Project Management for Blockchain: Strategic Guidance and Lessons from Practice

Abstract

Blockchain technology (BCT) offers powerful solutions to long-standing enterprise challenges such as inefficiencies, lack of transparency, and low stakeholder trust. By enabling secure transaction tracking and real-time data sharing, BCT can improve operational accuracy, streamline workflows, and build confidence across organizational ecosystems. However, the implementation of BCT significantly transforms conventional project management strategies and practices. We propose practical recommendations for each stage of the process group of the project life cycle- Initiating, Planning, Executing, Monitoring & Controlling, and Closing to meet the demands of decentralization, interoperability, and continuous ecosystem coordination inherent in the implementation of BCT projects. Grounded in practitioner insights, this study advances practice-based IS research by offering actionable, process-specific guidance for managing blockchain projects and contributes to project management knowledge by revealing how decentralized technologies reshape conventional lifecycle approaches.