Blockchain can solve these challenges

The proposed business case and its interactions are an ideal candidate for migrating to a blockchain-based system. Before we take a deep dive into the solution, let's start by once again visualizing the business case to see how we would use a blockchain, as shown in the following diagram:

Our original business network, modified to show how the participants interact with the smart contract on the blockchain

As you can see in the preceding diagram, our business case now has a component called a smart contract. Here, it is portrayed as a central component, but it actually runs on all participating nodes (peers) ...

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