When approaching future decentralized software solutions, the Consortium model is particularly helpful for rivals to organize themselves, as cooperation is required to utilize the full advantages of blockchain technology. As the competitors realized that blockchain is a team sport, a new term “coopetition” is formed which means that while still being strategic rivals, competitors and other members of the same industry who are investigating and experimenting with Blockchain technology may organize a variety of consortia to advance or create cooperative Blockchain digital platforms. They may, for instance, continue to engage in competition by creating competing applications on top of the blockchain platform they are jointly maintaining.