Providing a Framework for Evaluating and Selecting Decentralized and Private Blockchain-Based Platforms

Document Type : Research Paper

Authors

1 Department of Management, Shiraz University

2 Assistant Professor, Department of Management, Faculty of Economics, Management and Social Sciences, Shiraz University, Iran

10.22034/jtd.2026.1987364.1823
Abstract
The extent and importance of the digital economy in a world that increasingly welcomes the creation and application of emerging innovations is not hidden from anyone. Currently, the digital economy has changed the common forms of business actions and the ways of functioning and interacting with organizations, and its evolution cycle is still on its development path with the development of several transformative technologies such as blockchain. The new generation of blockchain with the potential to be used in commercial and public industries leads to the elimination of opaque, redundant, and often unprotected organizational structures. However, the implementation of private blockchain requires correct decisions of consortia and organizations in the selection of service providers. Hence, the present study aims to provide a decision-making process for the evaluation and selection of blockchain platforms in enterprise applications. To achieve the goal, a three-step process including extracting effective criteria for evaluating private blockchains, determining the importance and weight of the identified components, and Comparative analysis of organization options have been performed. The research findings show that 9 measures of security (with an importance coefficient of 0.16), fault tolerance (0.14), consensus algorithms (0.13), scalability (0.12), compatibility and interaction (0.11), cost factors (0.11), performance (0.10), ease of use (0.08), and popularity (0.03), are the most essential factors in evaluating private and permissioned blockchains. Also, the results of the comparison of private blockchain platforms show that Hyperledger Fabric is the most common platform used by organizations and is in a distinct position compared to competitors and other similar platforms.

Keywords

Subjects

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Volume 24, Issue 63
Spring 2026
Pages 15-28

  • Receive Date 12 January 2023
  • Revise Date 30 August 2023
  • Accept Date 02 February 2025