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Priority evaluation factors for blockchain application services in public sectors.

Joongyeup Lee1, Beomsoo Kim2, Ae Ri Lee3

  • 1Software Policy Research Team, Software Policy & Research Institute, Seongnam, Republic of Korea.

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Summary

This study presents a framework for evaluating blockchain service utility, aiding businesses in determining optimal applications. It provides a systematic approach to blockchain adoption, ensuring effective integration into the digital economy.

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Area of Science:

  • Computer Science
  • Information Systems
  • Business Administration

Background:

  • Blockchain technology is a foundational element of the Fourth Industrial Revolution.
  • Effective application of blockchain can drive innovation in existing industries and create new services.
  • A systematic approach is needed to evaluate blockchain's utility for specific business applications.

Purpose of the Study:

  • To investigate critical factors for applying blockchain technology in business.
  • To develop a framework for evaluating blockchain service utility.
  • To provide a systematic foundation for blockchain business review and policy development.

Main Methods:

  • Analytic Hierarchy Process (AHP) for developing evaluation indexes.
  • Delphi method for identifying effective blockchain application service cases.
  • Application of the evaluation framework to public sector use cases.

Main Results:

  • A comprehensive framework of utility evaluation indexes for blockchain services was developed.
  • Highly effective blockchain application service cases were identified using the framework.
  • A systematic approach to blockchain business review was established, moving beyond fragmentary decision trees.

Conclusions:

  • The proposed framework offers a systematic foundation for blockchain business review and policy development.
  • This study addresses the 'why blockchain' question with a more comprehensive approach.
  • The evaluation solution promotes efficient policies and successful development of blockchain application services for the digital economy.