1 / 8

Top 5 Questions for Choosing a Blockchain Technology

It is important to note that certain protocols are suited to certain use cases, and time-to-value can be accelerated by leveraging existing networks that already exist. In this ppt, I will give you a series of questions to consider when selecting a distributed ledger technology.

Download Presentation

Top 5 Questions for Choosing a Blockchain Technology

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. It is important to note that certain protocols are suited to certain use cases, and time-to-value can be accelerated by leveraging existing networks that already exist. Note:- I will give you a series of questions to consider when selecting a distributed ledger technology

  2. Is The Protocol Open Sourced & Openly Governed? • Simply posting code on an open developer site is not enough there needs to be a governing body which maintains the code in line with enterprise needs. • Hyper ledger openly validates the inputs through the Technical Steering Committee to ensure innovations are supported which harden blockchain for business. • Hyper ledger Fabric demonstrates Hyper ledger's willingness to support continuous innovation for enterprise needs.

  3. Who Will Be a Part of The Network? • The next key question for an organization is; who are the intended participants of the blockchain network? • Participants can include business partners, application providers, regulators or even competitors. • Enterprise protocols rely on single organizations to act as gates to approve participants as well as transactions.

  4. What Use Case Will Drive Transactions on The Network? • Protocol is the types of transactions that will be submitted to the network. • If the transactions are for an arbitrary asset type as in defined for the network & representing a physical or digital asset a programming model like Hyper ledger Composer can be used to model the assets, participants & transactions. • This can then be deployed to a running instance of Hyper ledger Fabric.

  5. How Does Blockchain Meet the Other Key Enterprise Requirements? Scalability:- Distributed ledger technologies must be able to scale as the network grows in terms of both transactions and participants. Regulatory Risk:- One of the biggest open questions in the blockchain space is the regulatory perspective on crypto currencies as an application of distributed ledger technology. Skills Availability :- The blockchain space has seen a number of high profile data and asset breaches due to the immaturity of new programming languages. Support :- Like any enterprise application, there needs to be an appropriate level of support for the entire stack.

  6. To Hire Blockchain Mobile App Developer Contact us https://www.consagous.com/blockchain-services/ https://www.consagous.com/ info@consagous.com

More Related