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Blockchain Is the Answer. What Was the Question Again?

May 2018 Presentation
Harald Wesenberg (Statoil ASA)

This presentation shares a checklist of topics to distinguish between pure vaporware and well-thought-through blockchain initiatives that can succeed.

Publisher:

Software Engineering Institute

This presentation was created for a conference series or symposium and does not necessarily reflect the positions and views of the Software Engineering Institute.

Abstract

Blockchain is being hyped as never before. Since last year's SATURN, a series of blockchain initiatives has been run, both internally and in consortia with other companies. We have learned quite a few things about what makes a good blockchain problem through these efforts. This experience report will describe the internal checklist that we use to prioritize projects and fend off over-hyped blockchain enthusiasts.

Key topics include defining transactions to put on the chain, transparency requirements, Central Authorities, open vs. permissioned blockchains, transaction speed, consensus mechanisms (and how to reach a single version of the truth), and some examples of business problems where blockchain can be part of the solution.