Early Identification of Potential Distributed Ledger Technology Business Cases Using e3value Models

Poels, Geert; Kaya, Fadime; Verdonck, Michaël; Gordijn, Jaap

doi:10.1007/978-3-030-34146-6_7

Cited by 5 publications

(4 citation statements)

References 5 publications

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“…Based on the requirements stated by Poels et al, 43 the e3 value model has fulfilled the following points:…”

Section: Early Identification Of Blockchain Use Casementioning

confidence: 99%

“…According to Poels et al, 43 the requirements of a blockchain business case are to remove the middleman, to provide trust, and to maintain the integrity of the data by making it immutable. In this case, the e3 value model shows how blockchain technology provides a mechanism to incorporate the attributes stated above.…”

Section: Walkthrough Example Of Eaommentioning

confidence: 99%

“…Based on the requirements stated by Poels et al, 43 the e3 value model has fulfilled the following points: Eliminate middleman (Requirement 1): The aggregator acts as a middleman to handle the ticketing and transaction. Establish trust (Requirement 2): No middle party is involved. The process is transparent and fair. Immutable data history (Requirement 3): The aggregator will keep track of the ticket and transaction through the use of smart contact.…”

Section: Walkthrough Example Of Eaommentioning

confidence: 99%

See 2 more Smart Citations

eAOM: Extended agent‐oriented modeling as an alternative methodology for blockchain enabling application development

WaiShiang,

Ten LiBin,

Phang

et al. 2023

J Software Evolu Process

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Blockchain applications are gradually receiving wide acceptance as a transformative technology that could potentially bring a reformation in the industry. Blockchain handles sensitive data through cryptography, consensus mechanism, transaction immutability, and peer‐to‐peer network to manage decentralized data features. In addition to ensuring operational efficiency, blockchain development is a complex and challenging process, which warrants further exploration. In an attempt to reduce the complexity of the development, various software methodologies have been introduced to support the development of blockchain applications systematically. It has been found that those methodologies introduced structured processes that are not suitable for software models. Moreover, all models are generic and do not take into blockchain concept as first‐class entities. Hence, there is a gap in extending and transforming the current blockchain modeling and practices when developing a blockchain application. This paper introduces a new insight and innovative methodology for blockchain‐based application development through extended agent‐oriented modeling (eAOM) to discover blockchain opportunities and contribute to the growth of the technology. With eAOM, the blockchain modeling processes start with requirement elicitation, computation independent modeling, early identification of blockchain use case, platform independent modeling, and platform specific model. A walkthrough example of a blockchain application, “win a fortune games” has showcased the feasibility of eAOM in modeling blockchain enabling application development in a systematic manner. A usability analysis is conducted among novice students to test the usability of eAOM versus original AOM in modeling blockchain application development. From the findings, 44% of the students managed to capture more than 80% of blockchain requirements through eAOM. On the other hand, 51% of the students scored between 20% and 60% of the blockchain requirement, and only 5% of the students failed to model blockchain requirements through eAOM. The results reveal the usage of the eAOM to model blockchain‐enabled application comprehensively.

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“…Based on the requirements stated by Poels et al, 43 the e3 value model has fulfilled the following points:…”

Section: Early Identification Of Blockchain Use Casementioning

confidence: 99%

Section: Walkthrough Example Of Eaommentioning

confidence: 99%

Section: Walkthrough Example Of Eaommentioning

confidence: 99%

See 1 more Smart Citation

eAOM: Extended agent‐oriented modeling as an alternative methodology for blockchain enabling application development

WaiShiang,

Ten LiBin,

Phang

et al. 2023

J Software Evolu Process

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show abstract

“…Another approach used the e 3 -value method to identify and evaluate blockchain use cases and also demonstrates the value of BMR for business analysis and strategic decision making [27].…”

Section: Related Workmentioning

confidence: 99%

A Modeling Approach for Blockchain-inspired Business Models: An Extension of the e3 -Value Method

Perrelet¹,

Fill²,

Dibbern³

2022

Proceedings of the Annual Hawaii International Conference on System Sciences

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Blockchain enables new ways of organizing economic activities. Blockchain promises to reduce costs and time associated with intermediaries and strengthen trust in an ecosystem of actors. The impact of this promising technology is reflected in an emerging stream of research and various companies exploring the potential uses of blockchain technology and building new blockchain-inspired business models. While there are promising use cases of this new technology, research and practice are still in their early stages in terms of changing existing and creating new business models.We propose an extension of the e 3 -value method to capture and represent the characteristics of blockchain-inspired business models. The approach is particularly useful for the value-based analysis of blockchain-inspired business models and the fundamental economic evaluation of these.It provides the foundation for capturing, communicating, innovating and experimenting with blockchain-inspired business models. We demonstrate the practicality of the extended e 3 -value method by evaluating and applying it to an existing blockchain business model.

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Conceptual Modeling in Support of Economic and Regulatory Viability Assessment - A Reality Check on the Example of Developing an Energy Community

de Kinderen,

Ma,

Kaczmarek-Heß

et al. 2023

Lecture Notes in Computer Science

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Early Identification of Potential Distributed Ledger Technology Business Cases Using e3value Models

Cited by 5 publications

References 5 publications

eAOM: Extended agent‐oriented modeling as an alternative methodology for blockchain enabling application development

eAOM: Extended agent‐oriented modeling as an alternative methodology for blockchain enabling application development

A Modeling Approach for Blockchain-inspired Business Models: An Extension of the e3 -Value Method

Conceptual Modeling in Support of Economic and Regulatory Viability Assessment - A Reality Check on the Example of Developing an Energy Community

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