The block chain ecosystem is a set of technical elements that can interact to create systems that perform specific functions. The system includes multiple management structures, such as personal participation, data ownership, funds, exit, and access standards, and information shared with system participants. Block chain ecosystems can provide real detritionation, invariance, transparency, accountability and flexibility for daily operations.
Block chain ecosystems can have participants with different goals and business models in their network, and even different contributions to the network. In fact, various participants can even be a competitor. In block chain ecosystems, each participant will pay attention to themselves and they are commercialized as part of the ecosystem.
The block chain ecosystem type of the shared zone chain entry will depend on the participants in the network. This is why different types of block chain ecosystems meet the specific needs of network participants, then have several types of block chain ecosystems?
The unilateral block chain project is listed by an organization, and its stakeholders are mutually beneficial to each other by participating in the network. An example of this ecosystem is Bumble Bee Foods. They created an ecosystem consisting of various stakeholders to increase the traceability of the yellow fins rugged from the ocean to the customer’s dining table. BumbleBee Foods stakeholders include fishermen, packaging companies, transporters, distributors and retailers, and they record the details of the fish on the block chain. Customers can use the QR code to view this information. It can help increase the confidence of buyers’ freshness of fish.
Joint venture ecosystem
The joint venture ecosystem is usually by two or more organizations. These ecosystems are slowly popular and are now surpassing formal joint ventures. Creating these ecosystems is to bring together resources to achieve a common goal. The only problem in the ecosystem is that the organization of the formation of the Strategic Business Association is a new legal entity, or just signed a formal contractual arrangement. An example of a joint venture ecosystem is Bunkertrace, which is a association between Forecast Technology Ltd. and BLOC (Open Collaborative Block Lab). Bunkertrace is a marine fuel tracking solution.
Supervision block chain ecosystem
The ecosystem is composed of various government agencies that share a project and must self-report compliance. An example of a regulatory ecosystem is a shared project between the International Maritime Association and the Recycling Association. They use the block chain-based tool to capture data from the UK to transport recyclable waste.
A key aspects of all of these ecosystems provide funds for them. Typically, the ecosystem is excluded from the daily business model funds to leave a budget for the creation of block chain ecosystems because they must consider the various governance and operating costs of the ecosystem.