Top 5 Questions for Choosing a Blockchain Technology

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It is important to note that certain protocols
are suited to certain use cases, and
time-to-value can be accelerated by leveraging
existing networks that already exist.
Note- I will give you a series of questions to
consider when selecting a distributed ledger
technology
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Is The Protocol Open Sourced Openly Governed?

• Simply posting code on an open developer site is
  not enough there needs to be a governing body
  which maintains the code in line with enterprise
  needs.
• Hyper ledger openly validates the inputs through
  the Technical Steering Committee to ensure
  innovations are supported which harden blockchain
  for business.
• Hyper ledger Fabric demonstrates Hyper ledger's
  willingness to support continuous innovation for
  enterprise needs.

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Who Will Be a Part of The Network?

• The next key question for an organization is who
  are the intended participants of the blockchain
  network?
• Participants can include business partners,
  application providers, regulators or even
  competitors.
• Enterprise protocols rely on single organizations
  to act as gates to approve participants as well
  as transactions.

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What Use Case Will Drive Transactions on The
Network?

• Protocol is the types of transactions that will
  be submitted to the network.
• If the transactions are for an arbitrary asset
  type as in defined for the network representing
  a physical or digital asset a programming model
  like Hyper ledger Composer can be used to model
  the assets, participants transactions.
• This can then be deployed to a running instance
  of Hyper ledger Fabric.

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How Does Blockchain Meet the Other Key Enterprise
Requirements?
Scalability- Distributed ledger technologies
must be able to scale as the network grows in
terms of both transactions and participants.
Regulatory Risk- One of the biggest open
questions in the blockchain space is the
regulatory perspective on crypto currencies as an
application of distributed ledger technology.
Skills Availability - The blockchain space has
seen a number of high profile data and asset
breaches due to the immaturity of new programming
languages.
Support - Like any enterprise application, there
needs to be an appropriate level of support for
the entire stack.
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