Blockchain use to improve business processes and create new lines of business is rapidly growing, and organizations need to consider how this new technology can improve their operations.  This lesson examines how to assess potential blockchain applications for your organization. This is far more difficult than a typical IT project because most blockchain applications require that business partners and/or customers also agree to use the blockchain.

There are dozens of factors that need to be considered in assessing the likely benefits, costs, and returns, so a Multi-criteria decision analysis (MCDA) process is needed to assess blockchain application fit and likely ROI. This course shows how to use a MCDA process (provided on request) to assess potential blockchain applications for your organization.  We also review many of the key criteria such as likelihood of the system’s use and acceptance and common implementation problems.

Course Key Concepts: Blockchain, Distributed Ledger, Information Technology, Process Improvement, Blockchain Applications, Multi-Criteria Decision Analysis, Decision Analysis, Business Operations, Competitive Advantage, Business Strategy, Assessment, Sensitivity Analysis

Learning Objectives
  • Explore how Multi-criteria decision analysis (MCDA) can be used to assess blockchain application fit, likely ROI
  • Discover to use software for MCDA
  • Identify key criteria for blockchain applications
Last updated/reviewed: March 12, 2024

Included In Certifications

This course is included in the following Certification Programs:

10 CoursesBlockchain Applications Analyst Certification

  1. Understanding Blockchain Technology and its Capabilities
  2. Blockchain Use in Supply Chains and Systems Integration
  3. Advanced Blockchain Business Applications
  4. Private, Permissioned, Business Blockchains
  5. Blockchain for Business Process Reengineering and Competitive Advantage
  6. How to Assess Blockchain Value for Your Organization
  7. How to do Multi-Criteria Decision Analysis to assess Blockchain Value for Your Organization
  8. Calculating Blockchain Application ROI
  9. Blockchain Design and Implementation
  10. Blockchain Advanced Uses and Future Developments
1 Review (6 ratings)


Anonymous Author
It was very meaningful to walk through an application of Multi-Criteria Decision Analysis as I see how I can use this tool for both BlockChain assessment but also many other applications for decision making. I look forward to applying this tool in my daily work.

Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course, but completing the Illumeo courses “Understanding blockchain technology and its capabilities,” “Private, Permissioned Blockchains,” and “Blockchain Application” beforehand is highly recommended.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
  Introduction to Multi Criteria Decision Analysis for Assessing Blockchain Application3:16
  MCDA Software Package in Excel15:44
  Usage of MCDA Software Continued7:36
  How To Assess Some Key Criteria for Blockchain Applications21:48
  From Scratch Demonstration:Restaurant BC Application Assessment15:38
  Other Uses and Notes on Multi Criteria Decision Analysis15:22
Continuous Play
  How to do Multi-Criteria Decision Analysis to assess Blockchain Value for Your Organization 1:12:04
Supporting Materials
  Slides: How to do Multi-Criteria Decision Analysis to assess Blockchain Value for Your OrganizationPDF
  How to do Multi-Criteria Decision Analysis to assess Blockchain Value for Your Organization Glossary/IndexPDF
Review And Test