Thread by @DLTPandu

I see the (#ETH) public chain private chain debate the same way as centralized/internal #oracles and decentralized oracles (#LINK). Companies started using private chains, as it's easier to test with, it's private from the competition and they have higher throughput right now.

Endgoal is still public chain. This is very clear and specifically confirmed by market leaders like #EY's Paul Brody recently again, #Gartner and #Capgemini. The real value of immutable ledger and end-to-end secure smart contracts lies with the open, decentralized way.

It just takes time till companies can/should use public chain. Privacy is one condition to be met before this happens for example.

Just as these companies test around with private #ethereum chains, they test around with private/centralized smart oracles.

#SWIFT and other leading banks tried BlockOne IQ by #Reuthers for example, before Chainlink is getting more mature and privacy solutions like Mixicles coming live to production. #Mixicles might be the equivalent of Ethereum's 'Nightfall' privacy solution that is developed by EY.

These industry giants don't choose private chains and centralized oracles over Ethereum and #Chainlink, it's just not the phase yet to use/announce it in production. If you think companies will go for private chains, you don't understand blockchain.

If you think companies will use Ethereum mainnet but not decentralized oracles, you don't understand blockchain.