@iamveektoria
Most people know public & private blockchains but only a few understand the third type 📌
Imagine a WhatsApp group where multiple admins run the show. Nobody can change the rules alone, but the group is still private. Only invited members can join. That’s what a consortium blockchain is: one governed by several organizations, not just one.
Unlike public blockchains or private blockchains, consortium blockchains sit in the middle.
Why It Matters
For you as a user, consortium blockchains mean industries stop working in silos.
— Banking feels faster: When banks share KYC data on a consortium chain, your verification doesn’t restart at every new bank.
— Insurance feels smoother: Hospitals and insurers can access the same tamper-proof records, cutting delays and disputes when you file a claim.
— Deliveries feel more transparent: Multiple logistics providers track goods on the same chain, so you can follow your order in real time with fewer blind spots or mismatched updates.
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