6 Implications of the Blockchain-Enabled Model

DOI: 10.1201/9781003336082-6

6.1 Verification and Validation

Verification and validation (also abbreviated as V&V) are independent procedures used to check that, for example, a model (or product, service, or system) meets requirements and specifications and fulfills its intended purpose (Hojo, 2004). V&V is a critical aspect quality management system. However, V&V is not created equal across all systems, domains, and problems. For example, V&V in a disaster situation cannot be expected to be the same in less critical situations. Moreover, validation can take on different forms, including prospective, retrospective, full-scale, partial, cross-validation, re-validation/locational (periodical ...

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