Consortium Blockchains are distributed ledger systems where the network is controlled by a pre-selected group of organizations rather than being fully open to the public. These networks offer a degree of decentralization among the participating entities, allowing them to collectively manage and validate transactions. They provide a balance between the transparency of public blockchains and the control required for enterprise applications. Access and participation are typically governed by established rules agreed upon by the consortium members.
Context
Consortium Blockchains are frequently discussed in the context of enterprise adoption of distributed ledger technology for supply chain management, interbank settlements, and data sharing initiatives. News often reports on new consortia being formed or existing ones expanding their membership and use cases. The debate frequently centers on the trade-offs between the enhanced privacy and control offered by these networks versus the more open, permissionless nature of public blockchains. Understanding their governance structures and the specific business problems they address is crucial for assessing their impact on various industries.
A novel quantum consensus mechanism integrates quantum voting and signatures into Proof of Vote, securing consortium blockchains against quantum threats.
We use cookies to personalize content and marketing, and to analyze our traffic. This helps us maintain the quality of our free resources. manage your preferences below.
Detailed Cookie Preferences
This helps support our free resources through personalized marketing efforts and promotions.
Analytics cookies help us understand how visitors interact with our website, improving user experience and website performance.
Personalization cookies enable us to customize the content and features of our site based on your interactions, offering a more tailored experience.
