Videos
Welcome to our Video Library, where you can access all the insightful videos. Our collection covers a range of topics, from foundational concepts to advanced strategies, providing you with a comprehensive understanding of the latest trends and innovations from past Devday, Conferences, etc.
Solving real world enterprise problems using Blockchain
By Srimathi Harinarayanan
October 18, 2024
Summary
- Incremental Delivery: When working with smart contracts, it's essential to adopt incremental delivery approaches. This means adding features by feature, rather than trying to deploy a massive contract at once.
- Versioning and Upgrades: To facilitate upgrades, we must introduce versioning concepts and carefully plan how to integrate new code into the existing contract. This ensures seamless deployment without disrupting the network.
- Separate Code from Data: Smart contracts should keep execution logic (code) separate from data storage. This allows for easier maintenance and updates.
- Consensus Algorithm Selection: When choosing a consensus algorithm, consider the specific needs of your use case. For our example, we opted for Proof of Authority, which is well-suited for private networks with known stakeholders.
- Immutable by Design: Embrace the immutability of blockchain technology, but be judicious in applying it to each use case. Not every problem requires a smart contract solution.
- Business Collaboration: Collaborate closely with stakeholders to understand use cases and determine what should be stored on the ledger. Weigh the trade-offs carefully.
- Prepare for Pivots: Be prepared to iterate and pivot as needed, acknowledging that complex systems often require multiple attempts to achieve success.
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