Description: A blockchain consortium is a group of organizations that collaborate to develop blockchain technology and standards. This type of consortium is characterized by its focus on cooperation and shared governance, where members work together to create solutions that benefit all. Unlike public blockchains, where anyone can participate, consortia are often private or semi-private, allowing for greater control over who can access the network and how data is managed. The relevance of these consortia lies in their ability to foster innovation in various sectors, such as finance, supply chain management, and healthcare, by enabling organizations to share resources and knowledge. Additionally, by establishing common standards, consortia can facilitate interoperability between different blockchain systems, which is crucial for the widespread adoption of this technology. In summary, blockchain consortia represent a collaborative way to advance the development of solutions based on this technology, promoting trust and transparency among the involved parties.
