Global Market Research Company US Global Blockchain Market Forecast & Opportunities, | Page 13

Product Overview
With the emergence of quantum computers, The encryption of the private key can be decrypted . Satoshi
Nakamoto was aware of the possibility that a stronger computer power will emerge as per Moore's law, and
made the software in a way that it can be upgraded. SHA-384 or SHA-512 can even withstand breaches from a
quantum computer.
The private blockchain does not work on the basis of consensus of the majority and instead specific personnel
are chosen to verify the transaction, The private blockchain is much more faster as there is no mining process
and does not require enormous amounts of computing power. All the multi national banks and Corporates are
deploying private blockchain for their business.
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