A newly released report by investment banking firm Goldman Sachs makes an effort to dissect through the hype surrounding blockchain by explaining and itemizing the innovation has lauded the public nature of the Bitcoin blockchain.

The report proclaims the public distributed ledger used by Bitcoin as the "ideal vehicle" for public transactions and settlements between individuals who don't know each other. The report adds:

In fact, the public nature of the Bitcoin ledger is one of the most appealing and novel features of the distributed database.

While the report points to the Bitcoin blockchain as the ideal platform for individuals' transactions between each other, it sees private or "permissioned" blockchains to take root among most commercial applications, specifically in capital markets.