Frequently Asked Questions
A consortium blockchain is a permissioned network where control is distributed among several organizations rather than one central authority. It allows trusted partners to collaborate securely, share data, and automate processes while maintaining privacy and control.
Unlike public blockchains that allow anyone to participate, and private blockchains controlled by a single entity, consortium blockchains grant access to a selected group. This makes them suitable for B2B operations where transparency and restricted access need to coexist.
Consortium blockchains are widely used in supply chain networks for tracking goods, verifying product origins, coordinating vendors, and reducing manual paperwork. They ensure that every participant sees the same verified data, improving trust across the supply chain.
The process begins with defining the goal, selecting consortium members, and choosing the right blockchain framework. From there, developers create smart contracts, configure infrastructure, set governance rules, and launch nodes that represent each participating organization.
Hyperledger Fabric is a leading open-source platform for building enterprise blockchain applications. It supports modular components, role-based access, and fast transaction processing, making it ideal for consortium blockchain solutions across industries.
