The principles that drive blockchain adoption

In any enterprise, blockchain adoption is driven by three principles: the business blueprint, the technology blueprint, and enterprise integration.

The following are some indispensable things to consider when choosing a blockchain framework according to these three principles:

• Business blueprint: Blockchain promises to create a business network of value based on trust. To do this, it's vital to understand how various blockchain frameworks handle network interaction patterns, inefficiencies, and vulnerabilities.
• Technology blueprint: If technology is to align with business imperatives, organizations need to make appropriate technology and architecture choices for their needs. Transactions per second (TPS), enterprise integration, external system integration, and regulatory and compliance requirements may be taken under advisement here. These decisions are all part of the technical due diligence necessary to properly budget for blockchain adoption.
• Enterprise integration: Integrating blockchain into enterprise systems, especially an adjacent system, is an important business and technology consideration (because downstream transaction systems affect critical business systems) as well as a cost point. Based on my experience, if organizations don't focus on adjacent system integration early in the planning, it can impede adoption, because it has a significant cost impact on blockchain projects.

In the following sections, I cover each of these design considerations in a bit more detail.