Consortium Blockchain Examples And Characteristics Training Ppt
These slides cover the attributes, benefits, and limitations of consortium-type blockchain, a semi-decentralized blockchain in which more than one organization operates a blockchain network.
These slides cover the attributes, benefits, and limitations of consortium-type blockchain, a semi-decentralized blockchain..
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Presenting Consortium Blockchain Examples and Characteristics. These slides are 100 percent made in PowerPoint and are compatible with all screen types and monitors. They also support Google Slides. Premium Customer Support is available. Suitable for use by managers, employees, and organizations. These slides are easily customizable. You can edit the color, text, icon, and font size to suit your requirements.
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Content of this Powerpoint Presentation
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:
- In consortium blockchains, companies of different sizes, intentions, and expectations cannot work together due to data privacy concerns, which leads to instability and the failure of business relationships
Lack of Economic Model:
- Consortium chains lack tokens to motivate developers and entrepreneurs to develop and use their blockchains, thus missing out a viable 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
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