You don't say whether it is a roller blind or Venetian/vertical
On the roller blind there is a joint section. One of the "beads" is a
tube instead of a sphere. The whole length of the chain is needed to
work the roller. The join bead provides a stop to prevent overrun. It
can't be shortened as the blind wouldn'tf ully open/close
One the Vertical/venetian blind the chain (that rotates the slats) is
endless.
But only a short length of it is in use so you can cut the chain and
there is then no dangerous loop. You could fit a "bobble" of some sort
on the ends so you can catch them more easily.
The real danger arises from the string (which moves the slats) which
is used full length and so can't be cut.
The only thing you can do is shorten the loop so it is well out of
reach. The ends of the string are located in the first part of the
blind to move when you pull it.