Blockchain consortia

Blockchain consortia are groups of organizations that collaborate to develop and use blockchain technology securely and efficiently. Instead of a public blockchain open to anyone, they create a shared, controlled network where members can record and verify transactions transparently. This approach combines the benefits of blockchain—security, transparency, and decentralization—while maintaining privacy and governance suited to specific industry needs. Such consortia are common in sectors like finance, supply chain, and healthcare, helping members innovate, reduce costs, and improve trust through collective use of blockchain technology.