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Making Sense of Public Versus Private Blockchains for Banks | PYMNTS.com

When financial institutions and payments players talk about their “blockchain strategy” today, what they’re really grappling with is architecture.Amid the noise surrounding crypto, tokens and Web3 hype cycles, the most consequential choice for builders, product leaders and decision-makers in the financial services and payments space often boils down to a deceptively simple question:public or private?After all, not all blockchains are built the same. For stakeholders in financial services and payments ecosystems building infrastructure, developing new products, or simply assessing risks around embracing on-chain operations, understanding the difference between public and private chains is key to informing any crypto or blockchain strategy.Both iterations of blockchain technology promise some version of faster, more secure and more transparent transactions. But, under the hood, they are fundamentally different; and for institutions operating at scale or under regulatory scrutiny, those d…