Blockchain Developments and Innovations – An Analytical Evaluation of Software Engineering Approaches

Blockchain has received expanding interest from various domains. Institutions, enterprises, governments, and agencies are interested in Blockchain’s potential to augment their software systems. The unique requirements and characteristics of Blockchain platforms raise new challenges involving extensive enhancement to conventional software development processes to meet the needs of these domains. Software engineering approaches supporting Blockchain-oriented developments have been slow to materialize, despite proposals in the literature, and they have yet to be objectively analyzed. A critical appraisal of these innovations is crucial to identify their respective strengths and weaknesses. We present an analytical evaluation of several prominent Blockchain-oriented methods through a comprehensive, criteria-based evaluation framework. The results can be used for comparing, adapting, and developing a new generation of Blockchain-oriented software development processes and innovations.