Why the Blockchain Maturity Model?

As you know the blockchain and cryptocurrency industry is growing at break-neck speeds. New solutions are being deployed every day. Unfortunately, governments and large-scale enterprises do not have the knowledge or assessment capabilities to acquire, deploy and maintain enterprise blockchain solutions.

While many blockchain solution providers will tell their government customers that their solution is the best, how can government contracting officers be confident that they are making the proper acquisition decisions? The GBA Standards Working Group has been working on this problem and has drafted the Blockchain Maturity Model (BMM). The group is coordinating with other national and international standards organizations to develop this solution. While it is still in the early stages, it provides a framework for objectively guiding the development of blockchain solutions and assessing them.

What is the Blockchain Maturity Model?

The model has several components. They include:

  • Blockchain Solution Requirements
  • Blockchain Training Program
  • Blockchain Assessment Program

The model looks at blockchain solutions from a variety of perspectives (model elements) including:

  • Decentralization
  • Governance
  • Identity Management
  • Interoperability
  • Performance
  • Privacy
  • Reliability
  • Resilience
  • Security
  • Sustainability

And the model sets expectations for various levels of maturity for each element. The levels are:

  • Level 1: Feasible
  • Level 2: Functional
  • Level 3: Operational
  • Level 4: Stable
  • Level 5: Scalable

In addition to the generic requirements, domain-specific requirements are being developed for specific industries. The first three industries that the GBA is focusing on are Elections, Financial Services, and Gaming.

How Can I Get Involved?

If you are interested in participating in this project, please consider these steps:

  1. Download the current version of the model (0.9) and give GBA Standards Working Group your feedback. Just go to gbaglobal.org/document-comment
  2. Join the GBA Standards & Certification Working Group and help us review comments and draft the family of documents that comprise the model. If you are a current GBA member you can join at gbaglobal.org/groups/standards.
  3. Volunteer your blockchain solution to be a pilot to help refine the model and develop the detailed specifications for assessment.
  4. Help the GBA get funding to work on this project. Of course, we can continue to work on this on a volunteer basis. However, funding would greatly accelerate the process and help us move as fast as the industry demands.

Your support is incredibly important to this effort, the GBA, and the entire industry. I do hope that you will join us in making a global impact.

For more information, please contact the GBA Standards Working Group Leader, Meiyappan Masilamani at meiyappan09@gmail.com