A Neutrosophic Model for Blockchain Platform Selection based on SWARA and WSM

Abstract

The blockchain as a distributed ledger with flourishing blocks are secured and linked with cryptographic hashes. The blockchain is a type of distributed database that is used in many vital business transactions of replication, sharing, tracking, synchronization data among various sites. Recently, the global technological and industrial revolution is accelerating, the bitcoin extends the industrial revolution to become a lot of interest from both the business world and academic circles. This paper aims to take the advantages of blockchain concepts to be applied in Enterprise Banking Systems (EBS). The EBS depend on smart contract and blockchain technologies for trust only the installation of a blockchain platform with a solid design and a proven user base. Unfortunately, only a few blockchain platforms (BP) have achieved stable design and confident implementation. The selection of appropriate BP is leading step for decision makers that pretended to be a real challenge. Therefore, any digital transformation project that makes use of blockchain must contend with the difficulty of selecting a BP that is suited to the requirements of EBS. In this study, a hybrid approach of a neutrosophic theory for uncertainty conditions in a multi-criteria decision-making problem with the use wise weight assessment ratio analysis (SWARA) and Weighted Sum Method (WSM) to select the appropriate and efficient BP. A case study is applied on EBS, as an uncertain environment, to show the efficiency for the proposed model in aiding decision makers to achieve to ideal BP according to challenges to achieve sustainability.