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The purpose of this list is to help ToIP Ecosystem Solution Providers prioritize questions to ask themselves within their decisioning process of selecting a Utility.
Categories | Question |
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1. Business Model / Sustainability | - What is the cost of writing to the ledger?
- What is the cost of running a node?
- Do I have to run a node?
- Is there financial incentive for me to run a node?
- Is the business model of the utility platform viable?
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2. Product Governance | - What is the minimum count of nodes of my utility needed to be considered as decentralized and censorship resistant?
- Do I want the utility I use to have permissioned of public write access?
- Do I want my Utility to have public read access?
- Do I want permissioned or public nodes?
- Does my utility need to be an open source project?
- Who has influence on the product roadmap?
- Who can make changes to the product?
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3. Legal Governance | - Do I have a particular legal entity structure needed around my utility?
- Is there a need for my utility to meet localized privacy regulations?
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How do I measure trust across these categories?