Definition ∞ 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.
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