Consortium Blockchain(s) the astute answer to Mass Adoption of the Technology, lets solve interoperability problem

The future of successful Blockchain implementations will be in the realm of Consortium based blockchains.

By now, the industry has understood that unless there is a real need to be tuned into a Private network , consortium Blockchains which are mostly public chains are where “trust & value exists” and a potential answer to the Blockchain promise...

Mass adoption leads to Network effect & further leading to consortium genesis. Unless we are solving for a global issue bringing parties together seamlessly into an algorithm of collaboration and visual trust , we will have an immutable ledger full of redundant garbage replicating the current state in a more complex way.
(image courtesy By christoph robausch, AT ,the Noun Project)

To that effect Private semi focused blockchains that depict the extension of a SaaS on steroids version of the blockchain will only address the metrics of a specific company or brand and not serve “humanity at large”

Today’s example for a typical consortium is the marketplace and still suppliers and customers shy away from conducting commerce on such platforms , reason being they feel they might loose their creative , pricing , feature & competitive edge over their competition when there lies a direct parity check of a catalog to compare and choose from. 

For consortiums to be successful , primary mindset shift needs to happen in all the parties in a process. Parties need to be open towards an ecosystem and economy of prosperity from a customer standpoint.

Some Consortiums that have started small but with a global vision have a mention below , before jumping in..... remember that consortiums can be successful only if enterprises are altruistic towards a global cause and agree to node-into the consortium typical examples: Ex Plastic Chain, Battery Alliance EU, Ocean Plastic Project and many such cause based consortiums that the world economic forum is driving for the betterment of humanity at large....

I wish there was a taxonomy based global consortium repository so that we could preach the on-boarding principle to influencers and peers that have the power to make decisions and become a node and contribute for a cause....i have decided to build one and i will publish it in a few months from now...

Broadly, two types of consortiums exist. also there is a third mash up of the 2 that lies in between 1, 2 as some private->public transformed blockchain took traction midway through adoption and spread viral now to become a consortia.

1. Business driven. These, aim to build and operate blockchain-based business platforms to solve a specific business problem. E.g. — examples are Maersk, Digital Trade Chain, VAKTT, PlasticChain, R3.
2. Technology/platform driven. They seek to develop reusable blockchain platforms based on technical standards. An example is Hyperledger.

Maersk is one of the reference points for a business focussed consortium blockchain for container tracking across the globe, feeds into its theory of reducing friction in trade compliance and faster cross-border document approval life cycles.

Auto industries can have their own consortium chains for common ground metrics so does the healthcare and the Pharma vertical or any other segment like Oil field , retail. When I worked at DaimlerChrysler we were working on a GM Federated Portal inclusion and collaboration project for AG auto consortium suppliers to connect and collaborate on the Covisint portal for Mercedes group of companies, a consortium that would benefit from common parts sourcing, fighting against the spurious and counterfeit markets and eradicate any jailbreaks into the authentic auto industry BOM (Bill Of Material) and AfterMarket spare parts dealer pursuits.

Read this post for insights into 18 important consortia:https://medium.com/blockchain-blog/18-blockchain-consortia-you-should-know-about-6262b6a30ba9

I'd like to conclude that companies/power houses that have the power to drive such changes that touch and impact humanity at large must carve these consortiums and the most awesome mindsets out there must solve the technology constraint of making several consortiums interoperable so that the eco-system at large comes together to make the consortium concept a success, unlike other technology areas like AI, Machine Learning or Big Data that are more captive driven, Blockchain happens to be more of a inter-company team player inclusive mindset to be successful.