How can you negotiate a successful blockchain plan?

Understanding the problem for a better blockchain execution plan also involves trends learning and different tradeoffs between different implementations for this type of problem ( if someone has already taken some step in that direction ). Understanding building custom blockchains, public & and private blockchain frameworks, the tradeoffs between different layer-2 scaling solutions, and Zero knowledge proofs really come in handy. In the end, it's upon you, to understand the requirements, ask the right questions, analyzing according to your knowledge, and peer discussion will immensely boost the effectiveness of your blockchain execution plan

Successfully implementing a blockchain plan in a business requires knowing what the advantages of blockchain technology are: 1st.- increases trust, security, transparency and traceability of data shared in a business network, increasing cost savings thanks to its new efficiencies. 2nd.- Network members control what information each organization or member can see, and what actions each one can take. 3º.- By greatly reducing paperwork and errors, blockchain significantly reduces overall and transaction costs, and reduces or eliminates the need for third parties or intermediaries to verify transactions. But it is not easy to negotiate the creation of a blockchain ecosystem.

A successful blockchain plan requires understanding stakeholder needs, defining clear goals, conducting a feasibility assessment, identifying key requirements, negotiating terms and agreements, ensuring legal compliance, managing technical implementation risks, securing funding and resources, establishing governance and decision-making processes, maintaining open communication, fostering collaboration, and continuously evaluating and adapting the strategy. This approach ensures alignment of interests, risk management, and value creation through blockchain technology implementation.

One of the items that must be included in the terms and conditions of a blockchain program is detailed information on the risks of implementing this technology. General blockchain risks that can affect any blockchain project include the following: 1st.- Blockchain protocols are difficult to integrate. 2º.-Lack of standardization. 3º.- Underdeveloped Standards 4º.- High Energy Demand. 5º.- Inadequacy of Privacy and data protection legislation in the blockchain environment.

Is it possible to integrate blockchain technology in a notary's office? As can be deduced from the exposed mechanism, the blockchain is a registration system, but it contributes nothing to the function of legal control and legality and consent information provided by the notary in the public document. The blockchain is blind. It is unknown whether the grantors have capacity or not, whether a power of representation is sufficient, whether the mandatory norms of civil, urban planning, environmental, corporate law, etc. are complied with. In short, the blockchain could replace the registry but not the function of the Latin-Germanic notary. In my opinion, the future of a notary may revolve around blockchain.