162  Blockchain

• Does our business have a requirement to reduce and/or avoid multiple

human errors with digital transactions?

As mentioned in the above points, any company with digital busi-

ness may benefit from the use of smart contracts. If the business needs

to deal with a huge volume of digital transactions and the process is

manual, there is high probability of human errors. Smart contract can

reduce the human errors when appropriately used (Figure 5.6).

CONCLUSION WITH BLOCKCHAIN FIT SCORE

Throughout this chapter, we discussed about blockchain use cases that do

not fit the purpose. Organisations can waste their resource time and budget

on a wrong use case that could have been successfully implemented using

other selections of technologies. Blockchain implementation can be a very

expensive exercise. Organisations need to review their business problem

and select an appropriate technology to solve it effectively. The framework

and decision tree discussed in this chapter can assist organisations in mini-

mising the mistakes, saving them cost and time.

Smart contract use -

selection requirements

Does your business

involve multiple

intermediators?

Does your business

involve in a workflow to

transfer the assets?

Does your business

involve with workflow

to comply with legal

laws?

Does your business have

a requirement to reduce

multiple human errors?

Does your business have

requirements to reduce

operational costs?

Blockchain smart

contract technology is a

good fit

Smart contract will not

provide any value add

Smart contract will not

provide any value add

Smart contract will not

provide any value add

Smart contract will not

provide any value add

Smart contract will not

provide any value add

YES

YES

YES

YES

YES

NO

NO

NO

NO

NO

Figure 5.6  Blockchain smart contract use – decision tree.