The emergence of Blockchain Consortia

3 min read

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…...

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Faisal Khan Faisal is based in Canada with a background in Finance/Economics & Computers. He has been actively trading FOREX for the past 11 years. Faisal is also an active Stocks trader with a passion for everything Crypto. His enthusiasm & interest in learning new technologies has turned him into an avid Crypto/Blockchain & Fintech enthusiast. Currently working for a Mobile platform called Tradelike as the Senior Technical Analyst. His interest for writing has stayed with him all his life ever since started the first Internet magazine of Pakistan in 1998. He blogs regularly on Financial markets, trading strategies & Cryptocurrencies. Loves to travel.