A decision-making framework for evaluating appropriate business blockchain platforms using multiple preference formats and VIKOR


INFORMATION SCIENCES, vol.571, pp.337-357, 2021 (SCI-Expanded) identifier identifier

  • Publication Type: Article / Article
  • Volume: 571
  • Publication Date: 2021
  • Doi Number: 10.1016/j.ins.2021.04.044
  • Journal Indexes: Science Citation Index Expanded (SCI-EXPANDED), Scopus, Academic Search Premier, Aerospace Database, Applied Science & Technology Source, Business Source Elite, Business Source Premier, Communication Abstracts, Computer & Applied Sciences, INSPEC, Library, Information Science & Technology Abstracts (LISTA), Metadex, MLA - Modern Language Association Database, zbMATH, Civil Engineering Abstracts
  • Page Numbers: pp.337-357
  • Keywords: Blockchain, Distributed ledger technology, Multiple criteria decision-making, Decision support system, Multiple preference formats, VIKOR method, MODEL, INFORMATION
  • Galatasaray University Affiliated: Yes


The blockchain is a shared, reliable, public transaction ledger that can be programmed for virtually anything valuable. Blockchains in terms of permissions and transactions with private ledgers are relatively new. The goal of this study is to present a decision-making process to guide organizations in the evaluation of blockchains as an enterprise platform service. Enterprise platforms can be selected by decision makers who voice their opinions in diverse forms by considering a range of criteria. Multiple preference formats offer suitable methods for evaluating such criteria. In this study, the VIKOR (Vlsekriterijumska Optimizacija I Kompromisno Resenje) technique is employed for evaluating the alternatives and solving the selection problem. It contributes to the blockchain literature by combining multiple preference formats with VIKOR for the first time for the blockchain platform selection problem. The findings suggest that the proposed evaluation framework is powerful for selecting the most suitable enterprise blockchain platform among alternatives. (c) 2021 Elsevier Inc. All rights reserved.