DOI: 10.1201/9781003225607-7

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Chapter 7

Blockchain business cases

A framework to produce a

business case for blockchain

Every organisation needs to create a business case regardless of whether it

being incumbent or a start-up. A business case is an articulation and jus-

tification of a new idea, a project, a programme, or anything that requires

budget, resources, and time to create a value addition for an organisation.

A good business case is always aligned to the strategy and strategic out-

comes. A business case must have a sponsor, who will support the business

case with financial and non-financial sponsorship. In this section, we will

get into deep dive of blockchain business cases and a few frameworks to

assist in development of a successful business case.

FEATURES AND ELEMENTS OF A GOOD

BLOCKCHAIN BUSINESS CASE

A business case is the most important document like Swiss army knife to

define a problem statement related to a business problem and to articu-

late how the problem will be solved as part of the organisation strategy.

The main aim of the business case is to articulate the existing problem

and how it will be solved, along with investment requirements and what

would be the return on investment (ROI). In this section, we will discuss

the important components of a good business case that can lead to suc-

cessful accomplishment of the strategic outcomes. This section will be

focussed on blockchain business cases and their components that can lead

to their success.

Problem statement

A business case starts with finding an existing problem. Without being spe-

cific to an existing business problem or gaps, a business case cannot be jus-

tified for an investment. A problem statement is a crucial step to articulate