Search…
Blockchain for Enterprise

Blockchain = Database + Network

    1.
    Transparent
    2.
    Immutable
    3.
    Distributed
    4.
    Encrypted
    5.
    Redundant

Blockchain Economy

    Consensus
    Mining and fees
    Assets (coins, tokens and else)
    Network effect

Benefits for Enterprise

    Reduce costs with automation
    Decrease risks with better data
    Improve customer service through trust and transparency
    Power up new products and channels

Use case conditions

    Involves multiple parties
    Involves new intermediaries
    No need for a central trusted authority for executing various transactions
    Accurate record of the date and time of each transaction needs to be captured
    Retroactive manipulation of data is not encouraged
    Multiple uses of the same data is possible by different stakeholders

Public Permissionless

    Undefined legal status
    Reputation in regards to unlawful uses (e.g. ML, black market)
    Hacks and scams
    Scaling
    Volatility of rates and fees

Private / Permissioned

For Consortia / Government Uses

Hybrid (semi-public)

Example: Escrow

    1.
    Buyer wants to purchase goods or services
    2.
    He sends the deposit to the escrow SC (multisig wallet with 3 parties)
    3.
    Seller sees that escrowed is filled and starts the service
    4.
    On delivery
      1.
      Buyer can release the fund
      2.
      Or seller can cancel and release the funds back
      3.
      Or attract 3rd party is attracted for the conflict resolution, which can release funds to either party and take fee out of the sum
Last modified 2yr ago