Consortium Blockchain

       Blockchains are generally classified as one of 3 general archetypes; public, private & consortium. A Consortium Blockchain is a permission system that adopts hybrid public/private governance.

     Consortium Blockchains are constructed from a group of pre-approved entities that are considered to be “trustworthy” and operate similarly to a democracy; participants delegate their votes to the pre-approved representatives of the chain, as do citizens delegate their votes to their local representatives. It comes as no surprise that consortium blockchains are notorious for their DPOS (delegated-proof-of-stake) consensus mechanisms. Due to their lower surface area of communication and decision making (21 delegates over 10,000 nodes) consortium blockchains offer higher operational efficiencies than purely public alternatives.  

     An example of a consortium blockchain project is hyperledger. 

      Resources

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