BCA: BLOCKCHAIN CONSORTIUM ALGORITHMS

Abstract

Because of its potential to upend established industries and alter how apps are developed, run, used, and promoted in the near future, blockchain technology has recently gained growing interest on a global scale.Although this technology was initially intended to be an immutable and distributed ledger for avoiding cryptocurrency double spending, it is currently anticipated to serve as the main support system for businesses by facilitating interoperability and collaboration across firms.In this setting, consortium blockchains have come to light as an intriguing architectural idea that makes use of the decentralized governance of public blockchains while gaining the efficiency and anonymity of private blockchains for transactions.Despite the fact that blockchain technology has been the subject of several research, the idea of consortium blockchains has received very little attention in the literature.This article offers a thorough examination of consortium blockchains' topologies, technological underpinnings, and applications in order to close this gap.