What is a consortium blockchain?

A consortium blockchain (also known as a federated blockchain) can sometimes be confused with a private blockchain, but the two are not identical to each other.

Should you invest in a blockchain industry consortium?

So, investing in this kind of blockchain industrial consortium would be highly beneficial for your enterprise. Another significant aspect of this blockchain industry consortium is that they can give a lower transactional fee. You have to know that public blockchains do claim to offer similar features; however, the reality is quite far from it.

What are the different types of blockchains?

There are four main types of blockchains; public blockchains, private blockchains, hybrid blockchains, and consortium blockchains. Consortium blockchains, also referred to as federated blockchains, have pre-selected participants with equal power and privileges.

What are reusable blockchain platforms?

These offer reusable blockchain platforms, solutions based on technical standards. Mainly these have multipurpose use cases— Hyperledger, Enterprise Ethereum Alliance, etc. Moreover, this type of blockchain industry consortium exists solely for the purpose of helping Blockchain reach global recognition.