Department of Business Development and Technology

Assessing the Technology Readiness Level of Current Blockchain Use Cases

Research output: Contribution to book/anthology/report/proceedingArticle in proceedingsResearchpeer-review

Blockchain technology has garnered much hype since the introduction of Bitcoin, but over a decade later, the technology is still lacking mature use cases outside that of cryptocurrencies. This paper makes use of a systematic literature review to identify non-cryptocurrency use cases of blockchain to establish an overview of existing or hypothesized solutions using the technology. The identified use cases are subsequently assessed on their technology readiness level (TRL) using the guidance of established research [1] to determine the maturity of individual blockchain solutions described in peer-reviewed literature. By categorizing the individual use cases into groups, a generalized assessment of maturity for different application areas is assessed for blockchain technology. The literature review and subsequent estimation of TRL revealed that there are highly mature blockchain use cases, although they are quite limited in terms of industry-wide utility. As an example, the Everledger use case has tracked over two million diamonds and is estimated to be TRL 9 (the highest level) in the specific scope of diamond provenance tracking, but other luxury-tracking blockchain initiatives are years behind this [2]
Original languageEnglish
Title of host publication2020 IEEE Technology & Engineering Management Conference (TEMSCON)
Number of pages6
Publication year2020
Publication statusPublished - 2020
Event2020 IEEE Technology & Engineering Management Conference (TEMSCON) - Online
Duration: 3 Jun 20206 Jun 2020


Conference2020 IEEE Technology & Engineering Management Conference (TEMSCON)

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ID: 194491445