Shared ledger technologies promise to create a new age of the consortium. There is significant potential to reduce transaction and record-keeping costs, streamline business operations and enable new business models by using shared ledger technologies.
This paper discusses the differences between private shared ledgers and public blockchain to support commercial consortia. It then identifies the critical choices to be taken in forming a consortium, including the necessary components of a governance and operational framework.
Lead authors: Bernadette Jew and George Samman
Contributing authors: Charles Coorey, Peter Reeves, Simon Burns and Simon Gilchrist
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