How To Tell if Your Business or Project Require A Blockchain
Does Your Project Require A Blockchain ?
How do you find out ?
In these times...
Everyone is looking to smack "Blockchain Technology" on things.
Do you have a runny nose ? ...
Get a Blockchain.
Is your wife cheating ?
Get a Blockchain.
As if ALL needs can be blanketed with a Blockchain...
Well, let's calm down.
...Blockchain is not the solution to ALL of the problems of mankind...
In the same breath...
We have a landscape where "big business" is wedging its foot into the door-corners looking for ways to implement Blockchain into their infrastructures.
...But do they really need a Blockchain ?
I found this wonderful decision tree from Eleni Steinman via her Medium article on the subject to help you make that tough choice.
A database is a Blockchain when it is:
- Uniformly ordered
- Redundantly maintained
- Validated using cryptography
Well...
Just what is cryptography ?
Cryptography is the science of protecting information by transforming it into a secure format. This technology allows blockchains to verify users and blocks.
With this being said...
Below you can find the pros and cons of utilizing a Blockchain for your solutions:
If your needs align with the three descriptions of a Blockchain above; you may need one.
Cheers,
Native Loup
Food for thought
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by NativeLoup from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.