Consortium blockchains are a type of blockchain technology that is run by a group of organizations, rather than a single entity. Think of it like a neighborhood club where a group of people work together to maintain the rules and make decisions.
In the same way, consortium blockchains are run by a group of companies or organizations who work together to maintain the network and make decisions about how it should operate. This type of blockchain provides more security and control compared to a public blockchain, where anyone can participate, but still allows for multiple parties to have a say in how the network is run.
Consortium blockchains are often used in industries such as finance, supply chain management, and healthcare, where it's important for multiple organizations to have access to and control over the network.
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