Conference Paper
Techruption Consortium Blockchain – what it takes to run a blockchain together
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Text/Conference Paper
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Date
2018
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Volume Title
Publisher
European Society for Socially Embedded Technologies (EUSSET)
Abstract
This paper presents initial results of the Techruption Consortium Blockchain experiment. The purpose of the experiment is to learn what it takes to run a permissioned consortium blockchain infrastructure together, not only from a technical perspective, but also governance and business model. The experiment turned out to be surprisingly complex, running into buggy open-source software, extensive firewall and connectivity issues, a complex legal context, a plethora of governance issues, many business model alternatives, and an ever-present human resource limitation. Based on our experiences, we conclude that instead of developing dedicated technical infrastructure, governance and business models for each blockchain application individually, there is a need for a shared blockchain infrastructure with basic governance and business models to spur further innovation in blockchain applications and enabling technologies.