Vivek Raman, CEO of the Ethereum-adoption firm Etherealize, says Wall Street's rush into gated blockchains is 'consortium chain 2.0.' The mechanism he's describing is checkable. His prediction about how it ends is not - and he runs a company whose success depends on the answer. T...
What is a ‘consortium chain,’ and what happened the last time Wall Street built one?
其他语言标题
- EnglishA consortium chain is a type of blockchain where the consensus process is controlled by a pre-selected group of nodes, typically representing multiple organizations that collaborate under a shared governance framework. Unlike public chains, access is restricted, but unlike private chains, it is not controlled by a single entity. The last time Wall Street built one was with the formation of the Enterprise Ethereum Alliance (EEA) in 2017, alongside projects like R3’s Corda and the Hyperledger Fabric-based initiatives. The EEA brought together major banks, tech firms, and startups to develop standards for permissioned blockchain applications in finance. However, many of these early consortium efforts struggled with slow adoption, governance disputes, and limited interoperability, leading to several high-profile pilots being shelved or pivoting to private, single-entity solutions. The most notable outcome was that while the technology matured, the consortium model itself largely gave way to more focused, production-ready platforms like Corda and Fabric, which are now used in specific trade finance and settlement use cases rather than broad Wall Street-wide networks.
- 한국어'컨소시엄 체인'이란 무엇이며, 월스트리트가 마지막으로 이를 구축했을 때 무슨 일이 있었나요?