A blockchain consortium comprises multiple organizations collaborating to develop and manage a shared blockchain network. These entities jointly govern the protocol, define access rules, and maintain the distributed ledger. Consortia often seek to address specific industry challenges by leveraging the benefits of blockchain in a controlled, permissioned environment. Their objective is typically to achieve collective operational efficiencies and data sharing capabilities.
Context
The establishment of blockchain consortia highlights a significant movement towards enterprise adoption of distributed ledger technology for specific business use cases. The ongoing debate concerns balancing the benefits of shared infrastructure with the need for competitive differentiation and preventing centralized control among participating members.
The integration of two major DLT networks via a unified API enables real-time, high-value B2B settlement, significantly reducing counterparty and liquidity risk for global enterprises.
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