Why Consortium Blockchains are Failing33.6

Consortium blockchains have shown their failures throughout recent history. From R3 Corda’s crippled partnerships with its banking partnerships to the agonizingly slow Hyperledger development times, consortium chains have shown that they presently lack the economic models, partnerships, and projects to remain viable in the present blockchain landscape.

Consortium chains are permissioned blockchains available to specific organizational groups. Consortiums are intended to be used mostly in the banking industry and its related industry sectors.

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