Expand the range of Use Cases for Blockchain to provide trust in Networks and decentralized Processes, Actors and Artefacts.
Identify any gaps in the chain of trust, and create or recommend appropriate remedial actions.
Feedback the results of successful actions to other Use Cases.
Benefits may include:
leveraging the Blockchain architecture, transactional exchanges and programming frameworks so that dApps built are compliant OOTB
active monitoring of the network health and recover from unexpected failures
facilitate the deployment of Blockchain in private cloud topologies using mainstream enterprise infrastructures, for wide adoption
generate and refine standards which guarantee platform interoperability
integrate with established enterprise platforms (databases etc.).
Example: To trust that goods and services are not counterfeit:
todayâs validation is based on a complex network of brands, merchants and marketplaces which store information on Product authenticity
the reputation of commercial segments â e.g. luxury goods, pharmaceutical or electronics â is particularly at stake
trust in third party authorities introduces a logical friction between merchants and consumers
Blockchain decentralization and security could provide a generic model in which nodes store information to validate the authenticity of specific products throughout their life cycle, including Supply Chain integrity, environmental (disposal and carbon impact) credentials etc.
(With career hindsight, it would have been beneficial to know that a customerâs Business Operating Model would benefit if the Auditor role in certifying Production changes was explicit!).
Blockchain has a gap in the chain of trust if, for example, it is used to enable good behaviours and ensure authenticity, but the tech itself has a large carbon footprint.
there are worthy carbon neutral examples and initiatives out there, see the link. Carbon neutrality should be a prerequisite for the scaling up of any decentralization technology.
todayâs technology solutions can deter bad behaviour, but feel punitive if the activities that solve the Problem are not properly decentralized: âwaste accumulates â people complain â waste is geotagged and logged on an app â cleanup does not always occur â trust is brokenâ
Crypto for Trash motivates good behaviour by decentralizing the activities: âwaste accumulates â people are incentivized to collect it â the mechanism for reward is explicit and trusted â supply chains form to deal with the waste appropriately â data gathered highlights any weaknesses â trust is reinforcedâ .
If there was a way to make trash bounties happen without people making the problem worse by trying to game the system, we could get a virtuous cycle going.
There would have to be collective accountability. E.g. less cheap loans for a group of homeless people in the program who got caught spreading trash so others in the group would collect it.
Another way to improve accountability would be to have unique QR codes for each Point of Sale, so if a lot of McDs trash is found somewhere then that place can get per-customer trash tracking. Most likely itâs 10% of the people causing 90% of the problems.