How would you define the success of QI Tech's blockchain-based identity verification system?

Introduction

Defining the success of QI Tech's blockchain-based identity verification system requires a comprehensive approach that considers multiple stakeholders and metrics. To address this product success metrics challenge effectively, I'll follow a structured framework covering core metrics, supporting indicators, and risk factors while considering all key stakeholders.

Step 1

Product Context

QI Tech's blockchain-based identity verification system is a cutting-edge solution designed to provide secure, decentralized identity verification for various applications. Key stakeholders include:

1. End-users seeking secure identity verification
2. Businesses integrating the system into their platforms
3. Regulatory bodies overseeing compliance
4. QI Tech's internal teams (product, engineering, sales)

The user flow typically involves:

1. User registration and initial identity submission
2. Verification process using blockchain technology
3. Ongoing identity management and updates

This product aligns with QI Tech's strategy to lead in secure, decentralized technologies. Compared to traditional centralized systems, it offers enhanced security and user control. The product is in the growth stage, gaining traction but still evolving.

Software-specific context:

• Built on a hybrid blockchain platform
• Integrates with existing identity management systems
• Deployed as a cloud-based service with on-premise options