Blockchain framework  147

⚬

⚬There are various models that can be implemented to attract the

participation in a consortium.

⚬

⚬Option 1:

– Either one or multiple parties can start the blockchain eco-

system as co-founders and share the cost, risks and rewards.

– Founders and/or co-founders define and govern the rules and

standards of the blockchain eco-system.

– Once the blockchain platform and eco-system is established

and in production, they can invite other trusted parties to the

consortium and charge the license fees or mutually beneficial

cost sharing models.

⚬

⚬Option 2:

– An early adopter innovative party can invest a substantial

amount of time and money to create a full-blown blockchain

as a service (BaaS) platform for a few use cases.

– They can then charge the ‘pay as you go’ fees to interested par-

ties that want to be part of the consortium.

– A single entity establishes the rules and standards for the

blockchain platform.

– A single entity takes a leadership role to invest, own risks and

get a full reward including ownership of IPs.

7. Intellectual property issues

• Concerns: IP ownership is one of the key issues hindering blockchain

adoption

• Recommendations:

⚬

⚬Blockchain is an upcoming innovative technology. As the technology

is growing, it brings an unlimited number of opportunities with it.

⚬

⚬One of the concerns and difficulties in establishing a consortium

with different independent entities is the ownership of IPs.

⚬

⚬The party who is the sole founder of the consortium also owns the

IP; however, the problem becomes worse when there are a number

of co-founders with similar interests in the technology.

⚬

⚬Ownership of the IP solely or sharing it with parties who share the

risk and rewards needs to be sorted beforehand to have a success-

ful eco-system.

Reference: C – Technology

There are some concerns from businesses towards blockchain technology

when it comes to adopting the technology for production use cases. As the

blockchain technology is continuing to improve and mature, there are some

technological pain points that need to be resolved for a mainstream adop-

tion of the technology.