There are a growing number of blockchain platforms that are competing to prove their viability and establish their foothold in this rapidly evolving market. It’s no surprise that this pace of introduction of a new technology can cause some challenges for technical professionals to compare and contrast these platforms. As a result, what constitutes a blockchain platform and its design goals have been a source of debate among many architects.
However, in the absence of a reference functional framework, it is hard to objectively assess a candidate blockchain platform. Technical professionals should, first, understand the primary design goals of a blockchain platform to appreciate underlying architecture. Second, they should use a normalized model for assessing and comparing blockchain platforms’ key functions and ability to address a set of requirements.
Our new report “A Technical Primer for Assessing a Blockchain Platform” initially familiarizes technical professionals with decentralization, trust controls and decentralized applications. Then it expands on the definition of blockchain platforms and their key functional components to assist with assessing a candidate blockchain platform. It finally summarizes key strengths and weaknesses of blockchain platforms and provides some recommendations on how to assess and select a blockchain platform architecture strategy.
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