Blockchain taxonomy refers to the classification system used to categorize different types of blockchain technologies and their applications. It helps users, developers, and researchers understand the diverse landscape of blockchain systems.At its core, blockchain taxonomy can be divided into several categories based on criteria such as permission levels, consensus mechanisms, and use cases. For instance, blockchains can be classified into public, private, and consortium types, depending on who can access and validate transactions.Another important dimension is the consensus mechanism used, which determines how transactions are verified. Common methods include Proof of Work, Proof of Stake, and various delegated mechanisms.By establishing a clear taxonomy, stakeholders can more easily evaluate which blockchain technology best suits specific needs, whether for financial services, supply chain management, or other applications. This organization also aids in tracking developments and innovations within the blockchain ecosystem, fostering better communication and collaboration among participants.