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

Standard

Assessing the Technology Readiness Level of Current Blockchain Use Cases. / Holm, Kristoffer; Goduscheit, René Chester.

2020 IEEE Technology & Engineering Management Conference (TEMSCON). IEEE, 2020. p. 1-6.

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

Harvard

Holm, K & Goduscheit, RC 2020, Assessing the Technology Readiness Level of Current Blockchain Use Cases. in 2020 IEEE Technology & Engineering Management Conference (TEMSCON). IEEE, pp. 1-6, 2020 IEEE Technology & Engineering Management Conference (TEMSCON), 03/06/2020. https://doi.org/10.1109/TEMSCON47658.2020.9140147

APA

CBE

Holm K, Goduscheit RC. 2020. Assessing the Technology Readiness Level of Current Blockchain Use Cases. In 2020 IEEE Technology & Engineering Management Conference (TEMSCON). IEEE. pp. 1-6. https://doi.org/10.1109/TEMSCON47658.2020.9140147

MLA

Vancouver

Author

Holm, Kristoffer ; Goduscheit, René Chester. / Assessing the Technology Readiness Level of Current Blockchain Use Cases. 2020 IEEE Technology & Engineering Management Conference (TEMSCON). IEEE, 2020. pp. 1-6

Bibtex

@inproceedings{97c27d5df4624beb915aef6a1cdf6605,
title = "Assessing the Technology Readiness Level of Current Blockchain Use Cases",
abstract = "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]",
author = "Kristoffer Holm and Goduscheit, {Ren{\'e} Chester}",
year = "2020",
doi = "10.1109/TEMSCON47658.2020.9140147",
language = "English",
pages = "1--6",
booktitle = "2020 IEEE Technology & Engineering Management Conference (TEMSCON)",
publisher = "IEEE",
note = "null ; Conference date: 03-06-2020 Through 06-06-2020",

}

RIS

TY - GEN

T1 - Assessing the Technology Readiness Level of Current Blockchain Use Cases

AU - Holm, Kristoffer

AU - Goduscheit, René Chester

PY - 2020

Y1 - 2020

N2 - 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]

AB - 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]

U2 - 10.1109/TEMSCON47658.2020.9140147

DO - 10.1109/TEMSCON47658.2020.9140147

M3 - Article in proceedings

SP - 1

EP - 6

BT - 2020 IEEE Technology & Engineering Management Conference (TEMSCON)

PB - IEEE

Y2 - 3 June 2020 through 6 June 2020

ER -