Table 5

Emerging blockchain innovation ecosystems, their orchestrators and roadmap to change

Innovation ecosystemBusiness ecosystemPreferred orchestrator
Open innovation ecosystem, e.g. public blockchain platforms such as Ethereum
  • Business model: non-profit

  • Business case example: blockchain for tracking accountability in design provenance

  • New value created

    • Collective/community goals* (9)

  • Open-source consortia (4)

  • Large companies (3)

  • Owners and maintenance (2)

Hybrid innovation ecosystem, e.g. permissioned blockchain such as R3 Corda
  • Business model: Non-profit or for-profit

  • Business case example: Blockchain-based BIM platforms

  • New value created

    • Collective/community goals* (3)

    • Individual/commercial goals** (3)

  • Software vendors (1)

  • Insurance firms (1)

  • Communities (1)

  • SMEs (1)

  • Contractor (1)

  • New organisations formed (1)

Closed innovation ecosystem, e.g. Hyperledger Fabric private and permissioned blockchain (also known as enterprise blockchain)
  • Business model: For profit

  • Business case example: Blockchain-based platform for streamlining real estate transactions

  • New value created

    • Individual/commercial goals** (5)

    • Collective/community goals* (2)

  • Contractor (5)

  • Tech companies (1)

  • Owners and Mmaintenance (1)

Note(s): *Collective goals in value creation relate to how more than one member of the ecosystem will be benefitted

**Individual goals in value creation relate to how only one member of the ecosystem will be benefitted commercially

In brackets, the number of interviewees supporting the idea is shown

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