BMM Core Requirements
Every blockchain solution should meet a common set of core requirements
What is the Structure & Content of the BMM?
The BMM consists of core requirements and domain specific requirements. The core requirements are further divided into 5 functional assessment levels.
•Level 1: Feasible: Suitable to assess readiness for research funding
•Level 2: Functional: Suitable to assess functional readiness for proof of concept deployment
•Level 3: Operational: Suitable to assess if a solution is ready for operational deployment
•Level 4: Scalable: Suitable to assess scalability for enterprise-level deployment
•Level 5: Sustainable: Suitable to assess sustainability for global-level deployment
What is the Purpose of the Blockchain Maturity Model?
The purpose of this model is to:
Provide a roadmap to establish, implement, maintain, and continually improve blockchain solutions.
Demonstrate that a solution can be trusted to meet industry standards.
Provide acquisition professionals with the information needed to evaluate blockchain solutions.
Establish the criteria to achieve a Government Blockchain Association (GBA) certification.
Who Developed the BMM?
The BMM was developed by the GBA Standards & Certification Working Group over two years. This group includes 34 individuals from government and the private sector. Members of this group include Chief Information Officers, Chief Technical Officers, engineers, auditors, business executives, & managers.
Organizations around the world are beginning to acquire blockchain solutions. The problem is, that they do not have the knowledge or framework to distinguish between a reliable solution and a hyped prototype. The Blockchain Maturity Model (BMM) serves to validate the credibility ofblockchain solutions to potential customers, offering a roadmap for continuous enhancement. It is the results of more then 5 years for research by pioneering industry experts and boasts itself as the only known and structured blockchain standard out there.
Fostering Competition & Innovation
By employing BMM, enterprises and governments can discern reliableblockchain solutions, fostering competition and innovation in the blockchain sector. The model's purpose encompasses establishing and advancing blockchain solutions, verifying adherence to industry standards, and aiding inthe evaluation and certification of blockchain solutions, thus promoting astructured adoption and improvement of blockchain technology.
The BMM has 3 approved supplements to deal with industry specific needs:
• Banking and Financial services
• Elections and Voting
4 additional supplements are in the working phase now: IdentityManagement, Land & Property titling, Artificial Intelligence, Smart Cities
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