This list is the most comprehensive and comparable information on the formation and evolution of blockchain consortia across industries and geographies. Alongside the list of consortia, we also offer the list of senior industry executives that are driving these consortia. Please see the snapshot of the information that is available and sign up for a free demo to check how we deliver this information through our SIA platform.
Senior Executives driving blockchain consortia
Industry Focus of Consortia
While the banking and financial services sector still dominates the overall list of consortia. Increased traction has been seen from a variety of other sectors. This is a positive trend and indicates wider adoption of the technology. This is evident from the fact that while this sector constitutes more than 30.7% of all blockchain consortia, its share in the consortia that started in 2019 stood at only 24.4%. Healthcare was the sector that saw strong momentum in 2019, as far as new consortia formation was concerned.
Year of Consortia Formation
Size of the consortia
Why Blockchain Consortia intelligence?
As the Blockchain technology separates itself from the cryptocurrency frenzy, enterprises around the world are trying to find effective, viable, scalable, and sustainable use cases of this technology. Blockchain is a distributed technology and it requires confidence and collaboration from all participating stakeholders, to be most effective.
As Steve Jobs put it aptly a few years ago – “Great things in business are never done by one person. They’re done by a team of people.” We can take this quote and apply it in the context of blockchain technology. It would read something like – “Great things on the blockchain are never done by one organization. They’re done by a consortium of organizations. Today, blockchain technology has several strong use cases in each industry but requires collaboration among industry stakeholders to test, pilot and commercialize these blockchain applications. This urge is driving the formation of multiple industry consortia, and this rate of formation of consortia is only increasing.
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Dig deep into how blockchain consortia formation in different industries has evolved, what use cases are these consortia focusing on, and what benefits are the participating enterprises expecting?