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A Decision-Making Method for Blockchain Platforms Using Axiomatic Design

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Smart Computing and Communication (SmartCom 2022)

Part of the book series: Lecture Notes in Computer Science ((LNCS,volume 13828))

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Abstract

For companies using blockchain technology, it is critical to select the most suitable blockchain platform to develop enterprise applications. However, it is still a challenge for enterprises. As an important part of modern decision science, multi-criteria decision-making can well solve the problem of blockchain platform selection. Blockchain platforms integrate various blockchain technologies, and enterprises also need to consider multiple different criteria in the decision-making process. Therefore, this paper will use a heterogeneous multi-criteria decision-making method to solve the blockchain platform selection problem. First, the blockchain platform alternatives and evaluation criteria used for decision-making are identified. Second, blockchain platform alternatives are evaluated with appropriate fuzzy numbers based on defined evaluation criteria. Then, the original evaluations are consistency and normalized to obtain a normalized evaluation. Next, the improved information content formulas of the axiomatic design is proposed to obtain the information content of each normalized evaluation. Then, the weights of all evaluated criteria are obtained using the entropy weight method. Finally, the total weighted information content of each blockchain platform alternative is obtained. With validation, the decision-making model of blockchain platform proposed in this paper has a strong reference value.

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Author information

Authors and Affiliations

  1. Chongqing University of Posts and Telecommunications, Chongqing, 400065, China

    Jun Liu, Qi Zhang, Ming-Yue Xie & Ming-Peng Chen

Authors
  1. Jun Liu
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  2. Qi Zhang
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  3. Ming-Yue Xie
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  4. Ming-Peng Chen
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Corresponding author

Correspondence to Qi Zhang .

Editor information

Editors and Affiliations

  1. Dakota State University, Madison, SD, USA

    Meikang Qiu

  2. Fudan University, Shanghai, China

    Zhihui Lu

  3. Ibaraki University, Ibaraki, Japan

    Cheng Zhang

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Liu, J., Zhang, Q., Xie, MY., Chen, MP. (2023). A Decision-Making Method for Blockchain Platforms Using Axiomatic Design. In: Qiu, M., Lu, Z., Zhang, C. (eds) Smart Computing and Communication. SmartCom 2022. Lecture Notes in Computer Science, vol 13828. Springer, Cham. https://doi.org/10.1007/978-3-031-28124-2_29

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  • DOI: https://doi.org/10.1007/978-3-031-28124-2_29

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-031-28123-5

  • Online ISBN: 978-3-031-28124-2

  • eBook Packages: Computer ScienceComputer Science (R0)

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