Custom Blockchain Development

Custom blockchains are purpose-built blockchain networks designed to meet specific business or organizational needs, distinct from general-purpose public blockchains such as Ethereum or Bitcoin. They can be private (restricted to specific participants) or consortium-based (shared among a group of trusted entities), offering tailored features such as enhanced privacy, custom governance, optimized performance, and integration with existing systems. These blockchains often include specialized smart contracts and consensus mechanisms to address unique use cases.

Key Characteristics:

Customization: Built with specific rules, data structures, and functionalities for targeted applications.

Privacy & Control: Restrict access to authorized users, ensuring sensitive data remains secure.

Scalability: Optimized for high transaction throughput and low latency, unlike many public blockchains.

Interoperability: Designed to integrate with enterprise systems or other blockchains.

Example: TradeLens for Supply Chain Management

TradeLens, developed by IBM and Maersk using Hyperledger Fabric, is a custom blockchain for global supply chain management.

Purpose: Enhances transparency and efficiency in tracking goods across international trade networks.