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Consortium blockchains can exist between public and private chains and contain elements of both types. The most obvious difference between such chains compared to others may be the level of consensus. Instead of an open system where anyone can verify blocks or a closed system where block producers are appointed by a single unit, there are few strengths working as validators in consortium chains. Therefore, it is positioned between public and private chains.
The rules of the system can be bent. For example, the visibility of the chain can be limited to validators, the chain can only be viewed by authorized persons or by anyone. Changes can be made quickly if validators agree.
A consortium blockchain can be most useful when multiple organizations need a common space to operate in the same industry and share knowledge. Organizations can be beneficial as participants can share their knowledge with other participants in the industry.
Public, private and consortium blockchains are not in competition with each other. They are just different technologies from each other:
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