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Some of the decisions you face while working on a blockchain project within your organization can be difficult and challenging. It pays to take time while making decisions that involve the following:

 Uncertainty: Many of the facts around blockchain technology may be unknown and untested.

 Complexity: Blockchains have many interrelated factors to consider.

 High-risk consequences: The impact of the decision may be significant to your organization.

 Alternatives: There may be alternative technologies and types of blockchains, each with its own set of uncertainties and consequences.

 Interpersonal issues: You need to understand how blockchain technology could affect different people within your organization.

A decision tree is a useful support tool that can help you uncover consequences, event outcomes, resource costs, and utility of developing a blockchain project.

You can draw decision trees on paper or use a computer application. Here are the steps to create one for uncovering other challenges around your project:

1 Get a large sheet of paper. The more choices you have, and the more complicated the decision, the bigger the sheet of paper you’ll need.

2 Draw a square on the left side of the paper.

3 Write a description of the core goal and criteria for your project in that square.

4 Draw lines to the right of the square for each issue.

5 Write a description of each issue along each line. Assign a probability value to encounter each issue.

6 Brainstorm solutions for each issue.

7 Write a description of each solution along each line.

8 Continue this process until you’ve explored each issue and discovered a possible solution for each one.

Have teammates challenge and review all your issues and solutions before finalizing your decision tree.