This research project will suggest guidelines that can be used by practitioners to formally represent the business benefits of blockchain. The business benefits focused on in this study are the increased financial value and the improved productivity. Formal methods will be applied to communicate these business benefits in unambiguous ways. Specifically, financial methods will be applied to quantify the financial value and conceptual modeling methods will be used to model the business processes related to the blockchain technology. Even though the partner organization provides a strong technical solution, there is a need to convince prospective corporate clients of the enterprise blockchain solution’s value proposition. The framework produced by this research project can be applied by the partner organization to clearly define the resulting business benefits, which can better support the value proposition for adopting their blockchain solution.
Victoria Lemieux;Ning Nan
Scott Chu;Jundong Zhang
Professional, scientific and technical services
University of British Columbia
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