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What is the situation of the consortium chain (What are the consortium chain platforms)?

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What is the situation of the consortium chain? In the traditional financial ind

What is the situation of the consortium chain (What are the consortium chain platforms)?

What is the situation of the consortium chain? In the traditional financial industry, the characteristics of information asymmetry and lack of interoperability make it difficult for funds to enter the system. However, blockchain technology can solve this problem. It can make asset transfer faster and cheaper. When enterprises want to use smart contracts for payments, they need to execute transactions through third-party institutions, thereby improving efficiency. At the same time, the consortium chain is divided into three layers: public chain and private chain. The public chain mainly includes three aspects: consensus algorithm and encryption method (Bitcoin). A public chain refers to a network composed of an entity or a group of people, whose purpose is to record and process ledger data. Public and private keys belong to the same person or a trust entity between them. (China Business Network)

What are the consortium chain platforms?

Currently, there are mainly two types of consortium chain platforms: blockchain based on private keys and network management using public cloud technology. In the public domain, nodes can be stored in a distributed system or an organization to ensure its operational security. On the other hand, the consortium chain can also provide benefits to participants by sharing information through data access.

However, it is relatively complicated to use. Because public clouds and private databases are open source, developers find it difficult to question how these applications work. Therefore, the selection of consortium chain platforms still needs to be made based on specific circumstances.

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