Enterprises and future disruptive technological innovations: Exploring blockchain ledger description framework (BLDF) for the design and development of blockchain use cases
This digital age is viewed as a space that will herald greater innovation focus and spirit. Kindled by Blockchain Technologies (BT) or Distributed Ledger Technologies (DLT) potentials for disruptive innovations across a wide range of industries, the question of how enterprises can prepare for future, next-generation digital technological innovations is raised. This paper examines the current approaches in Enterprise Modelling (EM), Enterprise Architecture (EA) design and Enterprise Governance of IT (EGIT) and deploy them as useful models and tools to aid management of new innovative technologies. The scope is restricted to the domains of Blockchain or Distributed Ledger Technologies (DLT) as the underlying platform for technological innovations in modern enterprises. The contributions of this paper include: (a) mapping of EM/EA for new digital innovations exemplified by the case of DLT; (b) applying suitable EM/EA framework for design and building of blockchain use cases; (c) validating of the framework via participatory actions research method and (d) discussing challenges and research areas that impact enterprises and new disruptive digital innovations.