How Do I Determine Whether a Blockchain Is Necessary?
To determine whether the blockchain technology is suitable for your project, answer the following questions in sequence:
- Need multiple parties share data?
Will all business participants benefit from a complete and reliable record sharing system?
- Need multiple parties update data?
Will data accuracy and update timeliness be enhanced if multiple participants can record and propagate concurrent transactions?
- Must data be verified?
Can tamper-proof transactions in an untrusted environment improve the transaction throughput and reliability of partners?
- Can a central institution be removed?
Is removal of a central institution helpful to reduce costs and transaction complexity?
If your answer is "Yes" for all of the above questions, then your project needs the blockchain technology.
Consultation FAQs
- How Do I Determine Whether a Blockchain Is Necessary?
- What Underlying Framework Is Used for Huawei Cloud BCS?
- Can BCS Instances Deployed on the Public Cloud Access Blockchain Nodes on Other Clouds?
- What Competitive Advantages Does Huawei Cloud BCS Have?
- In Which Direction and What Capabilities Will Huawei Cloud BCS Develop?
- What Are the Specifications of VMs to Be Purchased for BCS?
- How Do I Get Access to the Partners of Huawei Cloud BCS for More Services?
- What Are the Differences Between Channel Isolation and Privacy Protection?
- How Well Does BCS Perform?
- Does BCS Support Customized Development?
- When Do I Need to Hibernate or Wake an Instance?
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