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" ... Finally, no discussion about tradeoffs is complete without mentioning permissioned blockchains and consortiums. These general or purpose-built networks, which are often based on open source technology from institutions and companies like Hyperledger and R3, can contain as few as a handful of nodes and are often restricted to authorized users. Because only vetted parties can join these networks, an energy-intensive process such as PoW is not necessary to authenticate transactions. Therefore they utilize other consensus mechanisms that enable them to process thousands of transactions a second. Furthermore, they even have privacy-enhancing functions such as creating non-blockchain data structures that hide transactions from everyone except the involved parties, yet at the same time offer the ability for governments and regulators to have visibility into an entire system. For many enterprises, these features are requirements for any blockchain project, because placing trust in an open permissionless system with users they cannot vet is a non-starter. ... "
" ... Moving forward, VMware also constructed "a VMware blockchain service," which supplies "a permissioned blockchain for enterprise consortiums," Gluckman explained. Essentially, the service primarily deals with "building enterprise grade decentralized trust," she said. This caters to customers that desire to build a solution for a use case without one main central point of "trust," or failure. "The trust is distributed across these different consensus nodes," she said. This is similar in concept to how bitcoin has no central entity or point of failure that can be hacked to impact the asset but instead relies on numerous parties. VMware brings this concept up to a high level, capable of adoption by large enterprise players looking to incorporate such technology for various use cases. ... "
" ... Other companies such as Sherlock Biosciences and consortiums such as STOPCOVID have also made strides in building Crispr-based Covid-19 diagnostics. ... "
" ... Perhaps you're wondering why large membership consortiums will be able to control costs better than the large insurance plans. Many would agree with me that the primary incentives for the large for-profit insurance carriers are profits for their shareholders. Due to the constraints put on them by the Affordable Care Act, increased profits are often a function of increased costs. As costs go up, they can make more profits. While on the other hand, the incentive of the large purchasing consortiums is increased memberships. Their profits are a function of more members. The more attractive and cost-effective they make their individual insurance plans, the more members will join to access those plans. ... "
" ... Several large consortiums are now investing in new Rotor Sails technologies. ... "