Consortium Blockchain

A consortium blockchain is a type of blockchain network where a select group of organizations collaborate and share control over the system. Unlike public blockchains, which anyone can join, consortium blockchains are restricted to trusted members who validate transactions together. This setup enhances security and efficiency, making it ideal for industries like banking, supply chain, or healthcare where multiple organizations need to work securely and transparently without relying on a fully open network. It balances decentralization with controlled access, fostering trust and collaboration among participating entities.