Embodiments of the present disclosure provide a privacy transaction processing method, an electronic device and a storage medium, and relates to a field of blockchain technologies. The method includes: obtaining a business transaction request to be executed; if the business transaction request is a privacy business transaction request, obtaining a corresponding privacy key, in which the privacy key is an organization privacy key of a privacy organization to which the privacy business transaction request belongs; decrypting and executing the privacy business transaction request according to the privacy key to generate privacy business transaction data, in which the privacy business transaction data comprises at least associated information of privacy content data and the privacy business transaction request; and storing the privacy business transaction data in a blockchain, and storing the privacy content data locally.