A Framework for Determining Blockchain Applicability

Researchers analyzed 23 blockchain implementation projects, each tracked for design decisions and architectural alignment showing benefits, detriments, or no effects from blockchain use. The results provide the basis for a framework that lets engineers, architects, investors, and project leaders eva...

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Bibliographic Details
Published inIEEE software Vol. 35; no. 4; pp. 70 - 77
Main Author Scriber, Brian A.
Format Journal Article
LanguageEnglish
Published Los Alamitos IEEE 01.07.2018
IEEE Computer Society
Subjects
Applications
Blockchain
blockchains
Computer architecture
Cryptography
Decision analysis
distributed ledgers
Ecosystems
efficiency
identity
immutability
Investment
patterns
software architectures
software development
software engineering
Technology assessment
transaction
Transactional analysis
transparency
trust
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Summary:Researchers analyzed 23 blockchain implementation projects, each tracked for design decisions and architectural alignment showing benefits, detriments, or no effects from blockchain use. The results provide the basis for a framework that lets engineers, architects, investors, and project leaders evaluate blockchain technology's suitability for a given application. This analysis also led to an understanding of why some domains are inherently problematic for blockchains. Blockchains can be used to solve some trust-based problems but aren't always the best or optimal technology. Some problems that can be solved using them can also be solved using simpler methods that don't necessitate as big an investment.
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ISSN:0740-7459
1937-4194
DOI:10.1109/MS.2018.2801552