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Master The Technology of the Future - Blockchain
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Create the implementation plan for the preferred option, detailing how to achieve the business objectives, who will be accountable for each milestone, and how to mitigate the project risks. Confirm the recommended option. Create the business case documents and present the business case recommendation to the board and management team for approval to proceed. You will need to complete all of these steps to create a solid business case.
Provide important background and supporting information to put the investment into context;. Describe how the investment aligns with the organisation strategic business plan;. Provide a robust estimate of the whole-of-life costs of the investment, and its financial benefits;.
Describe the approach to be used, including timelines, resources, the procurement strategy and governance;. Rigorously assess the inherent risks, including how they are likely to affect the investment and outline strategies for mitigating them;. Provide options for the board and management to consider in reaching a decision.
The business case document is used by the project sponsor, the executive team or the board to determine if they should invest in a specific project.
Sometimes, it's not easy to quantify the strategic, financial and social benefits and the risks of a project. The documented business case needs to provide confidence and a level of certainty that the considered proposal will be successful. What is the best type of business case document template to use so you can use to write your business case and collect, analyse and evaluate all the relevant information?
In our experiences in writing business cases for over 20 years, and which have secured government funding, the critical business case document components include:. Customer service and supporting clients and channel partners.
Major infrastructure projects take many years to build and cost multiple billions. They also employ thousands of workers at its peak.
Along the investment journey, several business cases are developed until the final business case is approved. To create the best possible business case, multiple options are explored and analysed.
Then the shortlist options are evaluated in detail to recommend the best option. These types of business cases also address environmental impacts. Three types of business cases are developed in high risk high value projects:. The preliminary business case or feasibility study can be more 1, pages, including appendices and costing several million dollars.
The full business case can cost many millions, and taking at least 12 months to develop and include significant community consultations during the process. The business case makes the recommendation for the decision-makers to approve the project, funding and resources.
It explains:. The business case demonstrates to prospective buyers on how to justify the purchase. It explains the return on investment ROI from purchasing the new technology, product or service. The opportunity and return on investment for the investor or financier. How the business or joint venture will scale up and achieve the projected growth. Details where the funding will be applied in the business; such as capital, working capital, operating expenses, etc.
Explains the return on investment ROI from the investment. Chase Consulting has been developing business cases for over twenty years. A common characteristic of our successful business cases is that we followed the 5 STEPS framework for developing business cases and used a comprehensive set of templates.
This approach ensured that we created high-quality business cases, it saved us time and increased our productivity. Here are six successful case study examples:. These six business case examples were successful because they clearly articulated the:. Project financials, including all of the financial options and scenarios evaluated. Using a set of proven business case templates will increase your productivity, save you time and improve the quality of your business case. Plus, a high-quality business case makes your project standout amongst the competing priorities within the organisation; it may be the key to getting approval and the finances for your project.
So how do you write the high-quality business case with recommendations that stand out? You know, the evidence and recommendations that management wants to support, agree with and approve. What is the business case? The fundamental questions to consider in developing the business case are: Which of the alternatives should we invest in to generate the most value for the organisation?
Are other alternatives more profitable? Will this investment deliver benefits of high value? Is it strategically the best approach? Download the Free Guide. Why create a business case? A business case is required when you need to: Demonstrate the value of a proposed product or service would generate for your organisation; Obtain board approval for the investment; Decide whether to outsource a particular function; Relocate business operations and manufacturing facilities; Prioritise projects within your organisation that are competing for funding and resources; Secure the financial funding and resources to implement the project.
Types of business cases The required depth of analysis that is documented in support of your case will be based on the size and complexity of the investment decision.
View fullsize. Step 1: Confirm the opportunity Describe the situation and the business opportunity that your proposal will impact. Step 2: Analyse and develop shortlisted options Identify the alternative approaches and select three or four options to analyse. Step 3: Evaluate the options Evaluate how the alternatives will deliver on the business objectives, then select the preferred option, taking into account the strategic and financial value created and the risks.
Step 4: Implementation strategy Create the implementation plan for the preferred option, detailing how to achieve the business objectives, who will be accountable for each milestone, and how to mitigate the project risks.
Step 5: Recommendation Confirm the recommended option. The business case document A business case document should explain the following: Key objectives; Outline the business need; Provide important background and supporting information to put the investment into context; Describe how the investment aligns with the organisation strategic business plan; Provide a robust estimate of the whole-of-life costs of the investment, and its financial benefits; Estimate the non-financial benefits of the investment; Describe the approach to be used, including timelines, resources, the procurement strategy and governance; Rigorously assess the inherent risks, including how they are likely to affect the investment and outline strategies for mitigating them; Convey the level of uncertainty surrounding the proposal; Provide options for the board and management to consider in reaching a decision.
How to write the business case: tips and templates The business case document is used by the project sponsor, the executive team or the board to determine if they should invest in a specific project. Business Case Examples. Market demand and pricing. Initial order quantities for products.
Three types of business cases are developed in high risk high value projects: Strategic or Initial business case Preliminary business case Full business case. Customer Experience This type of business case recommends a project or initiative to improve Client Experience.
It explains: How the client experience will be improved Quantities the strategic, financial and client outcomes. Determines the return on investment ROI. Recommends the implementation approach. Marketing an Innovation, Technology, Product or Service This type of business case supports the marketing strategy for an innovation, new product or service.
Experienced organisations may have in-house expertise allowing them to prepare a business case. However, some organisations will not have the full range of skills required and may wish to appoint an independent management consultant to assist them.
The process of developing the business case is important; a well-executed process enables you to develop a solid business case that increases the benefits and value and reduces the risks.
This also leads to a much greater likelihood of securing support to proceed with the investment. Here are the five key steps for creating the business case.
Step 1: Confirm the opportunity. Describe the situation and the business opportunity that your proposal will impact. This will include the background to project, the investment logic and the high-level business requirements. Step 2: Analyse and develop shortlisted options. Identify the alternative approaches and select three or four options to analyse. Gather information about each alternative, analyse the options and develop the shortlisted options.
Step 3: Evaluate the options. Evaluate how the alternatives will deliver on the business objectives, then select the preferred option, taking into account the strategic and financial value created and the risks. Step 4: Implementation strategy. Create the implementation plan for the preferred option, detailing how to achieve the business objectives, who will be accountable for each milestone, and how to mitigate the project risks. Confirm the recommended option.
Create the business case documents and present the business case recommendation to the board and management team for approval to proceed. You will need to complete all of these steps to create a solid business case. Provide important background and supporting information to put the investment into context;. Describe how the investment aligns with the organisation strategic business plan;. Provide a robust estimate of the whole-of-life costs of the investment, and its financial benefits;.
Describe the approach to be used, including timelines, resources, the procurement strategy and governance;. Rigorously assess the inherent risks, including how they are likely to affect the investment and outline strategies for mitigating them;. Provide options for the board and management to consider in reaching a decision. The business case document is used by the project sponsor, the executive team or the board to determine if they should invest in a specific project.
Sometimes, it's not easy to quantify the strategic, financial and social benefits and the risks of a project. The documented business case needs to provide confidence and a level of certainty that the considered proposal will be successful. What is the best type of business case document template to use so you can use to write your business case and collect, analyse and evaluate all the relevant information?
In our experiences in writing business cases for over 20 years, and which have secured government funding, the critical business case document components include:. Customer service and supporting clients and channel partners. Major infrastructure projects take many years to build and cost multiple billions. They also employ thousands of workers at its peak.
Along the investment journey, several business cases are developed until the final business case is approved. To create the best possible business case, multiple options are explored and analysed. Then the shortlist options are evaluated in detail to recommend the best option. These types of business cases also address environmental impacts. Three types of business cases are developed in high risk high value projects:.
The preliminary business case or feasibility study can be more 1, pages, including appendices and costing several million dollars. The full business case can cost many millions, and taking at least 12 months to develop and include significant community consultations during the process.
The business case makes the recommendation for the decision-makers to approve the project, funding and resources. It explains:.
The business case demonstrates to prospective buyers on how to justify the purchase. It explains the return on investment ROI from purchasing the new technology, product or service. The opportunity and return on investment for the investor or financier. How the business or joint venture will scale up and achieve the projected growth.
Details where the funding will be applied in the business; such as capital, working capital, operating expenses, etc. Explains the return on investment ROI from the investment. Chase Consulting has been developing business cases for over twenty years. A common characteristic of our successful business cases is that we followed the 5 STEPS framework for developing business cases and used a comprehensive set of templates. This approach ensured that we created high-quality business cases, it saved us time and increased our productivity.
Here are six successful case study examples:. These six business case examples were successful because they clearly articulated the:. Project financials, including all of the financial options and scenarios evaluated. Using a set of proven business case templates will increase your productivity, save you time and improve the quality of your business case. Plus, a high-quality business case makes your project standout amongst the competing priorities within the organisation; it may be the key to getting approval and the finances for your project.
So how do you write the high-quality business case with recommendations that stand out? You know, the evidence and recommendations that management wants to support, agree with and approve. What is the business case? The fundamental questions to consider in developing the business case are: Which of the alternatives should we invest in to generate the most value for the organisation?
Are other alternatives more profitable? Will this investment deliver benefits of high value? Is it strategically the best approach? Download the Free Guide. Why create a business case? A business case is required when you need to: Demonstrate the value of a proposed product or service would generate for your organisation; Obtain board approval for the investment; Decide whether to outsource a particular function; Relocate business operations and manufacturing facilities; Prioritise projects within your organisation that are competing for funding and resources; Secure the financial funding and resources to implement the project.
Types of business cases The required depth of analysis that is documented in support of your case will be based on the size and complexity of the investment decision. View fullsize. Step 1: Confirm the opportunity Describe the situation and the business opportunity that your proposal will impact. Step 2: Analyse and develop shortlisted options Identify the alternative approaches and select three or four options to analyse.
Every blockchain has a "Genesis" file. The Genesis file is used to distribute the first tokens to early blockchain participants. Andrej creates the file. The tokens need to have a real "utility", that is a use case.
Users should be able to pay with them from day 1! Andrej must comply with law regulators the SEC. It is illegal to issue unregistered security. Andrej assigns a starting monetary value to his tokens so he can exchange them for euro, dollars, or other fiat currency.
Andrej also decides he should be getting tokens per day for maintaining the database and having such a brilliant disruptive idea. The token supply, initial user balances, and global blockchain settings you define in a Genesis file. After a week of work, the bar facilities are ready to accept tokens.
Unfortunately, no one shows up, so Andrej orders three shots of vodka for himself and writes the database changes on a piece of paper:. To avoid recalculating the latest state of each customer's balance, Andrej creates a. He gets his first customer called BabaYaga. She has a drinking problem.
The Genesis balances indicate what was the original blockchain state and are never updated afterwards. Developers used to event-sourcing architecture must have immediately recognized the familiar principles behind transactions.
They are correct. Blockchain transactions represent a series of events, and the database is a final aggregated, calculated state after replaying all the transactions in a specific sequence. It's a relaxing Tuesday evening for Andrej. Celebrating his first client, he decides to play some Starcraft and clean up his local development machine by removing some old pictures. All his files, including the bar's genesis. While he didn't have a backup, he had something better — a piece of paper with all the database transactions.
The only thing he needs to do is replay all the transactions one by one, and his database state will get recovered. Impressed by the advantages of event-based architecture, he decides to extend his MVP database solution. Every bar's activity, such as individual drink purchases, MUST be recorded inside the blockchain database.
Each customer will be represented in DB using an Account Struct:. Each Transaction TX - a database change will have the following four attributes: from, to, value and data.
The data attribute with one possible value reward captures Andrej's bonus for inventing the blockchain and increases the initial TBB tokens total supply artificially inflation. All the transactions, previously written on a piece of paper, will be stored in a local text-file database called tx. The most crucial database component encapsulating all the business logic will be State :.
The State struct will know about all user balances and who transferred TBB tokens to whom, and how many were transferred. Afterwards, the genesis State balances are updated by sequentially replaying all the database events from tx. Andrej wants to have a convenient way to add new transactions to his DB and list the latest balances of his customers.
Because Go programs compile to binary, he builds a CLI for his program. The easiest way to develop CLI based programs in Go is by using the third party github. Andrej initializes Go's built-in dependency manager for his project, called go modules :. The Go modules command will automatically fetch any library you reference within your Go files. Go will detect missing libraries and automatically fetch them before compiling the program. You can run tbb from your terminal now, but it will not do anything because the Run function inside the main.
The balances command will be responsible for loading the latest DB State and printing it to the standard output:. Andrej verifies if the cmd works as expected. It should print the exact balances defined in the Genesis file because the tx. The tbb tx add cmd uses State. Add tx function for persisting the bar's events into the file system:. The tbb tx add cmd has 3 mandatory flags: --from , --to and --value. The good thing about the Cobra lib for CLI programming is the additional features it comes with.
For example, you can now run: tbb help cmd and it will print out all TBB registered sub-commands with instructions on how to use them. The token supply, initial user balances, and global blockchain settings are defined in a Genesis file.
The Genesis balances indicate what the original blockchain state was and are never updated afterwards. Commit: 5d4b0b. BabaYaga invested a bit too much. She forgot her flat rent payment was around the corner, and she doesn't have the money. BabaYaga calls her flat owner, Caesar. It was a great deal! Caesar: What the heck are you talking about?
What is an ICO? What on earth are tokens? Can you pay me in some other way? BabaYaga: Oh, not again. Let me call the bar owner, Andrej, and make the transfer! Andrej performs the transfer, but decides to charge an extra 50 TBB tokens for his troubles. He doesn't want to, BUT the bar shareholders who invested in him a few years ago are forcing him to generate profit as soon as possible. BabaYaga won't notice this relatively small fee most likely anyway, Andrej tells himself.
In the end, only he has the DB access. Commit: 00d6ed. Andrej: Happy birthday! Here you go: Crystal Head Vodka. But you need to purchase one additional TBB token. The bottle costs tokens, and your balance is Andrej: The funds transfer to Caesar you requested last week cost you 50 tokens. BabaYaga: This is unacceptable! I would never agree to such a high fee. You can't do this, Andrej. I trusted your system, but you are as unreliable as every other business owner.
Things must change! Andrej: All right, look. You are my most loyal customer, and I didn't want to charge you, but my shareholders forced me.
Let me re-program my system and make it completely transparent and decentralized. After all, if everyone were able to interact with the bar without going through me, it would significantly improve the bar's efficiency and balance the level of trust!
Andrej: Yes, I think so.
What Does a Blockchain Developer Do?
Geth can be downloaded and installed on Linux, Windows and Mac. It supports two types of installations, Scripted and Binary. Once you start using the Geth, you either have an option to create your own blockchain based on the provided settings or connect to the existing blockchain. Remix IDE is a compiler used for small contracts. It is a browser-based tool used to create and deploy smart contracts. You can use Remix IDE to write, debug, test and deploy smart contracts using the Solidity programming language.
Remix can connect to the Ethereum blockchain via Metamask. Before using Ethereum, you should have a place to store Ether tokens and execute smart contracts. Mist is the Ethereum wallet used for smart contract deployment and is available for Mac, Windows and Linux.
While installing Mist, remember once you set up the password, you cannot update it again. Create a strong password and never forget it. It allows users to make calls to the blockchain without the need to run an Ethereum node.
GanacheCLI is used for the instant mining of transactions. It is an easy-to-use API that provides you with an overview of test chain events. Security plays a prominent role when it comes to building a blockchain application.
You need to ensure that the Solidity code does not have security holes. Solium tool is specifically designed to format solidity code and fix security issues in the code.
EtherScripter has an easy-to-use interface used for coding basic smart contracts. With a simple drag and drop interface, developers can connect different components as jigsaw puzzle pieces for developing a contract. It only supports the Serpent programming language. A development framework for Ethereum-based dApps, Embark, is used to build and deploy dApps and enable you to create smart contracts written in Javascript programming language.
If an application contains multiple contracts, Embark can also handle the migration of smart contracts. Developers can manage contracts on multiple blockchains such as live network, testnet and private net using the Embark framework.
It is a wallet that connects Chrome or Firefox with Ethereum blockchain by acting as a browser extension. It can save keys for Ether and ERC20 tokens. It can be installed simply as a Chrome extension.
Since blockchain is immutable and transactions once added to it cannot be updated or removed, untested programs can result in high costs. That is why it is essential to test a decentralized application before it is deployed on the mainnet. Ensure to test your app on Blockchain Testnet before going live. Truffle is a framework for Ethereum that provides a development environment. The framework supports a library which can link complex Ethereum apps and offer custom deployments to make contracts coding simpler.
It supports some of the features mentioned below:. You will find numerous tools that can be used to develop blockchain apps dApps and smart contracts.
To know which is the best blockchain development tool for your project, consult our team of blockchain experts. The project is initiated with PoC, which typically takes weeks. Once the PoC is done, it takes weeks to develop a minimum viable product with bare minimum features. Launching an application on the mainnet takes around months based on the requirements of a client.
If you are looking for a blockchain development partner who can help you develop a blockchain application, we have consolidated a list of some top blockchain development companies.
From consultation to PoC, visual and technical designs, development, deployment and maintenance, blockchain experts at LeewayHertz provide end-to-end assistance to startups and enterprises.
LeewayHertz is one of the first companies which has developed a signing platform on the blockchain. Somish Somish is a technology and product development company that builds automated solutions using emerging technologies.
It was established in and has been serving companies to re-engineer, design, build and implement automation systems. Somish dived into blockchain technology in and has developed blockchain projects for governments, municipal corporations, retail companies, finance companies and various other industries.
SoluLab Founded in , SoluLab is a technology company with expertise in the blockchain, mobile and web development. Specialized in Hyperledger Fabric, Smart Contract Development, Private and Public Blockchain Development, their team can build a secure and robust blockchain solution for your business.
Their blockchain development services cater to various industries like healthcare, supply chain management, government, education, publication and media and real estate.
Venture Aviator Venture Aviator develops, tests and deploys custom blockchain applications with an interactive and engaging approach. They have developed robust blockchain solutions for growth companies and Fortune companies like Allianz and Cisco.
They aim to assist startups, enterprises and entrepreneurs in developing technology platforms. SoftwareMill is one of the leading blockchain companies that deliver value to its clients with high-quality development. They have a dedicated team of skilled developers who can cater to a wide array of business requirements within the estimated budget. Based in Poland, they believe that they can resolve the industry-related issues with the digital solutions built on the latest technologies.
Our experts can convert your idea into a real solution by implementing blockchain technology into your project idea. Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies.
It is mandatory to procure user consent prior to running these cookies on your website. A Complete Guide to Blockchain Development. Table of Contents. How to develop Blockchain from scratch?
What value does Blockchain add to your platform? When to use blockchain for your startup or existing platform? How much does it cost to build a blockchain-based platform? What is the blockchain development process? What is the best app development tools?
How long blockchain development takes? List of top blockchain development companies. How to develop blockchain from scratch? However, many other options allow us to build blockchain protocols in a short period. Processing Speed Blocks are confirmed rapidly, and transactions are added to the blockchain within 1. Self-sustaining Bitshares ensures the blockchain covers costs to keep going with no maturity date, as it is backed by an ecosystem of dApps to self-fund its native token BTS.
Security It is impossible to hack the Delegated Proof-of-Stake DPoS protocol as it involves taking out many global, active and trusted delegates. More Transparency The history of transactions is becoming more transparent with the implementation of blockchain.
Reduced Costs Reducing costs is a priority for most businesses. When to use blockchain for your Startup or existing Platform? Do you want to store data? Is the data dynamic with an auditable history? Is the speed of the transaction vital for you? Should a central authority control your data? A smart contract helps to block the funds within blockchain until the project or startup founder makes progress in the project.
Most logistics companies today offer only the location details of main locations like collection centre, city hubs and sorting facilities. The exact live location details are never known, and if the system fails, the entire data is lost. Using blockchain, you can implement a system that collects location data from many interconnected systems and deliver exact location details to the customers.
The application of this project can be extended to other areas like airlines to find lost baggage, car rentals for tracking rented car etc. Most carpooling systems and radio cab facilities come with a middle man, the agency itself. So what if the agency like Uber decides to shut down business in the city? If ride-sharing and car hire are moved to the blockchain, without an intermediary, both riders and drivers can get connected directly.
If the project is completed successfully, it can build a network that will provide safe, reliable transportation. Every popular brand has fake manufacturers selling a counterfeited item at cheaper rates. Even the company experts may not be able to distinguish between fake ones and real ones. What if the original manufacturer has embedded a 2D barcode on the product which is tied to a blockchain system.
You can scan the 2D barcode using your smartphone, and your smartphone will tell you whether the product is fake or not. This is an outstanding project idea and if successfully implement big brands are going to knock at your doorstep, and you know why…. The blockchain-based system can ensure transparent and publicly verifiable elections in the country. If implemented successfully, voting can be done using a mobile application that is attached to a blockchain system.
Many fake charity organizations pose as genuine and loot money from innocent people in the name of charity. Most people want to donate money to a good cause of charity, but they are unsure if the money is going to reach the right hands of the destitute.
Will this investment deliver benefits of high value? Is it strategically the best approach? Download the Free Guide. Why create a business case? A business case is required when you need to: Demonstrate the value of a proposed product or service would generate for your organisation; Obtain board approval for the investment; Decide whether to outsource a particular function; Relocate business operations and manufacturing facilities; Prioritise projects within your organisation that are competing for funding and resources; Secure the financial funding and resources to implement the project.
Types of business cases The required depth of analysis that is documented in support of your case will be based on the size and complexity of the investment decision. View fullsize. Step 1: Confirm the opportunity Describe the situation and the business opportunity that your proposal will impact. Step 2: Analyse and develop shortlisted options Identify the alternative approaches and select three or four options to analyse. Step 3: Evaluate the options Evaluate how the alternatives will deliver on the business objectives, then select the preferred option, taking into account the strategic and financial value created and the risks.
Step 4: Implementation strategy Create the implementation plan for the preferred option, detailing how to achieve the business objectives, who will be accountable for each milestone, and how to mitigate the project risks. Step 5: Recommendation Confirm the recommended option. The business case document A business case document should explain the following: Key objectives; Outline the business need; Provide important background and supporting information to put the investment into context; Describe how the investment aligns with the organisation strategic business plan; Provide a robust estimate of the whole-of-life costs of the investment, and its financial benefits; Estimate the non-financial benefits of the investment; Describe the approach to be used, including timelines, resources, the procurement strategy and governance; Rigorously assess the inherent risks, including how they are likely to affect the investment and outline strategies for mitigating them; Convey the level of uncertainty surrounding the proposal; Provide options for the board and management to consider in reaching a decision.
How to write the business case: tips and templates The business case document is used by the project sponsor, the executive team or the board to determine if they should invest in a specific project. Business Case Examples. Market demand and pricing. Initial order quantities for products. Three types of business cases are developed in high risk high value projects: Strategic or Initial business case Preliminary business case Full business case.
Customer Experience This type of business case recommends a project or initiative to improve Client Experience. It explains: How the client experience will be improved Quantities the strategic, financial and client outcomes.
Determines the return on investment ROI. Recommends the implementation approach. Marketing an Innovation, Technology, Product or Service This type of business case supports the marketing strategy for an innovation, new product or service.
Business Expansion and Government Grants These types of business cases justify the investment to expand and diversify the business and to secure government grants.
The business case addresses: The expansion strategy and the proposed investment. The market demand, export growth and import replacement.
The roadmap to expand the business. The jobs growth from the invvestment. The outcomes for the industry or sector. How the grant will bring forward the investment. Why the government grant is needed. How the business will fund its contribution. Investment Equity or Finance to Scale-up the Business This type of business case seeks to raise an equity investment or obtain finance for a business or joint venture.
The business case addresses: The opportunity and return on investment for the investor or financier. Download the free guide. Successful Business Cases Chase Consulting has been developing business cases for over twenty years. Here are six successful case study examples: Improving the customer experience Accelerated investment to enter new markets Equity investment to scale up the business Customer service improvement Service planning to meet population growth Business expansion to enable revenue growth.
These six business case examples were successful because they clearly articulated the: Recommendations and the decision required. Strategic, financial and social Benefits. Project timing, plus the project plan and each milestone.
Major risks and mitigating actions. Need Business Case Templates? Here's how Get the Business Case Templates. Learning How to Write Business Cases? How to Write Business Cases.
A Complete Guide to Blockchain Development
For this prospect intrigues you, and you want to know how to become a Blockchain developer, then read on and find out all projects need to know about this exciting and intriguing profession. Blockchain companies are experienced and can develop you at every step of case development process. In the blockchain world, tokens are units inside the blockchain database. It is blockchain in case your business processes how to be somehow connected to the blockchain. What is an ICO? Also, enterprises are willing to pay more if you have previous experience as well. Project financials, including all of the financial options and business evaluated.
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In this section, you should present your analysis of why the problem exists or how an opportunity came about. It should also identify any risks to the business or department if the project does not go ahead. Make sure to include facts as well as support for those facts that affirm the need behind the project proposal.
The business case should identify the potential solutions. These should be clear and realistic. In this section, include not only the solution s but also information that describes how and why these are considered solutions. To make an informed decision, executives need to know all-in costs as well as the benefits of a project to the business. They will also want to know the tangible and intangible costs to the organization if the project does not proceed. As with the problem and opportunity analysis section, make sure to include facts that support any claims or assumptions.
This is the section where you provide your recommendation regarding the solution you are proposing and why. Support your recommendation with facts and figures whenever possible. Also explain why this solution is better than other possibilities. The project proposal section outlines key information about the actual project such as the scope, the timeline, the costs, and resources required to successfully execute the project. Business cases can differ in length and composition depending on the size, nature, or complexity of a project or organization.
Every bar's activity, such as individual drink purchases, MUST be recorded inside the blockchain database. Each customer will be represented in DB using an Account Struct:. Each Transaction TX - a database change will have the following four attributes: from, to, value and data.
The data attribute with one possible value reward captures Andrej's bonus for inventing the blockchain and increases the initial TBB tokens total supply artificially inflation. All the transactions, previously written on a piece of paper, will be stored in a local text-file database called tx. The most crucial database component encapsulating all the business logic will be State :. The State struct will know about all user balances and who transferred TBB tokens to whom, and how many were transferred.
Afterwards, the genesis State balances are updated by sequentially replaying all the database events from tx. Andrej wants to have a convenient way to add new transactions to his DB and list the latest balances of his customers. Because Go programs compile to binary, he builds a CLI for his program. The easiest way to develop CLI based programs in Go is by using the third party github. Andrej initializes Go's built-in dependency manager for his project, called go modules :.
The Go modules command will automatically fetch any library you reference within your Go files. Go will detect missing libraries and automatically fetch them before compiling the program. You can run tbb from your terminal now, but it will not do anything because the Run function inside the main. The balances command will be responsible for loading the latest DB State and printing it to the standard output:. Andrej verifies if the cmd works as expected. It should print the exact balances defined in the Genesis file because the tx.
The tbb tx add cmd uses State. Add tx function for persisting the bar's events into the file system:. The tbb tx add cmd has 3 mandatory flags: --from , --to and --value. The good thing about the Cobra lib for CLI programming is the additional features it comes with.
For example, you can now run: tbb help cmd and it will print out all TBB registered sub-commands with instructions on how to use them. The token supply, initial user balances, and global blockchain settings are defined in a Genesis file. The Genesis balances indicate what the original blockchain state was and are never updated afterwards. Commit: 5d4b0b.
BabaYaga invested a bit too much. She forgot her flat rent payment was around the corner, and she doesn't have the money. BabaYaga calls her flat owner, Caesar. It was a great deal! Caesar: What the heck are you talking about? What is an ICO? What on earth are tokens? Can you pay me in some other way? BabaYaga: Oh, not again. Let me call the bar owner, Andrej, and make the transfer!
Andrej performs the transfer, but decides to charge an extra 50 TBB tokens for his troubles. He doesn't want to, BUT the bar shareholders who invested in him a few years ago are forcing him to generate profit as soon as possible.
BabaYaga won't notice this relatively small fee most likely anyway, Andrej tells himself. In the end, only he has the DB access. Commit: 00d6ed. Andrej: Happy birthday! Here you go: Crystal Head Vodka. But you need to purchase one additional TBB token.
The bottle costs tokens, and your balance is Andrej: The funds transfer to Caesar you requested last week cost you 50 tokens. BabaYaga: This is unacceptable! I would never agree to such a high fee. You can't do this, Andrej. I trusted your system, but you are as unreliable as every other business owner. Things must change! Andrej: All right, look. You are my most loyal customer, and I didn't want to charge you, but my shareholders forced me.
Let me re-program my system and make it completely transparent and decentralized. In many cases, you can also explore it yourself as well. But being a front-end and back-end web development is very important. Also, giving the direction of how the UI should look will benefit your project.
This is the good part. As a blockchain solution architect, you have to master various programming languages. More so, you need to have higher-level expertise in them as well. More so, your role might make you code certain difficult parts of the project that no one else is capable of.
Also, once you are done with them, start learning Solidity. After that, you need to learn how to develop a blockchain app to fully grasp the concept. Blockchain solution architect certification programs can help you with this one. One of your skills is to understand how all of the platforms work. The smart contract is absolutely necessary for blockchain architects. Any blockchain solution architect has to know how to develop smart contracts. Basically, start with learning how business logic works and then build your way to smart contracts.
For landing a career as a blockchain architect, you would have to learn how different standards work. More so, you should also study all the different blockchain ecosystems along with distributed ledger technology as well. In this case, the blockchain architect course will help you out greatly. Ecosystems like Corda, Quorum , Ethereum, and Hyperledger are a must for you.
Blockchain interoperability is a huge factor for any kind of project. Anyhow, the basic idea is to focus on common standards rather than using new ones. It will be one of your major responsibilities as a blockchain architect. Basically, you would have to understand how blockchain products are packaged or marketed. Anyhow, giving a proper guideline of the product also helps other team members work on the solution efficiently.
If you are just a starter in this field, then it would be best to study successful blockchain implementation developments in the past. How would that help? Well, it would help you understand how they strategized their products to make them successful. Also, joining a community or consortium blockchain may also help out in this manner as well. Consortia have a collaborative environment, and you can always be up-to-date with how they are launching each of their blockchain products.
Blockchain development tools will help you accelerate your project. Basically, these blockchain tools are here to save time and resources. More so, without deploying your draft solution, you can always test it out using the tools. Anyhow, developers love blockchain development tools. So, as an architect, you have to know about them as well.
Specifically, you have to decide which tool is best suited for a specific project. So, once you know about the basics of blockchain, start using these tools to master them. Enroll Now: Enterprise Blockchains Templates course. In your blockchain architect training, start to learn how you can couple the tech with existing business models.
Obviously, you would have to make some changes to the typical business model. But it should not be at the cost of revenues. In reality, this an extremely crucial skill as the failure or success of a project will highly depend on it. Therefore, you will have to come up with blockchain business models. Strategic skills are extremely necessary for you to become an architect.
While you are working in an enterprise environment on a completely new project, you will face many issues. So, you would have to take responsibility and solve it as fast as possible. Thus, you have to possess higher strategic skills in order to keep everything going.
Anyhow, make sure to polish up this skill to land a job as a blockchain architect. I guess this is the most basic thing you can do for your blockchain architect training. What can be the best way to showcase your merits in front of enterprises other than getting a degree? A degree in Computer Science Engineering would help you show your employer that you are perfectly qualified to get hired. It will further help you better understand all the programming outcomes for your blockchain projects.
Also, if you face any kind of issue while developing the blockchain solution, you can easily identify the error effortlessly as well. Want to know a little secret?
How to Write a Business Case - Project Managment Training
As pandemic fatigue hits new highs, your emotional intelligence as a leader has never been more important. Which of these tips and strategies could help you strengthen your EQ? Skip to main content. How to make the case for blockchain: 5 steps. Do you see a potentially valuable blockchain use case for your organization?
Here's how to push past the hype and win organizational support and resources. Kevin Casey July 09, Consider these five strategies: 1. Blockchain is not Bitcoin For starters, completely separate blockchain from Bitcoin and other digital currencies. Wipe away the magic fairy dust Separating blockchain from Bitcoin is important not only in terms of cutting away misunderstandings but also in cutting through the deafening buzz surrounding blockchain. Focus on what blockchain can really do Focus on trust and transparency as a pair of starting points.
Related content. IT leadership: 5 ways to energize teams in How to be a more collaborative leader: 4 key competencies. Emotional intelligence: 8 ways to improve yours in Kevin Casey writes about technology and business for a variety of publications. Related Topics IT leadership: 5 ways to energize teams in Submitted By Ginny Hamilton. We will also review and analyze the best blockchain networks for dApp development. Nowadays, there is a really huge amount of creative and innovative ideas circulating on the blockchain market.
Yet, just a few of them have proven their usability and got a positive ROI after launch. This happens because such a competitive market as blockchain or DeFi does not need just some new, creative solutions, yet a very thoughtful business idea that can bring a real profit to the users and provide a more cost-effective solution to the market.
Analysis preparation helps us to understand which process a client wants to implement and how those processes will act in a decentralized environment.
This is a very important step for deciding which blockchain platform to use. Due to a thorough analysis during the discovery stage, our specialists are able to define the right tokenomics strategy and turn your idea into a real beneficial business case! Before answering the questions like how to choose the right blockchain network for your decentralized app, we need to take into account a few crucial points. Developing an entire blockchain ecosystem from scratch.
The first type of blockchain-based solutions relies on the fact that your business processes lay entirely on the blockchain. In this case, you will need to develop your own decentralized solution from the beginning. We have concentrated on this type of development in the previous article on how to find a reliable blockchain company. Create a bridge or a 2-layer solution. This type of project is applicable when the blockchain is already chosen, and there is a need of building a 2-layer solution for it like Ethereum Plasma.
In this case, your business case has to lay entirely on the blockchain as well. The other way is when the creation of a bridge between two or more blockchains or dApps is needed. We expect a high demand for this type of solution along with Polkadot wider adoption. The first two types are less common and are more likely to be developed by in-house teams and do not require any consideration regarding the right blockchain choice difficulties.
Therefore, we want to take your attention to the next two approaches which need a deep look into the architecture of blockchain framework before starting the development. Empowering your current solution with blockchain. The fourth type of project development approach concentrates on the adoption of any crypto payment system to your current solution.
Though, there are situations when your case does not demand the development upon Ethereum or another network but still requires smart-contracts. In such a case it will be better to create your own network based on a ready solution for example fork Parity node but with necessary features implemented. Because making a fork is not an issue, but ensuring smooth work after that is. Development of decentralized app. This type corresponds to many current requests.
It is applicable in case your business processes need to be somehow connected to the blockchain. Any of the existing dApps Uniswap, Augur, Polymarket, Opensea can be an example of using this approach. This is also the best solution for any DeFi project. The development of the decentralized application is the most challenging in terms of selecting the right blockchain for such a dApp. This mainly because the developers need to take into account a number of factors for the future smart contract development for this solution.
In this case, the broadened knowledge of the best blockchain frameworks is a must. As far as choosing a blockchain platform for dApp building is one of the most difficult tasks, we propose to concentrate on this approach in the next parts of this article.
As soon as you define the type of your project, start to look for the most suitable blockchain solution for it. Well, how many blockchain platforms are there? Due to their wide lists of functionalities and unique possibilities Blaize experts establish them as the best blockchain platforms for developing a decentralized application.
This platform is one of the pioneers on the market and therefore a popular choice while selecting a blockchain platform for project development. Additionally, the Ethereum network has already become a home for a long list of dApps. The unique input of Ethereum was the contribution to an EVM invention and therefore wide application of smart contracts.
Ethereum smart contracts require a strong knowledge of Solidity or Vyper. Ethereum is a good solution when developing a multi-chain ecosystem. It has a large toolset and a lot of ready-made solutions which can help to build your solution easier and quickly. Additionally, Ethereum is a worldwide known and trustable blockchain, which can help to gain more credit from users in terms of delivering a new product to the market.
However, it is worth noting that the glorified toolset is quite difficult to maintain and update. Moreover, market fluctuations in gas prices very often create inconvenient conditions for active use. As for now, Ethereum blockchain is a complete leader for building DeFi dApps. Therefore, in case of creating the next DeFi giant we recommend considering Ethereum as a prior, in terms of future smooth integration with other DeFis.
Thinking of creating your own decentralized finance project? See how Blaize team builds DeFi solutions and contact us for further discussion. Near network is aimed to be a way more scalable blockchain then everything we have had before.
This is a next-generation proof-of-stake blockchain that is a serious competitor to the emerging Ethereum 2. Near is highly scalable, shards supported public blockchain. While using its custom TxFlow consensus model another type of PoS it provides a highly secure, trustless, and hacking resistant environment. Its ecosystem is recently being compared a lot to the upcoming Ethereum 2.
But unlike other new-generation blockchains, the state sharding approach of Near allows for the creation of such small nodes that can be stored even on mobile devices.
Near blockchain uses Rust. It is a cutting-edge language for system programming that allows for building advanced algorithms in a more secure way with higher performance. Near blockchain is a 1-layer protocol that can host any dApp on top of it. Moreover, the scalability and level of performance it claims is very promising, as well as the fact, that Near is aimed to enable blockchain access even from mobile phones.
Therefore, if you are thinking of creating a technologically advanced solution then Near protocol flexibility, Rust adoption and a modern approach to development is a good fit for your project.