[Ethereum] Is POW required for a private blockchain

private-blockchainproof-of-work

PoW is a mechanism to keep block chain incorruptable from malicious nodes.
Now in a private block chain where all nodes are supposed to be honest, what purpose PoW would serve? Would it not be just a waste of computational power?

Best Answer

You might want to look at this article.

To resume some of the points :

  • A private blockchain is a form of shared database
  • Different consensus protocols than Proof Of Work exist for private/permission blockchains
  • Check out Quorum and Hyperledger Fabric for enterprise blockchain solutions under active development