Consortium Blockchain

« Back to Glossary Index

It is a privately owned and operated blockchain where a consortium shares information that is not readily available to the public. It relies on the immutable and the transparent properties of the blockchain. The consortium blockchains are created as well as used by the corporations when they are looking forward to enjoying the benefits of the exchanging value and information offered by a distributed ledger but locate public, permissionless blockchains inadequate for any particular reason.

« Back to Glossary Index

Check Also


New Mining Strategies You Need To Incorporate After Crypto Halving

Good News! The Bitcoin network has already crossed its 800,000th block at the end of …