Is Blockchain For You?

Verify blockchain as the correct solution.

About

Strong Use Case

Once you’ve confirmed you have a viable use case, it is time to verify that blockchain is the correct technical solution. Several industry-tested tools can help you achieve this. One of these is called The Hype Test (RMIT 2021, Blockchain strategy)

Completing this test is simple. Just answer each question in the decision tree and it will lead you to your answer.

Development

Roadmap

Do multiple parties need to view or interact with the data?

Do you require high performance, rapid (millisecond) transactions?

Do you need to store large amounts of data as part of your solution?

Is there mistrust between the various parties viewing or interacting with the data?

Are there third parties that everyone can trust?

Do multiple parties need to update or change the shared data?

Is the goal to disintermediate existing trusted third-party relationships?

Will all parties that update data be able to agree on the rules of who/how/when data can be updated?

Will there be enough network participants to reach a consensus about what is a valid transaction?

If permissions are required, can agreement be reached on who/how user rights will be granted?

Start using blockchain for immutable and/or external audit.

Start building your business case on blockchain.

No blockchain (use shared database)

Use a private database.

Use a shared database/ledger.

Use a trusted third party.

Reconsider who participates in your blockchain network.

Solve your user identity and/or permissions problem first.

15 + 1 =

How

Preventing Data Loss

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

TESTIMONIALS

What People Are Saying

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
Theresa Reeves

Extra Space

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
Ada Leonard

Monarch Inc

We're Here To Help!

5 + 14 =