You are being redirected because this document is part of your ASTM Compass® subscription.
    This document is part of your ASTM Compass® subscription.

    If you are an ASTM Compass Subscriber and this document is part of your subscription, you can access it for free at ASTM Compass

    A Decision-Making Framework for Blockchain Technology Selection

    (Received 15 July 2019; accepted 18 October 2019)

    Published Online: 19 November 2019

    CODEN: SSMSCY

      Format Pages Price  
    PDF (927.61 KB) 21 FREE   ADD TO CART

    Cite this document

    X Add email address send
    X
      .RIS For RefWorks, EndNote, ProCite, Reference Manager, Zoteo, and many others.   .DOCX For Microsoft Word



    Abstract

    As the concept of the visible product lifecycle and product tracking becomes important to consumers, emerging technologies such as Internet of Things (IoT)-based networks and Blockchain platforms are considered promising solutions by Original Equipment Manufacturers (OEMs) to increase their brand reputation, improve their consumers’ experiences, and reduce their operational costs. However, costly implementation, data verification issues, and the risk of uploading inaccurate information on those platforms have limited the adoption rate and capabilities offered by the aforementioned technologies. Companies often face the question of what type of distributed ledger technology and verification protocol is more efficient in terms of operational costs as well as security. The purpose of this study is to develop an optimization framework to make a trade-off between the cost of implementation of the technology and the security level. The framework is developed based on utility theory principles. The main focus is to discuss the cost associated with various aspects of technology implementation. Finally, this general cost framework is shown as a demo for an example of the food supply chain.

    Author Information:

    Gopalakrishnan, Praveen Kumare
    Mechanical and Aerospace Engineering, University at Buffalo – The State University of New York, Buffalo, NY

    Ananth, Varsha
    Industrial and Systems Engineering, Binghamton University, Binghamton, NY

    Lewis, Kemper
    Mechanical and Aerospace Engineering, University at Buffalo – The State University of New York, Buffalo, NY

    Behdad, Sara
    Mechanical and Aerospace Engineering, Industrial and Systems Engineering, University at Buffalo – The State University of New York, Buffalo, NY


    Stock #: SSMS20190021

    ISSN: 2520-6478

    DOI: 10.1520/SSMS20190021

    Author Praveen Kumare Gopalakrishnan, Varsha Ananth, Kemper Lewis, Sara Behdad
    Title A Decision-Making Framework for Blockchain Technology Selection
    Symposium , 0000-00-00
    Committee E60