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Three Blockchain Models
Public (Permissionless): Anyone can participate as user, validator, or developer. No approval required. All transactions visible to everyone. Examples: Bitcoin, Ethereum, Polygon.
Private: Only one organization controls the network. Effectively a distributed database with blockchain properties (audit trail, immutability). Single-party trust. Example: a bank's internal settlement blockchain.
Consortium (Federated): Multiple organizations govern the network together. Permissioned — only approved organizations participate. Some privacy possible (Fabric channels). Examples: IBM Food Trust, DSCSA pharmaceutical networks, R3 Corda banking networks.
Decision Framework
When Each is Correct
Use Public blockchain when:
- Issuing tokens (requires public liquidity and trust)
- DeFi protocol (composability with other DeFi requires shared environment)
- NFTs (requires public marketplace access)
- Any application where censorship resistance or public auditability matters
Use Consortium blockchain when:
- Multiple competing organizations must share data
- Healthcare consortium (hospitals, insurers, pharma)
- Supply chain with multiple organizations
- Financial settlement between multiple institutions
- Any multi-party data sharing with privacy requirements between participants
Use Private blockchain when:
- Single organization needs audit trail for internal processes
- Regulatory requirement for immutable records (one company's records)
- Predecessor step to consortium (prove concept before involving others)