Blockchain Consortium: Advantages And Disadvantages

The main goal of a consortium blockchain is to increase collaboration among organizations in order to tackle industry-specific challenges. Groups with shared objectives can utilize blockchain consortiums to enhance transparency, accountability, and efficiency. According to research by Deloitte, many organizations are choosing to use consortium blockchains, with 74% of them opting for this type of network. Many blockchain platforms are also positioning themselves as a foundation for different organizational solutions.