A Fuzzy TOPSIS Method for Assessment Blockchain Technology Strategies

Abstract

Assessing blockchain technology strategies is crucial for organizations seeking to leverage the potential benefits of blockchain in their operations. We explore the importance of evaluating blockchain technology strategies and emphasize critical considerations in the assessment process. These considerations encompass aligning strategy with business objectives, evaluating technology capabilities, analyzing implementation challenges, assessing security and privacy implications, considering regulatory compliance, and measuring the impact of the strategy. The study outlines the significance of a comprehensive assessment in ensuring the effectiveness and success of blockchain technology strategies. By conducting thorough assessments, organizations can make informed decisions, mitigate risks, and maximize the value of implementing blockchain technology. This study proposed utilizing the fuzzy set to handle and evaluate the linguistic data. We integrated the fuzzy set with the TOPSIS method to show the rank of strategies. We collect ten criteria and ten strategies in this study. We conducted a sensitivity analysis to show the stability of the results.