Definition ∞ Consortium chains are a type of blockchain governed by a select group of pre-approved participants, rather than being entirely open or controlled by a single entity. These networks offer a balance between the transparency of public blockchains and the controlled access of private ones. Members of the consortium collectively maintain the ledger, validate transactions, and establish the rules of the network. This structure is often chosen for specific business applications where a degree of control and accountability is desired among known parties.
Context ∞ Discussions around consortium chains frequently center on their utility for inter-organizational operations, supply chain management, and regulated financial services within the digital asset space. News concerning enterprise blockchain adoption often features these chains as a preferred solution for their enhanced privacy, higher transaction speeds, and more manageable governance structures compared to public networks. Observing regulatory attitudes and industry collaborations involving these chains provides insight into their expanding commercial deployment and potential impact on traditional sectors.
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