Blockchain for Businesses: A Scoping Review of Suitability Evaluations Frameworks

Blockchain is an emerging technology that is increasingly being applied in both industrial and academic contexts. Cryptocurrency is a major application of blockchain in the financial sector, but the technology is expected to disrupt other industries. In fact, it has influenced many businesses and re...

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Autores principales:	Tomader Abduaziz Almeshal, Areej Abdullah Alhogail
Formato:	article
Lenguaje:	EN
Publicado:	IEEE 2021
Materias:	Blockchain distributed ledger suitability evaluation applicability evaluation decision models multi criteria decision making (MCDM) Electrical engineering. Electronics. Nuclear engineering TK1-9971
Acceso en línea:	https://doaj.org/article/793ee233a496457a820ce0bd77897aff
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spelling	oai:doaj.org-article:793ee233a496457a820ce0bd77897aff2021-11-26T00:00:42ZBlockchain for Businesses: A Scoping Review of Suitability Evaluations Frameworks2169-353610.1109/ACCESS.2021.3128608https://doaj.org/article/793ee233a496457a820ce0bd77897aff2021-01-01T00:00:00Zhttps://ieeexplore.ieee.org/document/9617460/https://doaj.org/toc/2169-3536Blockchain is an emerging technology that is increasingly being applied in both industrial and academic contexts. Cryptocurrency is a major application of blockchain in the financial sector, but the technology is expected to disrupt other industries. In fact, it has influenced many businesses and reshaped private and public sector activities. Therefore, there is growing interest in blockchain-based solutions, and applications have evolved in finance, insurance, logistics, government, education, and healthcare. Applications built on blockchains benefit from fair access, transparency, and immutability; these properties have attracted business owners and practitioners to explore blockchain opportunities beyond cryptocurrency, motivating them to investigate how they can benefit from the technology and also to evaluate its compatibility with their strategic orientation. Suitability evaluation (or applicability evaluation) has always been a crucial step for the successful adaptation of any innovative technology, including blockchain. Hence, this paper investigates how the current literature has addressed blockchain suitability evaluation for business cases beyond cryptocurrency. A scoping review is presented that examines the evaluation models and frameworks that have been developed to assist decision-makers regarding blockchain adoption. The results indicate that blockchain evaluation methodologies have utilized varied approaches and serve diverse objectives, which are applicable for different technology adoption stages. Through this scoping review, blockchain evaluation initiatives are classified into five categories, and a critical analysis is offered of the evaluation models under each category. As such, this scoping review overviews existing methodologies for blockchain evaluation approaches with a focus on context, identified assessments factors, assessment process, and evaluation dimensions.Tomader Abduaziz AlmeshalAreej Abdullah AlhogailIEEEarticleBlockchaindistributed ledgersuitability evaluationapplicability evaluationdecision modelsmulti criteria decision making (MCDM)Electrical engineering. Electronics. Nuclear engineeringTK1-9971ENIEEE Access, Vol 9, Pp 155425-155442 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Blockchain distributed ledger suitability evaluation applicability evaluation decision models multi criteria decision making (MCDM) Electrical engineering. Electronics. Nuclear engineering TK1-9971
spellingShingle	Blockchain distributed ledger suitability evaluation applicability evaluation decision models multi criteria decision making (MCDM) Electrical engineering. Electronics. Nuclear engineering TK1-9971 Tomader Abduaziz Almeshal Areej Abdullah Alhogail Blockchain for Businesses: A Scoping Review of Suitability Evaluations Frameworks
description	Blockchain is an emerging technology that is increasingly being applied in both industrial and academic contexts. Cryptocurrency is a major application of blockchain in the financial sector, but the technology is expected to disrupt other industries. In fact, it has influenced many businesses and reshaped private and public sector activities. Therefore, there is growing interest in blockchain-based solutions, and applications have evolved in finance, insurance, logistics, government, education, and healthcare. Applications built on blockchains benefit from fair access, transparency, and immutability; these properties have attracted business owners and practitioners to explore blockchain opportunities beyond cryptocurrency, motivating them to investigate how they can benefit from the technology and also to evaluate its compatibility with their strategic orientation. Suitability evaluation (or applicability evaluation) has always been a crucial step for the successful adaptation of any innovative technology, including blockchain. Hence, this paper investigates how the current literature has addressed blockchain suitability evaluation for business cases beyond cryptocurrency. A scoping review is presented that examines the evaluation models and frameworks that have been developed to assist decision-makers regarding blockchain adoption. The results indicate that blockchain evaluation methodologies have utilized varied approaches and serve diverse objectives, which are applicable for different technology adoption stages. Through this scoping review, blockchain evaluation initiatives are classified into five categories, and a critical analysis is offered of the evaluation models under each category. As such, this scoping review overviews existing methodologies for blockchain evaluation approaches with a focus on context, identified assessments factors, assessment process, and evaluation dimensions.
format	article
author	Tomader Abduaziz Almeshal Areej Abdullah Alhogail
author_facet	Tomader Abduaziz Almeshal Areej Abdullah Alhogail
author_sort	Tomader Abduaziz Almeshal
title	Blockchain for Businesses: A Scoping Review of Suitability Evaluations Frameworks
title_short	Blockchain for Businesses: A Scoping Review of Suitability Evaluations Frameworks
title_full	Blockchain for Businesses: A Scoping Review of Suitability Evaluations Frameworks
title_fullStr	Blockchain for Businesses: A Scoping Review of Suitability Evaluations Frameworks
title_full_unstemmed	Blockchain for Businesses: A Scoping Review of Suitability Evaluations Frameworks
title_sort	blockchain for businesses: a scoping review of suitability evaluations frameworks
publisher	IEEE
publishDate	2021
url	https://doaj.org/article/793ee233a496457a820ce0bd77897aff
work_keys_str_mv	AT tomaderabduazizalmeshal blockchainforbusinessesascopingreviewofsuitabilityevaluationsframeworks AT areejabdullahalhogail blockchainforbusinessesascopingreviewofsuitabilityevaluationsframeworks
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Blockchain for Businesses: A Scoping Review of Suitability Evaluations Frameworks

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