Identifying and Scoping Context-Specific Use Cases For Blockchain-Enabled Systems in the Wild.

Abstract

Advances in technology often provide a catalyst for digital innovation. Arising from the global banking crisis at the end of the first decade of the 21st Century, decentralised and distributed systems have seen a surge in growth and interest. Blockchain technology, the foundation of the decentralised virtual currency Bitcoin, is one such catalyst. The main component of a blockchain, is its public record of verified, timestamped transactions maintained in an append-only, chain-like, data structure. This record is replicated across n-nodes in a network of co-operating participants. This distribution offers a public proof of transactions verified in the past. Beyond tokens and virtual currency, real-world use cases for blockchain technology are in need of research and development. The challenge in this proof-of-concept research is to identify an orchestration model of innovation that leads to the successful development of software artefacts that utilise blockchain technology. These artefacts must maximise the potential of the technology and enhance the real-world business application. An original two phase orchestration model is defined. The model includes both a discovery and implementation phase and implements state-of-the-art process innovation frameworks: Capability Maturity Modelling, Business Process Redesign, Open Innovation and Distributed Digital Innovation. The model succeeds in its aim to generate feasible problem-solution design pairings to be implemented as blockchain enabled software systems. Three systems are developed: an internal supply-chain management system, a crowd-source sponsorship model for individual players on a team and a proof-of-origin smart tag system. The contribution is to have defined an innovation model through which context-specific blockchain usecases can be identified and scoped in the wild

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