You may be fascinated by blockchain technology, hearing about all those breaking projects, and thinking about bringing it to your organization. If you have worked it is business for some years, you probably know there are rarely simple yes or no answers to the questions. Having said that, if the idea is: let’s take any relational database and change it into a blockchain network.
Let’s take together six steps to assess six aspects that help indicate if the organization is ready for the blockchain project.
And then as a bonus topic, we will mention the easiest way to decide between a public and a private network.
A consortium is a way for businesses to join forces and reach goals they can not rthemselves. In a consortium, trust needs to be gained, so it’s beneficial when the technology transparency and following the rules. A distributed ledger is a way to achieve that.
Analyzing aspects of the use case against readiness for the blockchain project isn’t simple task, but there is a group of indicators if the blockchain can abring value to your idea. I presented 6 of them with descriptions. I hope they helped a the general blockchain or non-blockchain direction.
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3 comments on this post:
Kathryn Murphy
August 26, 2022It is a long established fact that a reader will be distrac readable content of a page when looking at its layout. The point of using is that it has two.
Darrell Steward
August 26, 2022It is a long established fact that a reader will be distra readable content of a page when looking its layout. The point of using.
Ronald Richards
August 26, 2022It is a long established fact that a reader will be distrac readable content of a page when looking at its layout. The point of using is that it has two.