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By nature, they are better suited for few companies that want to use the features of blockchain without publicly sharing data on the web. Based on group of equally strong participants of the network, functioning as a block validators.
Adapted to companies
A consortium Blockchain can be described as hybrid of public and private blockchain. It joins elements and assumptions from the both blockchains. Instead of open system or central authority, consortium consists of group of equally strong participants of the network, functioning as a block validators. A consortium blockchain will work when organizations want to improve communication and data transfer between themselves.
With Hyperledger Fabric we can decide ourselves whether our network and transactions will be public, or if the transactions will be visible only to some participants. We can define the configuration of the blockchain network and the rights of individual organizations and users, which directly affects the performance of solutions. Hyperledger Fabric creates our own permissioned network - where users have to be authenticated. It finds application wherever market participants have conflicting interests and thus do not naturally trust each other. An important element of the Hyperledger blockchain network are the so-called smart contracts. Smart-contract is a programming code describing the business logic of the transaction, run each time on the blockchain network nodes of individual participants and writes the result of its operation to the incremental blockchain registry.