Consortium Capabilities for Enterprise Blockchain Success

Abstract

Enterprise blockchain projects have great promise. They can cut costs and promote efficiency through disintermediation, increase transparency for tracking intercompany transactions, expand knowledge through consortia databases, and improve workflows through shared business processes. Despite its potential, blockchain technology has failed to produce promised benefits for enterprise networks. While the underlying technology has advanced rapidly, managerial capabilities needed to form and manage blockchain consortia have lagged, and as a result, few consortia have succeeded. This chapter reviews the extant literature on blockchain consortia and provides a framework that identifies (1) foundational conditions that precede effective consortium formation, (2) capabilities required for effective consortium functioning and evolution, and (3) partner and ecosystem-level outcomes associated with successful blockchain projects.

RSETP: A Reliable Security Education and Training Platform Based on the Alliance Blockchain

“…As a key technology for decentralization and distributed ledgers, blockchain is stored in a chain structure. A chain is formed according to the hash value order of the block, and each block includes a block body and a block header [25], as shown in Figure 1. The block header loads the metadata of the block, for example, the timestamp and hash of the previous block.…”