8. Summary and Suggestion

We have discussed the BlockConvey Blockchain Protocol, which satisfies the conditions of permissioned private blockchains, utility, and Proof of Authority consensus. The result is that BlockConvey is able to provide better solutions to individuals and businesses alike. The transactions in the blockchain are secure to the bounds that it is a private chain.

While we have confidence that the protocol is secure as long as the Authority nodes perform their function, we have taken together with the qualities that allow our network to function as a hast and low-cost global blockchain with well- understood security and reliability properties.

We believe BlockConvey represents a significant step forward for distributed blockchain systems.
The low cost and latency allow for many types of applications previously made difficult or even impossible with other, higher latency consensus methods.