There are different implementation strategies that organizations can look at to implement a blockchain network. These are as follows:
- All stakeholders own and maintain a node on the blockchain network. This node can be on-premises or on a cloud platform.
- A cloud-hosted blockchain network is operated by a trusted service provider. Organizations can view data and information and submit transactions based on access control. This is known as Blockchain as a Service (BaaS).
- Accessing a public permissionless blockchain to record data so that it cannot be tampered with. A good example is storing the hash signature of a document to the public Bitcoin or Ethereum network. The transaction ID and the document is then shared ...