Decetralized Finance
Green Finance
RegTech
Insurtech
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
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Last modified 2yr ago