Blockchain has the potential to radically alter the way enterprises conduct business and process transactions. The technology can reduce operational costs and friction, create transaction records that are immutable, and enable transparent ledgers where updates are nearly instantaneous. However, despite its immense potential benefits, there is a great deal of confusion and challenge in leveraging blockchain. Its nascent technology, a lack of talent to support it, complex system integration, […]
Posts Tagged ‘smart contracts’
Smart Contracts Management: A Special Case for Business Rules Management?
Given the immutable nature of the Smart Contracts (as well as the transactions) in a Blockchain, and the impact a (buggy) Smart Contract can have across a business network (as highlighted by The DAO Attack), Smart Contracts require extra due diligence. Having worked with Business Rules Management Systems (especially IBM Operational Decision Manager/ILOG) for the […]