Blockchain as a Service (BCaaS): A Value Modeling Approach in the Education Business Model

Abstract

The adoption of Blockchain has caused the organization to rethink how it operates and adds value to its current processes. Some scholars refer to Blockchain as the Black Swan of the 21st century, which will have a greater impact than the introduction of the Internet. Currently, there is little discussion about Blockchain technology and the value model approach and how organizations can close the gap between strategy and operational planning to successfully implement this technology in organizations. This paper explores the relationship and implications of Blockchain technology in relation to the value chain model in education. This paper proposes a value modeling approach for implementing Blockchain in the education sector and demonstrates how a solution works in practice. The novelty of the research will be from both theoretical and practical perspectives. The study will appraise enhancement that can be made within the existing literature on Blockchain and the value chain model, and how the alignment of the two concepts can be used to improve the use of the current value chain model in the education sector.