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Understanding the basics of blockchain is a good first step. The second step is to distinguish between public and private blockchains. The first type serves as an instrument for decentralization and works in a trustless environment. The second type is aimed to help enterprises increase efficiency and security. Finally, consortium private blockchains permit several companies to share selected data with each other seamlessly and securely which dramatically cuts their costs, saves time, and increases trust among partners. Read more about private vs public blockchain