Minimum Viable Ecosystem tops Minimum Viable Product in Hyperledger Blockchain for Business.
As Hyperledger Blockchain continues to gain traction in enterprise organizations, patterns and best practices are starting to emerge. One of the clear new perspectives is the importance of the network, or ecosystem. Blockchain for Business enables trust across participating entities instead of just the miners and owners of a crypto currency, and defining, creating, operating, and enabling those networks is key to achieving the maximum benefits of a business blockchain.
Supply chain management presents a clear example, as most products are touched by many hands among the raw materials suppliers, the transporters, the manufactures, the wholesalers and retailers, and end consumers and regulators. The elimination of duplicate data input, data transport, data reconciliation, and data synchronization delivers good benefits when even just 2 entities of the supply chain share a blockchain distributed ledger. But the results become great and even more dramatic when all entities are using the same blockchain.
Data / asset provenance is a valuable benefit of Blockchain generally, and even more so in supply chain management. However any missing members could negate many of those benefits, especially for recalls or other defect tracking. The more important provenance is for a business network use case, the more important it is to identify the crucial members. It may not be as important to track an automobile purchaser back to the dealer as to track a defective air bag component back to the manufacturer. However a food supply chain may need the grocery store and the distributor and the transporter and the farmer to effectively track the source of an e. coli outbreak.
So while identifying the application functionality is of course required, designing and building the MVE is necessary to accurately define the MVP. And building the full ecosystem is strongly desired to receive the maximum benefits. A fantastically built application is useless without adoption across a network and organizations should identify and build the MVE before finalizing the MVP.
Hyperledger Blockchain for Business is really about the network even more than the application functionality. Belltane works with organizations in the critical task of identifying, defining, and implementing blockchain business networks as well as providing the applications and services for those networks to create total Hyperledger Blockchain solutions.