Blockchain for Enterprise
- 1.Transparent
- 2.Immutable
- 3.Distributed
- 4.Encrypted
- 5.Redundant
- Consensus
- Mining and fees
- Assets (coins, tokens and else)
- Network effect
- Reduce costs with automation
- Decrease risks with better data
- Improve customer service through trust and transparency
- Power up new products and channels
- 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
- Undefined legal status
- Reputation in regards to unlawful uses (e.g. ML, black market)
- Hacks and scams
- Scaling
- Volatility of rates and fees
For Consortia / Government Uses
- 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