Computation of Blockchain Readiness Under Partial Information

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review


As the blockchain ecosystem gets more mature many businesses, investors, and entrepreneurs are seeking opportunities on working with blockchain systems and cryptocurrencies. A critical challenge for these actors is to identify the most suitable environment to start or evolve their businesses. In general, the question is to identify which countries are offering the most suitable conditions to host their blockchain-based activities and implement their innovative projects. The Blockchain Readiness Index (BRI) provides a numerical metric (referred to as the blockchain readiness score) in measuring the maturity/readiness levels of a country in adopting blockchain and cryptocurrencies. In doing so, BRI leverages on techniques from information retrieval to algorithmically derive an index ranking for a set of countries. The index considers a range of indicators organized under five pillars: Government Regulation, Research, Technology, Industry, and User Engagement. In this paper, we further extent BRI with the capability of deriving the index – at the country level – even in the presence of missing information for the indicators. In doing so, we are proposing two weighting schemes namely, linear and sigmoid weighting for refining the initial estimates for the indicator values. A classification framework was employed to evaluate the effectiveness of the developed techniques which yielded to a significant classification accuracy.

Original languageEnglish
Title of host publicationInformation Systems - 18th European, Mediterranean, and Middle Eastern Conference, EMCIS 2021, Proceedings
EditorsMarinos Themistocleous, Maria Papadaki
PublisherSpringer Science and Business Media Deutschland GmbH
Number of pages15
ISBN (Print)9783030959463
Publication statusPublished - 2022
Event18th European, Mediterranean, and Middle Eastern Conference on Information Systems, EMCIS 2021 - Virtual, Online
Duration: 8 Dec 20219 Dec 2021

Publication series

NameLecture Notes in Business Information Processing
Volume437 LNBIP
ISSN (Print)1865-1348
ISSN (Electronic)1865-1356


Conference18th European, Mediterranean, and Middle Eastern Conference on Information Systems, EMCIS 2021
CityVirtual, Online


  • Blockchain business intelligence
  • Blockchain readiness index
  • Classification models


Dive into the research topics of 'Computation of Blockchain Readiness Under Partial Information'. Together they form a unique fingerprint.

Cite this