and auditability. Network participants can subscribe to data and be notified of any changes, while data owners maintain control to authorize data access.
Chia’s custody capability enables refined control for digital assets, credentials, and data by allowing for multiple signers, payment clawback, transaction timelock, re-keying, increased lock level, and more.
Talk to our experts and learn more.