Emerging Tech
Blockchain Deployment Checklist
See also: Blockchain's Potential for Education
When it comes to
using blockchain technology, there are several use cases across all
sectors that institutions are interested in. However, some considerations need to be taken into account before jumping into
the technology in full force. New America’s Blockchain Trust
Accelerator has released a checklist for deploying a
blockchain-powered solution in the blockchain sector:
-
Define your
challenge, define your solution. Before adopting a blockchain-based
solution, know your goal and how blockchain technology will help to
achieve it.
-
Prep your data
to ensure data to ensure that it is accurate and high quality before
moving to the blockchain.
-
Collaborate
with partners in order to lower costs, improve outcomes and deliver
more powerful solutions for everyone. Identify potential
stakeholders and consider inviting them to the party.
-
Think ahead in
terms during the design process to address both legacy systems and
other frontier technologies.
-
Innovate
ethically because privacy is your responsibility.
-
Consider
accessibility to ensure marginalized populations still have access.
-
Solve for
identity to determine how user identity, biometrics, passwords,
government issued IDs and knowledge-based authentication should or
could be a part of your solution.
-
Assess risks by
anticipating potential pain points between collaborators and
carefully weigh the pros and cons of design features like vendor and
platform lock-in.
-
Expect to grow
and think about how your ultimate goal is to reach full-scale
operation as you conduct pilots and proof of concepts.
-
Comply with
regulations related to the transfer of financial assets and tokens
with monetary value. Engaging with legal counsel can save potential
headaches later on in your process.
-
Assume unknown
unknowns. Incorporate flexibility into your project timelines to
accommodate surprises along the way.
Source: New
America’s The Blueprint for Blockchain and Social Innovation
https://www.newamerica.org/bretton-woods-ii/blockchain-trust-accelerator/reports/blueprint-blockchain-and-social-innovation/checklist-for-deploying-a-blockchain-powered-solution/
About the Author
Sara Friedman is a reporter/producer for Campus Technology, THE Journal and STEAM Universe covering education policy and a wide range of other public-sector IT topics.
Friedman is a graduate of Ithaca College, where she studied journalism, politics and international communications.
Friedman can be contacted at [email protected] or follow her on Twitter @SaraEFriedman.
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