What are the costs of Distributed Ledger Technology (DLT) Blockchain for Business Apps?
by Nathan Challen
on June 23, 2017
in Blockchain, Business, Legal, Startups, Trends
We are now at a technology tipping point where the application of blockchain technology is feasible for businesses and startups. The cost of implementing Blockchain applications has reduced through vendor support in the form of Blockchain as a Service (Baas) and open source libraries. However, care should be taken before diving into implementing a project using Blockchain, as a number of hidden costs and variables must be carefully examined. What is Blockchain? You can read the comprehensive definition of Blockchain on Wikipedia; however, Dr Mark Staples (Data61) eloquently distills the essence of a Blockchain to simply, "A distributed database and…