Digital Business Activities Switch to Blockchain Technology


Select the right technology and consider the basic requirements for building, deploying, and operating a blockchain-based network of businesses. The technical architecture of the Blockchain solution is determined by the functional and non-functional requirements of all stakeholders as well as the core business.

There are four layers to the solution: data, network, application services, and interaction or application layer. But these four layers must be implemented from five perspectives or models-infrastructure, security, integration, deployment, and operation–to build a successful network blockchain technology.

We discussed in our last article the importance of the 4-dimensional framework: business, operations, law, and technology. We will now examine the technology in order to provide a deeper dimension that can help you design and grow your business.

1. Create a solution for overlaying network components and application components

A blockchain solution must be accessible to all users. Participate effectively in the business network. It is important to define the business requirements clearly and classify both the content on the blockchain technology and what remains outside of the application.

The technology stack is defined by identifying the products and services required for each layer of the solution stack (data network, API, application, and data). You can customize your adoption approach by defining a participation-based approach throughout the build, integration, testing and deployment phases.

2. Start building your network to get started

The Network design is primarily focused on the core components of the blockchain platform. It also uses its functions. To make smart contracts more flexible and accessible to all participants, regardless of where they are located, you can define a framework for smart contracts. Define your asset relationships model (static and dynamic), by identifying users, organizations, and business events that trigger smart contract to modify the asset entity’s value.

3. Integrated networks require security

Next, you will need to resolve security issues like identity and access management using appropriate security services. Participants have access rights by mapping user IDs and roles, as well as certificates. It can also be managed through transparent, decentralized and responsible identity management among issuers and holders.

Data privacy is an important aspect that must be prioritized. This can be done by breaking down data into four sections-personal, legal, operational, and business. You can also achieve data privacy through channels, personal data collection and encryption, zero-knowledgeproof databases, and off-chain data bases, depending on the level of data available.

Next, you need to determine a secure way to use key management software (such as “key security” or other methods) in order to manage keys and certificates. Clear integration strategies are required for both inbound and export data.

4. Plan for predictable growth of non-functional demand

It’s now time to solve your physical deployment model using NFR. Depending on your network vision and the natures of business participants, you can choose the right infrastructure such as single, multi-cloud or on-premises. Containers can be used to deploy the network, applications, and API components, as well as integration with other systems.

Based on your data model and expected performance indicators and data usage across multiple roles, participants and roles, you can choose which data should be stored on-chain or off-chain. You should evaluate how much data is being processed in real-time, offline, transaction indicators, performance indicators over the next few years, and the expected number users.


Technology infrastructure, security and integration are all important to consider. It makes it look more professional and reliable.

Read Also: Consensus Algorithm – What’s a Blockchain Technology Solution?

Leave a Comment

Your email address will not be published.

You may also like


VR Founder Says Bitcoin Is Ponzi Scheme


The person who started the VR field stated that Bitcoin is merely a component of the Ponzi scheme, and not anything else since it’s lucrative for early investors, and less so for late Investors.

In an interview on The Lex Fridman podcast, the founder of Virtual Reality Field, Jaron Lanier, spoke about his negative opinion on bitcoin.

As per Jaron, Bitcoin is profitable for those who invested for a long time or early in the process. Early investors make massive profits, while other late investors made less money.

Jaron’s a Computer scientist, the way he approached it was from an engineering point perspective and stated that Bitcoin’s network with wealthy investors to investors with low income as well as gambling, is closely linked to it. He stated that Bitcoin is a major part of the market, but it’s…

View More Article

Psychology Relationships in Cryptocurrency Trading


Psychology Relationships in Cryptocurrency Trading – Each time you complete another Bitcoin transaction, you’ll be influenced by a strong inner belief system. When you click the button to buy or sell and confirm your goals and perception of your self-worth.

If you get a dose of news that is bullish (bearish) news your financial situation, as well as your self-esteem, could impact. You may overreact and cause you to trade excessively or hesitantly. A fundamental comprehension of the mentality behind Bitcoin trading can help you ensure that your investment and trading strategy is stable.

What is the Psychology In Trading Cryptocurrency?

The psychology of trading is an internal condition of self-awareness, determination, self-esteem and self-control, and a sense of accountability. It affects all aspects of your investment and trading activities and your decisions.

The psychology of…

View More Article

Elon Musk Urges Dogecoin Community To Run Own Nodes


In the past, a DogeCoin developer advised the community to upgrade the node to decrease Doge transaction fees, and also to expand the efficiency of the network.

On October 13, 2021, Shibetoshi Nakamoto ( Billy Markus) the developer of DogeCoin who has left the DogeCoin project, is no longer part of the DogeCoin project, took to Twitter to ask members of the DogeCoin community to help support the DogeCoin network with the latest update of nodes.

Shibetoshi Nakamoto ( Billy Markus)

Shibetoshi tweeted that he would like to maintain the transaction and data of the blockchain system, the running of nodes is a crucial aspect. And it would be better if DogeCoin community members upgrade their nodes to 1.14.4.

Shibetoshi stated that 1.14.4 nodes will be able…

View More Article

Russia Has No Intention To Ban Crypto Like China


The Deputy Finance Minister of Russia confirmed that they are not gonna ban Crypto and also they believe that Blockchain has better potential in the future of Russia.

In the past, many politicians of Russia trolled crypto and crypto related businesses and their statements were showing an indication that the Russian government may ban crypto permanently. But the latest statement by a Russian official gives a better vibe for the crypto community of Russia.

According to a local media report, The deputy finance minister of Russia, Alexey Moiseev, stated that they have no plans to ban crypto totally like China. further added

“At the same time, citizens can buy (cryptocurrencies) and use wallets outside the Russian Federation. So it will remain so, I think. There are no plans to change anything.”

So people have…

View More Article