What's
a good blockchain use case?
·
In finance, blockchain networks allow securities trades to be
settled in minutes rather than days.
·
In supply chains, blockchain networks allow the flow of goods
and payments to be tracked and logged in real time.
To determine whether your use case is a
good fit for blockchain, ask yourself these questions:
1. Is a business
network involved?
2. Is consensus
used to validate transactions?
3. Is an audit
trail, or provenance, required?
4. Must the record
of transactions be immutable, or tamper proof?
5. Should dispute
resolution be final?
If you
answered yes to the first question and to at least one other, then your use
case would benefit from blockchain technology.
A network always needs to be involved
for blockchain to be the right solution
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