Organizations will need to establish criteria for use during the application design process to help them assess where they can best apply blockchain technology. The following are some examples of criteria that could help an enterprise determine which applications or systems would benefit from it:
- Applications that adhere to trade, trust, and ownership: As described previously, these three tenets—trade, trust and ownership—are fundamental to any blockchain system. Trade and ownership imply the churn and the transfer of ledger entries, while trust points to the trustless nature of a transaction system.
- Applications that are fundamentally transactional in nature: There is often a debate about why we can't achieve ...