Blockchain for Enterprise

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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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Dapps / Wallets Development

Last modified 2yr ago

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Contents

Blockchain = Database + Network

Blockchain Economy

Benefits for Enterprise

Use case conditions

Public Permissionless

Private / Permissioned

Hybrid (semi-public)

Example: Escrow