How it works - Product

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Transcript

Next, we'll take a look at the product, how it works section. Um, I'll give you a preference on this one. Sometimes you won't find find this section, it'll be kind of wrapped into a business model or product description. I recommend, like I say from the beginning writing this out and separate it. And if you decide that it's more neatly, red being wrapped into a huge business model section or product description, you can do that as well. So what you want to do is cover the basis is it an app?

Is it a platform? Is it a new blockchain? How does it use the blockchain very quick to the point diagram flowcharts step by steps you want to err on the side of explaining and then showing so you get both guys who learned how to learn through reading and those who learned through visual highlight the key players in the the key steps in this ecosystem. So let's look at a couple examples. And first off, we're back to persona and persona does a really good job of laying this out how the user would interact with this ecosystem. They interact with the blockchain here verify identity identity store.

And so it's a really quick example that technical people and non technical people can kind of get and see how it works. And then they describe how the use of blockchain and the type of system they use the type of this Ark blockchain thing, and they talk about even going to technical stuff here. And this is where you go into the other part. Um, let's take a look at another. This is date coin. And I like this date coin even separates guys girls.

And they, you know, put a little tech in here so you can see how the pattern recognition algorithms and all this stuff, work flowchart diagram, the database, how they make a selection, how they match, and we talked about how it's a little different here. And so then there's another sub chart for just a user verification part. So this is really cool. If you don't understand this, you kind of at least get a point of reference. So we can go and do your own research and decide if this kind of product is for you. And you know the flowchart, analyze images, face recognition, interaction with the neural network, the database and the outcome here.

So I like this, this is really cool. Now take a look at this one. coin starter, on the other hand, has multiple products. So they kind of do a product description for each in here. So you have the starter coin itself, the coin starter box, and they talked about how it works here. So you have an individual how it works paragraph, and how all these products fit together in a nice, neat ecosystem.

So I like this one as well. In business supplies and other sub product of the coin starter offering. Let's look at miner one. And so miner one has a huge business model. question here. So the way they do theirs is that they kind of spread how it works through these things here, the first like about four to five, six pages of the business model.

And so this works for the structure of their paper. So here, you know, they discuss how, how they mine everything. And not the only thing is that flowchart doesn't really, I guess it doesn't fit this product well, and so they didn't do, they did it the way that it worked for their product. So they explain the differences of what they're doing, and highlighted scenarios. So this kind of works for their paper, I would suggest you do yours that way. I would suggest you do something more along the lines of what Coinstar does here and have minor visuals or what persona did and I'll attach those for reference.

So that's it for the how it works section.

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