I have read that it is possible to set up a private blockchain using EOS. Can anyone help me to understand how to set up a private chain using EOS. Thanks in advance
Whenever you set up a local testnet node or run nodeos on your home computer, you are creating a new EOS chain. What matters is how you choose to connect it to other nodes to decentralise the system.
If you want a private blockchain for, say, your office building, then you would set up several instances of nodeos in the office and connect them to each other using your LAN p2p addresses.
Yes you can create a private blockchain take a look this tutorial : https://developers.eos.io/eosio-nodeos/docs/bios-boot-sequence
this tutorial written by EOS developer. https://medium.com/@kaloliya/step-by-step-guide-to-set-up-your-private-eos-network-eosio-6d80c30dd520