Enterprise Consortium DLT refers to a distributed ledger technology implementation utilized by a group of organizations or businesses that collaborate within a shared network. Unlike public blockchains, these DLTs are typically permissioned, meaning participation and access are restricted to known and authorized entities. The consortium collectively governs the network, defining rules and validating transactions. This structure offers enhanced privacy, performance, and control, making it suitable for specific industry applications.
Context
News often reports on Enterprise Consortium DLTs being adopted by various industries, such as supply chain management, financial services, and healthcare, to improve data sharing, transparency, and operational efficiency. These consortia aim to leverage blockchain benefits while maintaining regulatory compliance and data confidentiality. The ongoing discussion involves the scalability of these private networks and their potential for interoperability with public blockchains. Their development indicates a growing institutional acceptance of distributed ledger solutions for real-world business challenges.
The blockchain-based "book and claim" system integrates a new supplier, enhancing the traceability and scalability of verified Sustainable Aviation Fuel credits.
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