Smart consortium foundation

We know that the foundation for a successful consortium clarity of the purpose, structure, and management arrangements. These structures must be augmented by a proper balance between means of democratic influence and command and control as well as ensuring proper checks and balances.

Breakthrough in technology has created new opportunities to translate agreements within the consortium into immutable and cryptographically verifiable logic in the forms of smart contracts thus structurally increase the trust level between parties. Smart contracts also forms the building blocks for interdomain workflow automation and as with all such process optimization the capability to manage complexity increases over time.

As for management structure there is still need for creativity as many IT industry frameworks are created to function in a more classical customer-supplier type environment. We believe in drawing inspiration from the open source community but also in keeping a dynamic approach to develop as maturity increases and consortium specific needs arises.

Independent third party

With the need to accommodate sometimes conflicting demands and ensuring consortium accountability balance comes the perfect solution in the form of a independent third party. An independent third-party is not affiliated any specific company or organization within the consortium which means that it is more objective and unbiased in its assessment. This can be especially important when there are disputes or concerns about the quality or safety of a service or project. Such third parties Often have specialized expertise and experience in different areas of inspection, such as software development, manufacturing, or quality control. This can provide a level of expertise that may not be available in-house at any of the consortium parties.

In some cases, using a third-party can be more cost-effective than staffing and maintaining an "in-house" team. This is because the organization does not have to pay for training, equipment, or other expenses related to maintaining an in-house team.

Third-parties can also help to increase confidence in the quality and safety of a service or project, as it provides an independent and objective assessment. This can be especially important for consortiums that are looking to gain or maintain a good reputation in their industry.