Decentralized Lean Business Model Canvas for Blockchain-Based Enterprises

Abstract

A generic decentralized lean business model canvas was developed using the principles of business process management and lean six sigma for blockchain-based systems presented in this study. Based on the literature review, it was found that business model canvas and lean canvas are some of the most widely used management tools. Business Model Canvas can be used for selling a specific product and lean canvas can be used for solving a specific problem. Based on Business Model Canvas, a Decentralized Business Model canvas for decentralized space was developed in which the key parameters such as Problem definition, Key resources, Key activities, and learning were missing. As the Learn Parameter is missing, there is no mechanism for rectification of error/problems and it does not take into account the principles of Business Process Management and Lean Six Sigma. As many companies who have already implemented the principles of Business Process Management and Lean Six Sigma are now moving to establish blockchain in their business. Also, several startups use blockchain ideals in their business model. This motivated us to develop a novel decentralized lean business model canvas template. This can be made suitable for any blockchain-based use cases to make strategic management plans. It uses 13 key parameters and overcomes the limitations posed by other canvases. Validation of the decentralized lean business model canvas was done by considering a use case scenario for scholarly communication and scientific publishing. The proposed system competes on time, cost, quality, security, and trust.

Bidirectional Blockchain-Based Secure Data Transfer Using GALOEEM Routing Protocol in WSN

“…Authors of Sivakumar and Chawla (2022), approach to developing business models for blockchain-based enterprises. The proposed canvas is shown to be effective in capturing the unique features of blockchain technology and providing a comprehensive framework for developing business models.…”

Pengembangan Model Bisnis Layanan Mobile Banking PT. Bank Nagari menggunakan Business Model Canvas

“…Untuk itu, PT. Bank Nagari perlu memiliki pemahaman yang baik tentang lingkungan bisnis yang memungkinkan perusahaan untuk mengevaluasi atau bahkan mengembangkan model bisnis potensial kedepan [12]. Dimana, model bisnis merupakan langkah-langkah dasar yang harus diikuti untuk menciptakan dan meningkatkan nilai perusahaan yang merinci transaksi spesifik dengan pelanggan dan mitra jaringan nilai lainnya dan mengoordinasikan sumber daya dan kemampuan yang diperlukan [13].…”