Virtual Presents “Building a Blockchain Consortium”

Best Practices, Starting an Association : Article

On Thursday, August 15, Virtual presented “Building a Blockchain Consortium” at the Boston Blockchain Association’s meetup. Five blockchain enthusiasts from Virtual discussed how the company builds and manages blockchain associations that are taming the wild west of blockchain. The panelists’ presentations sparked discussion and questions from the audience around the following topics:

  1. The importance of standards
  2. Regulation and its impact
  3. Defining a common taxonomy framework for tokenization
  4. Developing industry use cases

Virtual Inc. panelists from left to right: Christine Nolan, Director of Client Services; Kurt Einhaus, Director of Enterprise Platforms; Melanie Tringali, Director of Marketing Communications; Jessie Hennion, Senior Public Relations Manager; and Brianna Rich, Program Manager, Client Services at Virtual. Photo by Alexa Stewart, Public Relations Coordinator.

Virtual’s blockchain-based association clients ­provide vital “know-how” for navigating the vast, and often convoluted processes required to craft technology standards, develop vertical use cases, or influence regulators and their respective agencies. At Virtual, these organizations, which come in all different shapes and sizes, can have a macro- or micro-focus. For example, the Accounting Blockchain Coalition (ABC) is focused on finance and accounting best practices, while Blockchain for Social Impact (BSIC) is focused on working with NGOs and the UN on social good initiatives, The Enterprise Ethereum Alliance (EEA) is setting standards for the use of  ethereum, and the Trusted Internet of Things Alliance (TIOTA), is working to secure and scale IoT applications using blockchain.

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