Consortium Blockchains

Consortium blockchains are a type of blockchain technology where a group of organizations collaborates to manage and maintain the blockchain. Unlike public blockchains, which are open to everyone, consortium blockchains restrict access to a selected group of participants, allowing them to share and secure data more privately and efficiently. This setup is beneficial for businesses and institutions that need to cooperate without disclosing sensitive information, as it combines the transparency of blockchain with the control of a private network. They are commonly used in industries like finance, healthcare, and supply chain management.