&gt;From a brief glance, it seems that they want to tie as many businesses together as possible into one private blockchain-based network in order to make payment verification and settlement quicker&#x2F;more secure. Banks are already looking into this and exploring their own private blockchain network. [1]<p>Hasn&#x27;t Bitcoin already started such a network? What would be the benefit of a private network? Will banks really be able to bring more computing power (and thus, have the largest chain) than the Bitcoin public?