Assessing Use Cases
Potential Use Cases
Record Keeping
- Static Registry – Land title, Food Origin, Patent
- Identity – Identity Fraud, Civil records, Voting
- Smart Contracts – Insurance, Trading, Music
Transactions
- Dynamic Registry – Fractional investing, Supply Chain
- Payments – Cross-border, Claims
- Other - ICOs
Assessing Costs & Benefits
Benefits of blockchain technology?
- What problem or ‘pain point’ is being solved for stakeholders? For a company?
- What value is being created or captured?
- What are competitors doing to address similar ‘pain points’?
- Why is blockchain technology the best solution?
What are the specifics of the blockchain use case?
- Which costs of verification or networking can be reduced?
- Which transactions need recording?
- Which stakeholders need write and read access to ledgers?
- What is the customer interface and how is it better than current interface?
Costs of technical challenges and transition?
- What tradeoffs of scalability, performance, privacy & coordination are necessary?
- Can Permissioned blockchain adequately address use case?
- How can broad adoption be realized?
- Are net benefits sufficient?
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27 February 2022
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