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 is an example of a blockchain development platform?

An example would be a manufacturer working with logistics companies: two business disciplines part of one supply-chain blockchain consortium. Quorum (based on Ethereum), R3 Corda and Hyperledger have emerged as some of the most popular blockchain development platforms.

Why is authentication important in a consortium blockchain?

Authentication conducted by them reduces the risk of data threats. The nodes violating the set protocols are immediately identified and suffer the consequences of violation. The other threats like SQL injection, DDoS, “man in the middle” are insignificant in consortium blockchain.