A methodology for selection of a Blockchain platform to develop an enterprise system

Nanayakkara, Samudaya; Rodrigo, M.N.N.; Perera, Srinath; Weerasuriya, G. Thilini; Hijazi, Amer A.

doi:10.1016/j.jii.2021.100215

Cited by 81 publications

(29 citation statements)

References 30 publications

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“…This article aims to provide future insights into the development of blockchain security to researchers and stimulate further efforts on blockchain security issues. Nanayakkara et al (2021) discussed how to select a Blockchain platform for developing an organizational system. Blockchain technology was introduced more than a decade ago and has already begun to disrupt traditional business processes.…”

Section: Literature Reviewmentioning

confidence: 99%

Financial Technologies for Accepting Transactions Using Block Chain Technology and Crypto Currency in Digital Marketing

Shahbandi¹

2021

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Recently, block chain technology as an innovative technology has attracted attention and spread. Its potential benefits have led organizations to decide to adopt the technology. Therefore, this research aims for FinTech start-ups to accept financial transactions using block chain technology and crypto currency in digital marketing for the use of users. The present study is a survey and a researcher-made questionnaire. The statistical population of this study includes experts in the field of cryptocurrency and block chain who are scientifically or experimentally familiar with this field. This study shows that FinTech introduces a new paradigm in which information technology drives innovation in the financial industry. As a changing game, FinTech is a destructive innovation that is able to stimulate traditional financial markets. Investors in emerging markets are looking for innovation to gain a foothold.

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Section: Literature Reviewmentioning

confidence: 99%

Financial Technologies for Accepting Transactions Using Block Chain Technology and Crypto Currency in Digital Marketing

Shahbandi¹

2021

IBES

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“…Blockchain 2.0 realized the programmable finance in the financial fields such as the Ethereum. Blockchain 3.0 focuses on using blockchain for various applications in industries other than finance [7]. Currently, Blockchain 3.0 can be well applied in many fields, such as healthcare [8], education [9] and the token economy introduced in this paper.…”

Section: Introductionmentioning

confidence: 99%

A Dual Incentive Value-Based Paradigm for Improving the Business Market Profitability in Blockchain Token Economy

et al. 2022

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Blockchain solves the problem of mutual trust and consensus in the business market of the token economy. In the existing paradigm of blockchain token economy, there are disadvantages of lacking the incentive mechanism, business applications and virtual token value. These shortcomings reduce consumers’ willingness to consume and the profits of the merchants. In this paper, we propose a novel “Dual incentive value-based” paradigm to improve the business market profitability in blockchain token economy. To evaluate our proposed paradigm, we propose a business study case for improving merchants’ environment state. In this case, we set up two economic models and make simulations to validate the profitability. The result shows that merchants with the novel paradigm have 32% more profit compared with those without the paradigm and at most 10% more profitable than those in existing paradigms.

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“…For this purpose, different methods have been devised. For example, analytical hierarchy process (AHP) [13], simple multi-attribute rating technique (SMART) and VIseKriterijumska Optimizacija I Kompromisno Resenje (VIKOR) [14] have been applied solely [15] or in combination such as AHP and VIKOR [16], must-have, should-have, could-have, and wont-have (MoSCoW) prioritizing technique and technique for order of preference by similarity to ideal solution (TOPSIS) [17], double normalization-based multiple aggregation (DNMA) and criteria importance through inter-criteria correlation (CRITIC) [18]. A set of several MCDM methods (fuzzy VIKOR, TOPSIS and evaluation based on distance from average solution-EDAS) have been implemented for selecting a data storage platform [19,20].…”

Section: Introductionmentioning

confidence: 99%

Blockchain Software Selection as a Fuzzy Multi-Criteria Problem

et al. 2021

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Increased consumer requirements for quality, safety and traceability of goods in supply chains has accelerated the implementation of blockchain during the COVID-19 pandemic. The right choice of blockchain software is a complicated task and an important prerequisite for successful deployment. In this study, we propose a conceptual framework for group multi-criteria selection of blockchain software in fuzzy environment according to organization needs and experts’ judgements. The applicability of the new framework has been verified through an illustrative example for ranking blockchain systems. The evaluations of compared alternatives were calculated by using measurement of alternatives and ranking according to the compromise solution (MARCOS) method. The robustness of the new framework was proven by sensitivity analysis in which two (crisp and fuzzy) MARCOS models with two different sets of weighting coefficients were compared.

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A methodology for selection of a Blockchain platform to develop an enterprise system

Cited by 81 publications

References 30 publications

Financial Technologies for Accepting Transactions Using Block Chain Technology and Crypto Currency in Digital Marketing

Financial Technologies for Accepting Transactions Using Block Chain Technology and Crypto Currency in Digital Marketing

A Dual Incentive Value-Based Paradigm for Improving the Business Market Profitability in Blockchain Token Economy

Blockchain Software Selection as a Fuzzy Multi-Criteria Problem

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