Decision Making on Introducing of Blockchain Technology in Croatian Public Administration

Abstract

Blockchain technology has many features enabling great potential to transform every aspect of life. In this paper, we consider application of Blockchain in public administration sector. We utilize the Value Measuring Methodology (VMM) for the purpose of the profitability assessment of introducing Blockchain into the public administration. This process is conducted by multi criteria decision making with a group of experts. Results of cost-effectiveness analysis and AHP analysis, which are part of VNM, indicated direct user value as the largest benefit, followed by operational value for the State. Potential risks are identified along with the costs summarizing an analysis.