The US Department of the Treasury UU He just published five tips to build blockchain projects.
According to the website of the Tax Service Office, the list is based on the lessons learned by the staff while working on a chain of evidence system of the tracking of physical assets, such as computers or automobiles, which began last fall. After months of retouching with the accounting books distributed, the first and most important idea that is presented is for people to ask themselves: is Blockchain technology a good option for this concept? These are some of the questions that the Treasury recommends using to determine if the blockchain technology is central to the project : Do you need a structured central information repository? Is there more than one entity reading or writing transactions in a database? Is there less total trust between the parties / entities in the ecosystem (for example, a user will not accept the "truth" as reported by another user)? Do central custodians introduce costs and / or "friction" when verifying transactions (for example, manual verification)? Are there routine or logical interactions that could be scheduled for self-execution? (for example, smart contracts) If the answer to several of those questions is yes, the next step could be to interview a variety of different stakeholders to understand their weaknesses, says the Treasury. It is also recommended to look for different equipment and document the whole process, to help detect weaknesses and opportunities.
However, the website warns : "Include both blockchain skeptics and non-technical people. A team consisting only of pro blockchain people can be blinded by the bass drum and force a square peg into a round hole. " The council concludes by advising entrepreneurs to take the time to explain the basic concepts of blockchain technology to everyone, from investors to lawyers. Again, this is because diverse perspectives can help teams overcome the hype surrounding the blockchain experiments. "There is no way to sweeten it, the agency's governance processes can be very time-consuming," according to the website. "Incorporating enough time in your project plan to present and explain the blockchain technology in clear and easy to understand terms will help you plan and move quickly in the process."
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