Describe how blockchain technology makes your application

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This final project gives you the opportunity to review what you've learned throughout the semester and present a range of topics in the form of a policy that describes how participants can join your business network, and the benefits of doing so. The overall purpose of your policy should be to create interest in your business network and its applications, along with a description of the onboarding process and ongoing benefits to members. Take what you've learned about the Letter of Credit business network and develop a novel business application that relies on enterprise blockchain functionality. Describe your business idea, focusing on how enterprise blockchain technology is central to its value and uniqueness. membership policy that describes the benefits and requirements of membership in your business network.

Your policy should include the following:

Question 1) Purpose statement of the business network (i.e. blockchain environment) a. Describe your business environment (what business are you in?) b. Describe how blockchain technology makes your application possible and more valuable than existing offerings. c. Describe what value your blockchain app provides to your existing and potential customers and partners.

Question 2) Description of the current (base) network (participants and functionality) (For example, who is part of your network now and what does your application do now? Of course, this is where you get to tell the story of the business idea you created. It doesn't have to be a real, current business.)

Question 3) Brief description of upcoming features in the next quarterly release. (Be creative, but realistic here. Think about what the existing application does, and what features you'd like to add that would increase the application's usefulness and value. Analyzing current functionality and determining which features would best meet business needs will be a big part of assessing this assignment.)

Question 4) Description of application upgrade process that may impact application availability and member business processes. (i.e. How does the business network organization plan to deploy new software features without causing substantial service interruptions?)

Reference no: EM133217288

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