Identifying Use Cases for Distributed Ledger Technologies
Just came across that short whitepaper from the World Economic Forum (Blockchain Beyond the Hype) and liked that flowchart of when to apply Blockchain (call it rather Distributed Ledger Technologies, #DLT) as well as the characteristics of highâ€potential use cases:
- Shared repository: A shared repository of information is used by multiple parties
- Multiple writers: More than one entity generates transactions that require modifications to the shared repository
- Minimal trust: A level of mistrust exists between entities that generate transactions
- Intermediaries: One (or multiple) intermediary or a central gatekeeper is present to enforce trust
- Transaction dependencies: Interaction or dependency between transactions is created by different entities
Alone these two info bites from the whitepaper address most of the beginner questions in the typical Blockchain discussions - and there is also a nice example use case with references to the characteristics!
A must read...