November 19, 2018

Blockchain Consortia – A Collaborative Disruption led by Tech & FinServ

Of all the tech marvels out there which are changing FinServ and other industries, Blockchain has always been one of a kind – it thrives on collaboration. It is an ecosystem-level technology which promises huge cost/operational efficiencies when working in an interconnected ecosystem. In the last few years, while the buzz around cryptocurrencies, ICOs, and now STOs has grown, there has been another major theme around the global business community pertaining to blockchain – the emergence of Blockchain consortia. As of this date, there are more than 60 blockchain consortia – as per Gartner’s Blockchain toolkit – which are leading blockchain development and deployment initiatives across several industries around the world. Some notable examples: R3CEV, a distributed database technology company leading a consortium of more than 80 FIs in blockchain R&D. Hyperledger, an umbrella project of open-source blockchain and related tools, founded by the Linux Foundation. It is focused on…

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