There are different implementation strategies that organizations can look at to implement a blockchain network. These are as follows:
- All stakeholders own and maintain a node on the blockchain network. This node can be on-premises or on a cloud platform.
- A cloud-hosted blockchain network is operated by a trusted service provider. Organizations can view data and information and submit transactions based on access control. This is known as Blockchain as a Service (BaaS).
- Accessing a public permissionless blockchain to record data so that it cannot be tampered with. A good example is storing the hash signature of a document to the public Bitcoin or Ethereum network. The transaction ID and the document is then shared with other stakeholders who need to validate the authenticity of the document in the future.
Organizations can choose to put either complete...
