Belt & Road DLT Business

The main value proposition of the Belt & Road Initiative is economic development. The main value proposition of blockchain or decentralized ledger technology (DLT) is trusted database networks. Any DLT-enabled database networks managing the flow of (virtue) goods or services along the Belt & Road capture and deliver value.

Trust in the true identity can be more important than the true data or information. For example, those who appreciate my virtual goods (such as travel photos published on-line) and would like to pay copyright royalties to me for using them should only pay me and not the wrong person. The DLT soft structure should focus on identity and access management as its main value proposition, and an instructive precedent is the Internet Domain Name System (DNS).

DNS translates website addresses into the numerical language that internet-connected computers or device can communicate. A non-profit entity ie the Internet Corporation for Assigned Names and Numbers (ICANN) is responsible for co-ordinating the maintenance and procedures. Any issue of domain name ownership is resolved under ICANN's Uniform Domain-Name Dispute Resolution Policy (UDRP).

Every entrepreneur would like to capture and deliver value to markets near and far eg to seize the Belt & Road business opportunities. Making use of possible Belt & Road DLT-backed supply chain database electronic networks eg via Hong Kong can save the costs in knowing your customer. Thus, one essential functional Belt & Road DLT-backed business application is to invest, design, build and maintain a general or sector-specific identity and access management system that caters for the needs of relevant entities!

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