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Author: 陳念平
Nien-Ping Chen
Thesis Title: 金融機構應用混合決策模型評估區塊鏈業務發展策略之研究
A hybrid decision-making model for evaluating blockchain business strategies from the perspective of financial institution
Advisor: 梁瓊如
Chiung-Ju Liang
Committee: 謝劍平
Joseph C.P. Shieh
Chun-nan Chen
Ming-Hua Hsieh
Yuh-Ming Lee
Kao-Yi Shen
Yi-Hsi Lee
Degree: 博士
Department: 管理學院 - 財務金融研究所
Graduate Institute of Finance
Thesis Publication Year: 2021
Graduation Academic Year: 109
Language: 英文
Pages: 82
Keywords (in Chinese): 區塊鏈銀行金融科技(FinTech)多準則決策法(MCDM)最佳最差法(BWM)修正式VIKOR法模糊集合理論
Keywords (in other languages): blockchain, banking, financial technology (FinTech), multiple criteria decision-making (MCDM), Best-Worst-Method (BWM), modified VIKOR, fuzzy set theory
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Financial Institutions need to invest in emerging financial technologies (FinTech), particularly in blockchain, to maintain their competitiveness. There is a great deal of literature on the technical and legal aspects of blockchain. However, there is little specific guidance on how banks can apply a holistic model to evaluate blockchain-based business opportunities. This study proposes a hybrid decision model with confidence-weighted fuzzy assessments to fill the gap. Supported by a group of seasoned experts, five major blockchain-based business models are evaluated for a domestic bank in Taiwan. The key findings contribute to understanding the importance of the various factors involved in identifying the ideal business strategy for the bank. The result suggests that the most crucial factors are policies and regulations, not the technical capability of banks.

Contents 摘要 I Abstract II Acknowledgements III Contents IV Chart Index VI Chapter 1 Introduction 8 1.1 The Rise of Blockchain 8 1.2 Problems Facing the Financial Industry 9 1.3 Blockchain Technology and Financial Industry Applications 11 1.4 Research Gaps 14 1.5 Research Positioning and Implications 15 1.6 Primary Contributions from This Research 16 Chapter 2 Literature Review 18 2.1 Main Aspects Financial Institutions Consider in The Introduction of Fintech 20 2.2 Current Mainstream Blockchain Business Models That Can Be Developed by Financial Institutions 31 2.3 Application of The MCDM Model in Technology and Business Model Evaluation 37 Chapter 3 Methodology and Questionnaire Design 39 3.1 Hybrid Decision Model with Fuzzy Assessment 39 3.2 Best-Worst Method 40 3.3 Modified VIKOR Aggregation Function 42 3.4 Confidence-Weighted Fuzzy Assessment 43 Chapter 4 Results and Discussions 45 Chapter 5 Concluding Remarks 54 References 57 Appendix A 75 Appendix B 77


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