Consortium originated in 1829, "fellowship, association," from Latin consortium "fellowship, participation, society," from consors (genitive consortis.) The present standards for blockchain are developing rapidly with a growing number of companies joining together to set standards and develop new infrastructures. The consortia are forming globally in the fields of healthcare, financial services, and logistics. Two types of blockchain consortia are business-focused and technology-focused. Business-focused consortia are building blockchain platforms used to solve problems. Technology-focused consortia are building reusable blockchain platforms based on technology standards.
Where is the new field of blockchain platforms heading? The financial services industry is taking the lead building consortia due to the access to funding. Governments and regulators are soon to follow. The strategies used to deploy consortia are; funding, membership, leadership, and governance. Mitigating risk also plays a large role in deploying consortia. The future is bright for blockchain platforms. Who will build the first viable blockchain ecosystem?
Participation, decide to play or sit out, fear is no option