Consortium blockchain

Consortium blockchain is a hybrid blockchain that combines the features of private and public blockchains. In a consortium blockchain rather than just having a blockchain where anyone can validate a transaction or a particular party validating a transaction, a number of selected expert and powerful parties are entrusted with validation. This type of blockchain is typically used by organizations or industries where multiple parties need to collaborate, but there is a need to maintain some level of privacy and control over the network. The trusted consortium members, often comprising industry leaders or experts, ensure that the network remains secure, efficient, and decentralised without allowing full access to the public.