When transitioning from business use case analysis to the blockchain application architecture design phase, it is important to keep an open mind and eliminate any notions of cryptocurrencies such as Bitcoin, Ethereum others that have followed. Although blockchain is often used interchangeably, many of the challenges associated with crypto world (length of time to reconcile distributed ledgers, security compromises, energy inefficiency, regulatory hurdles etc.) are not representative of every blockchain use case.
The reality is that when designed well, a blockchain network is secure, economical and efficient for the reasons below:
- Virtually eliminates duplication of effort as ...
