Consortium Blockchain Examples And Characteristics Training Ppt

Slide 1

This slide illustrates the concept of consortium blockchain technology. It also contains information regarding the introduction, and examples of consortium blockchain.

Slide 2

This slide illustrates the characteristics of consortium blockchain technology, such as faster speed, lower transaction costs, lower energy consumption, and no risk of 51% attack.

Instructor’s Notes:

The different characteristics of consortium blockchain are as follows:

• Faster Speed: The consortium blockchain provides a faster output compared to public blockchains. This is an improvement over public blockchains
• Lower Transaction Costs: Everything in the consortium blockchain is regulated, so the fee remains the same no matter how many users are on the network
• Lower Energy Consumption: In consortium blockchain, verification of all transactions and documents requires lower energy consumption than the public blockchain
• No-Risk of 51% Attack: The consortium blockchain offers greater degree of security and protection against the 51% attack

Slide 3

This slide showcases the benefits of consortium blockchain technology, such as control, security, and privacy.

Instructor’s Notes:

The different advantages of consortium blockchain are as follows:

Control:

• The consortium blockchain is controlled by multiple groups and is protected from monopoly
• Each member in the consortium blockchain settles and enables them to establish their own rules, change or cancel incorrect transactions, modify balances, and perform other actions

Security:

• Only selected members do validation and verification of nodes to avoid the 51% of attack
• Individuals violating rules are identified immediately and charged with penalties

Privacy:

• The information shared in the consortium blockchain is kept private and not disclosed to the public 
• It creates a significant level of trust and confidence for clients of the platform

Slide 4

This slide illustrates the demerits of consortium blockchain technology, such as unstable relationships, lack of economic model, flexibility issues.

Instructor’s Notes:

The different disadvantages of consortium blockchain are as follows:

Unstable Relationships:

Lack of Economic Model:

Flexibility Issues:

• The process of launching the consortium blockchain is susceptible
• All members must give their approval to the protocol for communication
• Since enterprises have little flexibility in making changes independently, thus that a broad network exists between enterprises is often significantly delayed