Now consider the following potential obstacles when using a consortium blockchain:
- Bringing the consortium together: When setting up a consortium blockchain, the first challenge is bringing all participating entities together, and just as with any IT integration project, reaching a consensus about the architecture of the network, the data model, smart contracts, network governance, regulations, and so on. Every entity may have their own opinion, and how long the initial setup of the consortium takes is dependent on the size of the consortium at the start. By way of comparison, when deploying an application on a public blockchain, the network and governance of the nodes is already in place. Try to keep the initial consortium simple, ...
