...by Daniel Szego
"On a long enough timeline we will all become Satoshi Nakamoto.."
Daniel Szego

Sunday, April 29, 2018

Consortium blockchains and business processes

Business processes describing consortium blockchain solutions should be fundamentally different than processes describing the operation of individual companies. The reason for that is that is that companies do not really communicate with  each other in an absolutely free manner. They regard company secrets as a very strong fundamental basis and they cooperate with each other only on a special interfaces. As interface I do not necessarily mean just a technical interface, the cooperation of the two companies usually mean that one provides a service, or sell goods that the other one can buy. So the major cooperation is actually the exchanging of goods and services and not some kind of another information sharing. This implies that best consortium blockchain processes must be able to describe different kind of crypto-assets, the relation, exchange, visibility and access rights of these crypto-assets as a primary goal. They must provide the way of putting most of this logic into the blockhain itself realizing with for example smart contracts and they should provide a way to create and configure things with the help of graphical user interfaces. In this sense Hyperledger Fabric has a good direction, even if they can not provide graphical user interface at the moment.