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Friday, December 27, 2019

Definitions for Use Cases of Blockchains

Useful simple user case examples, definitions, Major Players and cautions:

Understanding Blockchain Basics and Use Cases in Infoq

Key Takeaways:

Blockchains can be either public or private, permissioned or trustless
IBM Hyperledger and R3 Corda are two of the most widely used enterprise blockchains
Deployment of real solutions is still limited and patchy
The space is continuing to evolve and is in its early stages
Enterprise adoption is still cautious
Navigating the blockchain space can be very challenging.
A large number of articles have been written about the subject, many of which are filled with a large amount of hot air and hype, as well as specialist technical and other jargon.

In this article, we will explain the difference between the two major branches of blockchain projects (public and private) as well as some fundamental technical terms related the area.
This will allow us to address a fundamental question in the current discussion of blockchains and related solutions: What are the valid use cases for using a public, trustless blockchain vs a distributed private ledger vs a traditional database?  ... "

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