Consortium Blockchain

Consortium blockchain is a type of blockchain where the consensus process is controlled by a group of pre-selected entities, rather than a single organization or the public. This setup offers a balance between the decentralization of public blockchains and the control of private blockchains. It allows specific entities to validate transactions, enhancing privacy and scalability while maintaining some level of decentralization. Consortium blockchains are often used by businesses or organizations that require secure, shared data management but need controlled access. They can be tailored to meet the specific needs of the participating entities, offering flexibility and efficiency.