How to understand whether a project needs public blockchain or not?

10 000 question challengeCategory: Profits (trading, ICO, mining)How to understand whether a project needs public blockchain or not?
HowToToken Team Staff asked 3 months ago
1 Answers
HowToToken Team Staff answered 3 months ago

Karl Wust and Arthur Gervais from Department of Computer Science of ETH Zurich point following factors that make public blockchain relevant in their paper “Do you need Blockchain?”.

1) A need to store state
2) There are multiple authors involved
3) Online trusted third party cannot be used always
4) All writers are known
5) Not all writers are trusted
6) Public verifiability is required

The scheme developed by these scientists is very applied. You can also use it to determine whether a private blockchain is needed or a project does not need this technology at all.

https://eprint.iacr.org/2017/375.pdf

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