Figure 4
The flowchart presents 5 stages of a blockchain adoption framework, Strategic Choice, Strategic Type, Expected Outcomes, Monitoring via Proxy Indicators, and Evaluate and Scale Blockchain Initiatives. Strategic Choice contains Choose Blockchain Adoption Strategy, which branches by arrows into 2 Strategic Types, Breadth Strategy and Depth Strategy. Breadth Strategy involves pursuing multiple blockchain benefits simultaneously, including transparency, traceability, and trust. An arrow leads to its Expected Outcomes, broad operational improvements, multiple moderate benefit areas, and limited aggregated value impact. Another arrow leads to Monitor broad operational integration under Monitoring via Proxy Indicators. Its indicators are traceability coverage, for example, share of tracked products, cross-organizational data sharing, for example, shared blockchain transactions, and number of connected supply chain partners. Depth Strategy focuses on a key value driver, particularly transparency. An arrow leads to its Expected Outcomes, improved information visibility, enhanced decision support, and stronger perceived value realization. Another arrow leads to Monitor targeted value realization under Monitoring via Proxy Indicators. Its indicators are data availability, for example, real-time information access, information latency, for example, time-to-visibility, and decision support quality, for example, improved forecast accuracy. The breadth and depth monitoring paths join and point to the final Evaluate and Scale Blockchain Initiatives stage, which states, use proxy indicators to evaluate implementation success and guide future blockchain scaling decisions.Managerial roadmap for early blockchain value realization