How to do Multi-Criteria Decision Analysis to assess Blockchain Value for Your Organization

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