CHAPTER 3

CONSORTING WITH THE ENEMY

Consortia are playing a critical role in blockchain development. Like the blockchain-inspired solutions they have helped bring to market, consortia take many forms. Some align organizations in a genuine collective model to pursue common goals; others represent the vision of a single, powerful entity exerting influence over industry subordinates. Although some people may view the latter as a partnership or joint venture more than they see it as a consortium, we take an expansive view of a consortium, that is, any group of companies or organizations working toward a goal that individual members cannot achieve on their own. From this perspective, consortia are behind the majority of enterprise blockchain solutions ...

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