Definition ∞ A consortium network is a type of blockchain or distributed ledger technology where participation and transaction validation are restricted to a select group of pre-approved entities. These networks typically operate with a permissioned structure, allowing members to maintain control over governance and data access. They offer a balance between decentralization and centralized control, often tailored for specific industry applications. This setup contrasts with public blockchains that allow anyone to join.
Context ∞ News reports on consortium networks frequently focus on their adoption by enterprises and financial institutions for inter-organizational processes like supply chain management or interbank settlements. Discussions often revolve around the trade-offs between privacy, efficiency, and the level of decentralization these networks offer. Regulatory bodies also examine these structures for compliance and systemic risk implications.
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