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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: December 28 2019

Included In Certifications

This course is included in the following Certification Programs:

10 CoursesCertified Blockchain Applications Analyst

  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

Prerequisites

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 .
Course Syllabus
INTRODUCTION AND OVERVIEW
  3:16Introduction to Multi Criteria Decision Analysis for Assessing Blockchain Application
  15:44MCDA Software Package in Excel
  7:36Usage of MCDA Software Continued
  21:48How To Assess Some Key Criteria for Blockchain Applications
  15:38From Scratch Demonstration:Restaurant BC Application Assessment
  15:22Other Uses and Notes on Multi Criteria Decision Analysis
Continuous Play
  1:12:04How to do Multi-Criteria Decision Analysis to assess Blockchain Value for Your Organization
Supporting Materials
  PDFSlides: How to do Multi-Criteria Decision Analysis to assess Blockchain Value for Your Organization
  PDFHow to do Multi-Criteria Decision Analysis to assess Blockchain Value for Your Organization Glossary/Index
Review And Test
  quizREVIEW QUESTIONS
 examFINAL EXAM