{"id":5240,"date":"2017-08-18T08:03:22","date_gmt":"2017-08-18T02:33:22","guid":{"rendered":"http:\/\/www.allerin.com\/blog\/?p=5240"},"modified":"2017-08-17T13:58:42","modified_gmt":"2017-08-17T08:28:42","slug":"different-types-of-blockchain-projects","status":"publish","type":"post","link":"https:\/\/www.allerin.com\/blog\/different-types-of-blockchain-projects\/","title":{"rendered":"Different types of blockchain projects"},"content":{"rendered":"<p><a href=\"http:\/\/www.allerin.com\/wp-blog\/wp-content\/uploads\/2017\/08\/Different-types-of-blockchain-projects-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-5511\" src=\"http:\/\/www.allerin.com\/wp-blog\/wp-content\/uploads\/2017\/08\/Different-types-of-blockchain-projects-1.jpg\" alt=\"\" width=\"770\" height=\"513\" srcset=\"https:\/\/www.allerin.com\/blog\/wp-content\/uploads\/2017\/08\/Different-types-of-blockchain-projects-1.jpg 770w, https:\/\/www.allerin.com\/blog\/wp-content\/uploads\/2017\/08\/Different-types-of-blockchain-projects-1-300x200.jpg 300w, https:\/\/www.allerin.com\/blog\/wp-content\/uploads\/2017\/08\/Different-types-of-blockchain-projects-1-768x512.jpg 768w\" sizes=\"auto, (max-width: 770px) 100vw, 770px\" \/><\/a><\/p>\n<p>The problem with most proofs of concept is that they focus entirely on whether <a href=\"https:\/\/www.allerin.com\/services\/research-and-development\/blockchain-technology\" target=\"_blank\" rel=\"noopener\">blockchain technology<\/a> works in a limited basis. The focus should rather be on whether to proceed with a blockchain project given your business context. The heavy dependency on third parties, in most use cases, can raise doubts over project viability. This then makes you question if you should invest in a blockchain project, even when it is technically attractive. A study of the different types of blockchain projects eases out the difficult decision of what your approach to blockchain implementation should exactly be.<\/p>\n<p><a href=\"http:\/\/www.allerin.com\/wp-blog\/wp-content\/uploads\/2017\/08\/Different-types-of-blockchain-projects.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-5499 size-full\" title=\"types of blockchain projects\" src=\"http:\/\/www.allerin.com\/wp-blog\/wp-content\/uploads\/2017\/08\/Different-types-of-blockchain-projects.jpg\" alt=\"\" width=\"848\" height=\"522\" srcset=\"https:\/\/www.allerin.com\/blog\/wp-content\/uploads\/2017\/08\/Different-types-of-blockchain-projects.jpg 848w, https:\/\/www.allerin.com\/blog\/wp-content\/uploads\/2017\/08\/Different-types-of-blockchain-projects-300x185.jpg 300w, https:\/\/www.allerin.com\/blog\/wp-content\/uploads\/2017\/08\/Different-types-of-blockchain-projects-768x473.jpg 768w\" sizes=\"auto, (max-width: 848px) 100vw, 848px\" \/><\/a><\/p>\n<h1>Types of blockchain projects<\/h1>\n<p>Depending on the nature of your business situation, you may be lead to one of these projection options:<\/p>\n<h6><\/h6>\n<ul>\n<li><strong>Join a consortium<\/strong><\/li>\n<\/ul>\n<h6><\/h6>\n<p>Joining an association consisting of various companies can be a good idea when being successful requires many contributors. Organizations shall be ready to collaborate with other industries in order to reap benefits. For example, R3CEV leads a consortium of more than 80 financial institutions in R&amp;D for <a href=\"https:\/\/cointelegraph.com\/news\/new-application-for-blockchain-implemented-for-sql-developers-users\" target=\"_blank\" rel=\"noopener\">blockchain database<\/a>.<\/p>\n<h6><\/h6>\n<ul>\n<li><strong>Partner for an external non-blockchain project<\/strong><\/li>\n<\/ul>\n<h6><\/h6>\n<p>Such types of collaborations occur when there is a pragmatic and feasible business case in the industry where organizations can collaborate and work, using non-blockchain technology.<\/p>\n<h6><\/h6>\n<ul>\n<li><strong>Partner for an external blockchain project<\/strong><\/li>\n<\/ul>\n<h6><\/h6>\n<p>Some business areas may have large blockchain potential but they may be dependent upon other organizations to accept a new system for achieving the results and benefits. A suitable choice for industry leaders could be joining forces with others to implement a multilateral blockchain-based project.<\/p>\n<h6><\/h6>\n<ul>\n<li><strong>Launch an internal non-blockchain project<\/strong><\/li>\n<\/ul>\n<h6><\/h6>\n<p>Launch an internal non-blockchain project only when you think that involvement of third parties is not required. Moreover, if you believe that the technology currently in use in your organization is self-sufficient and imparts increased value and reduces risks, then you should definitely go with this project.<\/p>\n<h6><\/h6>\n<ul>\n<li><strong>Launch an internal blockchain project<\/strong><\/li>\n<\/ul>\n<h6><\/h6>\n<p>Some blockchain capabilities provide values from distinct qualities of the technology for certain internal projects. If you have such internal projects onboard then you should opt for internal blockchain project.<\/p>\n<h6><\/h6>\n<ul>\n<li><strong>No project needed<\/strong><\/li>\n<\/ul>\n<h6><\/h6>\n<p>Yes, you read that correct. Sometimes a situation may creep up where there is no consortium available for your industry and it may not be possible for you to create one. Moreover, it may happen that there is no interesting or <a href=\"http:\/\/www.valueresearchonline.com\/story\/24064\" target=\"_blank\" rel=\"noopener\">investment-centric business scenario<\/a> in your industry. The best option in such a situation is to do nothing and wait for an opportunity to arise.<\/p>\n<h6><\/h6>\n<p>Although blockchain is a promising technology, it does not necessarily remove the need for a business case. CIOs need to check each and every type of blockchain project and then come to a conclusion. This involves analyzing the cost and feasibility of the project to be deployed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The problem with most proofs of concept is that they focus entirely on whether blockchain technology works in a limited basis. The focus should rather be on whether to proceed&#8230;<\/p>\n","protected":false},"author":1,"featured_media":5511,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[171,3],"tags":[412],"class_list":["post-5240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","category-technology","tag-types-of-blockchain-projects"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.5 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Different types of blockchain projects | Blockchain | Digital Business |<\/title>\n<meta name=\"description\" content=\"The problem with most proofs of concept is that they focus entirely on whether blockchain technology works in a limited basis. The focus should rather be\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.allerin.com\/blog\/different-types-of-blockchain-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Different types of blockchain projects\" \/>\n<meta property=\"og:description\" content=\"The problem with most proofs of concept is that they focus entirely on whether blockchain technology works in a limited basis. 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