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When is blockchain the right solution?

Virtually any activity that can be run on a database, could be moved onto a blockchain platform, but whether approach is beneficial will depend on the organisation’s circumstances. Find out what you need to consider when thinking about implementing blockchain.

Many proposed blockchain applications could use a traditional database hosted by a trusted central party and would provide nearly identical results. If blockchain is something your business wants to explore, you will need to take time to assess where to use it to gain the biggest benefit.

When thinking about where blockchain can be applied, examine the problem against the following four criteria: