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A third route to blockchain adoption: tech vendor interoperability

enterprise blockchain adoption vendor networks

There are two accepted routes to rolling out an enterprise blockchain network. One is to create a consortium, which has proven to be predictably slow. The other is to start with a lighthouse client, build the solution faster, and add other enterprise participants later. Based on what’s happening in the market, a third route of vendor interoperability is emerging.

While many enterprise blockchain networks include one or more technology suppliers, the route explored here focuses on vendors as the primary participant. 

This road to market involves aggregating the technology suppliers that serve the industry and enabling their solutions to interoperate while these tech vendors retain their own clients. The advantages are the vendors have many clients, accelerating the blockchain’s reach through a network of networks. And the blockchain network’s primary participants are technology companies making integration exponentially faster.

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