Why is block chain a great modern tool? First, the conversation around the block chain has been dominated by bitcoins and encrypted currencies, which we know little about because of its complexity and danger.
Block chains have private and public block chains, some operate only within one organization, others cross organizational boundaries, some require permissions, and others do not. Some are private, some are public, such as bitcoin. But at their core, they deal with the thorny issue of trust, verification, commitment and commitment. IfTo overcome these problems, there is no obstacle to frictionless transactions.
Block chains and legacy systems complement each other, and legacy systems form the basis of many, if not most, businesses. By building a microservice-oriented chunk-chain data layer, new user experiences can be built on top of these legacy systems. This means that the block chain makes it possible to move forward to modernization and step by step.In other words, block chains are a great modern tool that can be combined with other tools and technologies. You do not have to abandon existing business line applications to get the benefits of the block chain.
However, a new way of thinking is needed to link the blocks to Blockchain. Yesterday’s waterfall method will not and will not apply. New technology needs more flexible, faster, agile methods and powerful processes. Opportunity will only appear in the right mindset. Everything is young.And then scale up. For believers like Block Chain, there is no need to perform proof-of-concept to ensure that the business gets what it needs from a purely technical point of view. The challenge is to find the right use cases and achieve the desired business results.