Help Center > > FAQs> Consultation> How Do I Determine Whether a Blockchain Is Necessary?

How Do I Determine Whether a Blockchain Is Necessary?

Updated at: Feb 27, 2020 GMT+08:00

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.

Did you find this page helpful?

Submit successfully!

Thank you for your feedback. Your feedback helps make our documentation better.

Failed to submit the feedback. Please try again later.

Which of the following issues have you encountered?

Please complete at least one feedback item.

Content most length 200 character

Content is empty.

OK Cancel