Related Posts
Additional Posts in Everything crypto
Anyone use Coninhood app? Any user reviews?
Trivia question: What asset is this?
Buy and HODL?
Couldnt HODL anymore 😩
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
Learn about the technology first (highly recommend Mastering Ethereum) then check out Quorum (originally developed by JPMC) to see what use cases are out there. Azure has a managed solution for Quorum now that lowers the barrier to entry for enterprises in the financial services sector.
None of these examples really require blockchain.
Totally agree. As a software engineer most of these use cases can be solved by a well architected system with Apache Kafka for the append only ledger and a solid encryption scheme. They don’t really want decentralization they just want to use a buzzword
I’ve searched far and wide but yet to find a regulated financial services use case that requires blockchain vs current technologies in use as well immutable ledgers. However financial services are ripe for RDD(Resume Driven Development) so look at all the marketing from Ripple as a reference..
https://www.mckinsey.com/industries/financial-services/our-insights/blockchains-occam-problem?cid=soc-app
IMO start with the value / use case first vs technology first - unless Ofcourse the interest is more on RDD (Resume driven development) and associated Exit Ops. The technology - block chain or otherwise is the easy / commodity part frankly..
KYC
Audit - real time reporting
To be clear, I’m not saying RDD is a bad thing. Plenty of consulting companies do R&D on a customer’s dime and many leaders (incl CIOs) spend money on cool technology that has little business purpose or value - often technology leaders are most proud of such implementations as they are also into RDD.
Finally while we normally follow chicken 3D Prints egg - in that business value should drive technology, on occasion, cool purposeless technology implementations have helped with value realization in failing with a bang, waking people up and allowing a real value driver to be kicked off.
So don’t let this thread stop you from implementing block chain for clients where ROI is negative or there are better and easier solutions to said problem. Both you and the client can learn a lot from negative ROI scenarios.