The business model of the trusted third party is indeed affected by the switch to a blockchain, but it also offers the TTP a new business model. In our business case, we want to use a permissioned blockchain as the transactions shouldn't be available publicly. The TTP could offer an industry-specific blockchain platform and provide IT services, such as a Platform as a Service (PaaS), managing partner adoption/registration, and smart contract consulting (for example, acting as a trusted verifier of the smart contract code).
The impact it has on the TTP
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