Blockchain business cases  205

Risks

Every major strategic transformation programme has risks. In the case of

a business case, it is essential to call out the risks upfront. In the case of a

blockchain business case, the following can be high-level risks that can be

part of the business case:

• Budget deficiency during the execution phase of the programme;

• Regulatory rules that can impact/change the adoption of certain

blockchain technologies or solutions;

• Risks from competitors that can make it difficult to gain market share;

• Risks of a pandemic or war that can slow down the adoption of the

blockchain solution;

• Financial and regulator sanctions against a country, individuals or a

company can lead to failure of the programme.

Leadership

A successful business case must state the leadership team who will be

part of the programme to deliver business outcomes. A weak leader-

ship team can lead to delays or even rejection to get the business case

approved. A leadership team should be selected with care as it has an

impact not only to get the business case approved but also to execute the

programme successfully to deliver the business outcomes on time and

with quality.

Options

A good business case should articulate a few options to deliver the out-

comes. In the case of a blockchain business case, the options can be articu-

lated as follows:

• A choice between various products that can be used to deliver a block-

chain-based supply chain platform

• A choice of vendors to support the platform

• A choice of hosting the platform, that is, on premises or cloud

• A choice of raising money through crowd funding, VCs (venture capi-

talists) or self-funding

• A choice of developing and supporting the supply chain platform our-

selves or having partnership with other third parties to share the cost

and benefits

• What is the best option to be selected based on its percentage of busi-

ness value and ROI for the organisation?