In case you recently discovered the blockchain technology and you are trying to discover how to implement blockchain technology, you just got to the right place. The truth is that there is a lot of information around the Internet but we can say that not all of that information is accurate. So, if you want to get a step-by-step guide on how to implement blockchain technology, make sure to keep reading.

how-to-implement-blockchain-technology

Learn the best methods to run your business successfully.

One of the things that you need to understand about implementing the blockchain technology is that it is applied to all industries and companies in the exact same way. We can also divide this process into several steps or stages:

Step #1: Identify A Use Case And Create The Plan

The truth is that this step can have a different approach depending on the company owner as well as on their IT staff. One of the things that it is still commonly seen is some organizations trying to implement the blockchain technology, not with a goal per si but to explore this technology. This tends to be more of a curiosity approach and you should really want to avoid it. After all, blockchain technology can be quite helpful for many companies since they allow you to work faster, innovate more, and have lower costs.

Take a look at the best open source blockchain platforms.

Nevertheless, no matter the use case that the organization discovers, they will be searching for a way to implement blockchain. So they can either look for a vendor partner or they can develop the technology internally. While smaller companies tend to opt for the first solution, bigger companies prefer to develop their own blockchain technology internally. Even though big companies tend t have a lot of resources and a good IT team, it’s very common for them to hire additional help to help with the implementation.

Step #2: Proof Of Concept (POC)

blockchains-and-bitcoin

This step usually takes most organizations between one to three months. While during this stage the operation doesn’t impact customers, the truth is that you will already be dealing with real transaction volume and real customer data.

In order to proceed with this step, you need to make sure that you use the cloud since this is the best option that you have. After all, when you are working on the cloud, you don’t need to worry about the hardware as well as since there are multiple organizations participating in the proof of concept, it makes all the sense in the world. Even though you can use a public cloud, a better approach (and the one that is preferred by most companies) is to use a private cloud.

Another thing that you need to be careful about is on starting the POC slow, The truth is that most POCs fail because they just started too big. So, you should rather start small and have the POC only affect a small part of the organization.

Make sure to check out the top blockchain training courses in 2018. 

Step #3: The Field Trial:

blockchain---is-it-the-future

In this step, it’s time to finally put the data into action. Both this step and the next one are for that.

During this step, you should make a small trial with a small part of your customers (usually between 5 to 10%).

One of the things that you need to understand about the field trial is that it may have requirements that are completely different from the POC. As soon as you are then ready to move from the cloud to your own hardware (when you feel comfortable using all the necessary software), you can go ahead and do it during this stage.

Check out the best cryptocurrency trading courses in 2018.

Step #4: A Complete Rollout In Production

This is the last step that you need to take. However, there are only a couple of organizations here so far because it is extremely difficult to get here. The truth is that all users will be happy and the system is completely scalable and almost works on its own.

One of the POCs that is already in this stage or step is Bitcoin. Even after so many attacks, this is the only blockchain that has been able to stick.

Be Sociable, Share!

Comments

Leave a Reply