How do I determine costs for a pilot and what do costs depend on?
As you might expect, the costs related to participating in a blockchain pilot are unique to each business use case. For this reason, it is difficult to put an exact number on it.
It is important to understand that enterprise blockchain solutions mirror traditional cloud applications in terms of infrastructure, so there really is nothing novel about blockchain that inflates cost. To determine costs, it is necessary to consider and evaluate the work required to develop applications and integrate the blockchain into your existing systems. Additionally, there may be minimum requirements for the network that must be met, e.g. number of nodes, amount of compute, etc.
Depending on the agreed upon node configurations and minimum requirements, costs can be modeled and managed up front. Cloud infrastructure providers like AWS or Azure provide cost calculators that give estimates based off of anticipated load (amount of data being processed), network utilization, consumption, and how many transactions are expected to be processed.
To get a better idea of costs related to your specific use case, consider consulting a systems integrator at SPR.