Saturday, May 19, 2018

BLOCKCHAIN INTERVIEW QUESTIONS PART 4 - What's a good blockchain use case

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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