Most of us are pretty well aware of the public blockchains like Ethereum with the built-in functionality of smart contracts apart from the well-known features of transparency, security & privacy. The past one year has seen the emergence of consortium blockchains or permissioned ledgers which are mostly working to explore the use of DLT (Digital Ledger technology) in different sectors of the economy. Majority of these have emerged in the financial sector. Most of the Consortium blockchains have restricted rights where nodes that participate in the network consensus are chosen in advance, but they are highly scalable networks. These consortia…...
The emergence of Blockchain Consortia
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