#Blockchain Best Practices : Blockchain Fit Assessment #Framework

Globally Leapfrog in adoption of #blockchain & #digital #innovation
- Government- Japan , Australia , #Estonia , Canada , Dubai
- Healthcare , Financial Institutes , Banks
- Environment , Renewable Energy & #Agriculture
- Manufacturing with #IoT
A : It is important to 1st select the right use-cases to implement a Blockchain based solution.
B :How to select Right use Case for better Profitability ?
- Multiple parties having low levels of trust, transact with each other.
- Applicable in areas where same transaction information is getting stored across disparate systems / databases.
- Time sensitivity of data, cost of #reconciliation, need for #data #security, and requirement for #authentication.
C : Questions to Use Case Fit Framework -
1. Time Sensitivity -Transactions benefit from being real-time or synchronous?
2. Intermediatery - High fees & Latency due to intermediary?
3. Manual Processing - Process involve manual operations & Reconciliation?
4. Trust - Trust among participants required?
5. Authentication - Documentation paper-based?
6. Golden Source - Data consistency an issue?
7. Transparency - Multiple participants involved?
Source : https://lnkd.in/eDhjq39 #Deloitte
