Towards a Framework for Evaluation of Blockchain Implementations

Abstract

Organizations appear to implement blockchain solutions based on fear of missing out instead of a clear understanding of blockchain usefulness. Actually, ninety percent of current blockchain projects do not need a blockchain to meet their requirements. Therefore, we employ a Design Science Research approach to develop a framework for evaluation of blockchain implementations. The framework incorporates common factors of blockchain decisions, including blockchain innovation, blockchain design, inter-organizational integration, and implementation environment. We contribute to the scientific literature by structuring previous research efforts in a four-step framework, which provides a fruitful ground for future conceptual and empirical studies. For practitioners, the framework is useful to identify blockchain projects that facilitate purposeful blockchain adoption.