The methods companies are employing to validate transactions is one I want to learn more about going forward as this is a critical piece to the success of the distributed ledger/private blockchain space.
For a lot of companies they are probably still trying to sort through the best way to do this.
Once a supermajority of the nodes agree, consensus is achieved.
First off, transaction validation will be different from the bitcoin blockchain because Proof of Work will not be used.
The features of a private blockchain network are: Note: A metacoin is a coin that is launched on top of another blockchain, as a "meta" layer.
The health of the whole ledger depends on the ability of the parts to adapt and withstand stress.
In this case that would be points of failure on how transactions get validated and who those validators are.