Forbes: Block chain 10 to avoid misunderstanding

nnnRampage comment: At present, many industries have to carry out the concept of validation projects, which gives an illusion that the chain has been the development of ubiquitous. But in fact, despite the limited potential of the block chain, but its scope of application is very limited. Therefore, companies that want to start testing the technology should follow some rules that can not be changed. And block-chain projects tend to have the same point of failure, which means that experienced companies can avoid these common pitfalls. Researchers from Gartner Inc. have uncovered ten misinterpretations that can be avoided when building block-chain projects.n
nnTranslation: Clovern
nMany industries have carried out the concept of validation projects, which gives an illusion that the chain has been developed to ubiquitous, and those who did not create a test project companies are gradually lagging behind the development of the times. But in fact, despite the limited potential of the block chain, but the long day will do, most of the ongoing projects are within the narrow range of the prototype, and may never be put into production. And those who want to go farther in the final project can not achieve their goals. And those who pass the value of the project to achieve the goal will not be because of the existence of block chain technology.n
nThe current use cases include land title systems, trade finance, and various forms of settlement or payment, but many block-chain projects do not require block-chain technology in terms of their approach.n
nIn general, many projects are trying to use a decentralized / distributed architecture to deploy a centralized business model. These deployments do not require tokens, are not necessarily more secure, and even lack the resilience of distributed networks, and focus on (at the business and technical level) to maintain central control over the network and all operations Then
nTherefore, companies that want to start testing the technology should follow some rules that can not be changed. Block chain projects tend to have the same point of failure, which means that experienced companies can avoid these common pitfalls.n
n1. misunderstand or ignore the meaning of the block chain technologyn
nDo not ignore the core idea of ​​the block chain so that your company can have a real “block chain project”. To benefit from the block chain, the technology must add trust to an untrusted environment and use a distributed taxonomy mechanism. Businesses should also establish a trust model for the entire ecosystem to identify trusted and untrusted areas and then apply block-chain technology to areas of distrust.n
n2. that the current technology is ready to put into productionn
nAlthough some companies will block chain as a mature technology to carry out marketing promotion, but verified that only Bitcoin and the ether square only have a certain scale. Although there are now more than 70 different blocks of chain platform technology can be used, but most of the block chain platform in the next 24 months are still in an immature state. Therefore, for the time being, continue to conduct multi-class book testing and “test and learning” for the purpose of proof of the concept.n
n3. Confront future block technology with today’s generation technologyn
nMake sure that your current plans for the chain chain are linked to the current maturity and development capabilities of the technology. At present, the application of this technology is limited, can not achieve regional or global scale platform economy.n
n4. confuse limited base-level agreements with complete business solutionsn
nBlock chains are often accompanied by a lot of hype, which means that the technology can be achieved with its expected to achieve may not match. The technology has not evolved from the ambitious base-level technology to a complete application stack or solution. For a wide and ambitious chain of chain projects, the CIO should consider the part of the block chain as less than 5% of the total development work of the project.n
n5. Block-chain technology is purely a database or storage mechanismn
n”Distributed classification books” is not a data retention mechanism or distributed database management system. Block chains provide limited data management capabilities in exchange for centrally located services and avoid trusting a single central organization. Take the time to determine whether the block chain is actually a good business solution (in its current form), and how it relates to your information management needs.n
n6. There is no interoperability between classified books and platformsn
nBlock chain is not mature enough, but also the lack of standards, which can not reasonably guarantee the realization of competitive classifications and platform interoperability between. This interoperability may exist in the most basic laboratory phase, but any expectations and warranties beyond this scope will need to be seen in a skeptical manner. In addition, block-chain technology between 2016 and 2017 is likely to be interoperable with different vendor platforms in 2018-2019. Be prepared to meet the challenges of integrating block-chain technology with traditional environments.n
n7. Think that today’s major platforms will remain dominant in the future (and even now)n
nThere are currently more than 70 block-chain platform technologies available. Most of the final winners of previous generation technologies (such as social media, mobile applications, etc.) have emerged since the existing technology laid the foundations. This means that today’s dominant technology may no longer have an advantage after 12 months. Do not think that you are now using the technical director for a long time to provide support, but also to realize that the best choice has not yet appeared. Therefore, the current variety of optional technologies should be used as a short-term experimental choice.n
n8. Think that smart contract technology is a solved problemn
nIn fact, however, the current smart contract is still lack of scalability, audibility, manageability and verifiability. In addition, local or global applications do not have a legal framework to follow, nor are they able to adapt to the legal basis of the developer’s skills to create, explain and promulgate the law. Always be careful when testing smart contracts and ensure that your forensic and compliance team is able to provide policy and operational risk management oversight.n
n9. Ignore the financing and governance of point-to-point distributed networksn
nAlthough the block chain may ultimately be cost-effective compared to the current alternative technology scenario, its cost will still be considerable – especially if it is used as a supplement to the traditional system Non-substitute. In addition, because of its involvement in the nature of multi-party participation, there are always some unique problems in the block chain (for example, who is why to pay) and still largely unresolved. The block chain brings a lot of questions about governance and political, social and organizational issues that can bring huge costs to the current business model. As a result, scenario planning is critical.n
n10. Not included in the learning processn
nBegan to test the block chain, and set up the concept of testing and learning. Experience with platforms, new business models, processes and products is critical to future success. Even outsourcing projects should ensure that the project is adequately supported by IT within the organization and that a system of transfer of acquired knowledge and skills is established. Right now, knowledge may be the only value obtained from the block chain project, so make sure that the knowledge is valuable and recorded to the senior management.n

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