Evaluating Blockchain Applications: Key Functional Dimensions PPT

This PPT slide, part of the 87-slide Digital Transformation: Blockchain Technology PowerPoint presentation, outlines nine critical dimensions for assessing the viability of blockchain applications. Each dimension serves as a pivotal factor in determining the overall feasibility and effectiveness of a blockchain solution.

Starting with Security, this dimension emphasizes the importance of safeguarding data against unauthorized access and breaches. Next, (De)Centralization highlights the structural aspect of blockchain, focusing on how control is distributed across the network. Privacy is another key consideration, ensuring that sensitive information remains confidential while still being accessible to authorized parties.

Scalability addresses the ability of the blockchain to handle increased loads without compromising performance. Usability evaluates how user-friendly the application is, which can significantly impact adoption rates. Extensibility refers to the potential for the blockchain solution to integrate with other systems or adapt to future needs.

Operational Impact assesses how the blockchain will affect existing processes and workflows, while Cost takes into account the financial implications of implementing and maintaining the solution. Finally, Community Support underscores the importance of a robust ecosystem of developers and users that can drive innovation and provide assistance.

The slide concludes with a reminder that all nine dimensions must be evaluated collectively for a comprehensive analysis. This holistic approach ensures that decision-makers can make informed choices about blockchain investments, balancing technical and operational considerations effectively.

This slide is part of the Digital Transformation: Blockchain Technology PowerPoint presentation.

This presentation is created by former McKinsey, BCG, Deloitte, EY, and Capgemini consultants based on the Blockchain thought leadership global consulting firms.

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