Blockchain Technology for Projects: A Multicriteria Decision Matrix

Abstract

This research aims to develop a multicriteria decision matrix (MCDM) for project management practitioners, which will support blockchain type selection, evaluate blockchain platforms, and plan blockchain systems. The MCDM is substantiated through a case study, which includes a questionnaire and an illustrative example pertinent to the construction industry. It was discovered in this study that consortium blockchain is superior in dealing with the characteristics of projects, and Hyperledger Fabric is chosen as the best applicable platform. In planning a blockchain-based project management system, project management practitioners should consider user requirements such as network participants, principal transactions, communication channels, and smart contracts.