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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.

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Top 5 Questions for Choosing a Blockchain Technology

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  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

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