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Blockchain consortiums enable multiple companies to track the efficiency and process of their industry. The consortium’s end result could vary from establishing a cryptocurrency to a blockchain-based system of smart contracts for use within an industry. The solutions are almost limitless, and the transparency and cybersecurity of the blockchain has encouraged various industries to adopt the technology and create consortiums.

Victoria Hudgins

I am a reporter for Legaltech News, where I cover national and international cyber regulations and legal tech innovations and developments.

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