Contents  xiii

Use of the strategic model to assess

the blockchain business value  195

Blockchain sandbox  197

Conclusion  199

7 Blockchain business cases: A framework to produce a

business case for blockchain

201

Features and elements of a good blockchain business case  201

Problem statement  201

Stakeholders  202

Alignment to strategy  203

Approach  204

Financial acumen  204

Business benefits  204

Risks  205

Leadership  205

Options  205

Timelines  206

Governance  206

Framework to draft a blockchain business case  207

Framework template   207

Approval process of the blockchain business case  208

Execution of a blockchain business case  209

Steps  209

Recommendations  211

Conclusion  213

8 Blockchain case study: Apply concepts on practical

use case

215

Case study 1: Create a platform for a digital art marketplace  215

Background  215

Strategy execution phases  215

Problem statement  216

IOSpeed potential strategic outcomes  216

Strategic outcomes  216

Organisation analysis for strategy formulation  217

Organisation analysis  217

SWOT: strengths, weaknesses, opportunities, and threats  217

Overview  217

Areas assessed by SWOT on IOSpeed  217