Abstract
Many Distributed Ledger Technology (DLT) projects end prematurely without reaping benefits. Previous research has indicated a lack of sustainable business cases for many Blockchain projects. A successful project has a disruptive impact on the business ecosystem. The paper investigates how e3value modeling can contribute to identifying the potential success of DLT implementation. Using insights from a first DLT case-study, an abstract e3value model fragment is defined that indicates potential success. As a test, the e3value model fragment is subsequently applied to a second case-study that is currently being implemented as a DLT-based platform. The paper concludes by reflecting on how an e3value model can provide evidence of meeting the requirements for building a sustainable DLT business case.
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Notes
- 1.
The idea of a Decentralized Autonomous Organization is attributed to Vitalik Buterin, one of the initiators of the Ethereum project.
- 2.
ARP is a role assumed by suppliers, producers, major consumers as well as electricity traders – in June 13, 2019 there were 87 ARPs providing balancing services to Elia, the Belgian TSO (https://www.elia.be/en/grid-data/lists-and-codes/list-of-arps). The models in this section abstract from the situation where an ARP fails in balancing, in which case the TSO needs to invoke (costly but effective) measures and charges the ARP an imbalance penalty fee.
- 3.
In principle, the microgrid can be virtual and not bound to a geographical area [9]. For our analysis, we assume that a microgrid falls within the perimeter of one DSO. As, for instance, the Flanders region in Belgium had more than 2.8 million households in 2018, with only 2 DSOs, this assumption will hold in almost all cases.
- 4.
Given that the aggregator is a role, which can be played by another party (e.g., a supplier, a large industrial prosumer), it can also be modelled as a value activity of that other party. This doesn’t affect our analysis as value activities need to be profitable or provide utility for the actors performing them.
- 5.
Alternatively, the value model can show a start signal inside the Host P2P market value activity that indicates the need for distribution services.
- 6.
A second market segment is strictly not needed as the focal value object can be passed on to another actor within the same market segment via another value transaction.
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Poels, G., Kaya, F., Verdonck, M., Gordijn, J. (2019). Early Identification of Potential Distributed Ledger Technology Business Cases Using e3value Models. In: Guizzardi, G., Gailly, F., Suzana Pitangueira Maciel, R. (eds) Advances in Conceptual Modeling. ER 2019. Lecture Notes in Computer Science(), vol 11787. Springer, Cham. https://doi.org/10.1007/978-3-030-34146-6_7
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