Analysis of a Blockchain use case: Bank guarantess

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What is the use case?

The use case is the use of a distributed ledger technology for bank guarantees in commercial property leasing.

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(Figure 1 — (Westpac, 2017))
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(Figure 2 — (Westpac, 2017))

Key criteria (As per strategy document):

1. Is there a predictable, repeatable process that lends itself well to automation?

Protocol layer

● Is it possible to use public blockchains, or is there a defined need for a private implementation?

Network layer

Who needs to run a node? Who has read access? Who has write access?

Application layer

Who is going to use the application? What are the implications for user experience and design?

Emerging Technology Enthusiast | Digital Asset Management | Quantitative Strategy | Financial Markets

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