In the past decade, with the boom and expansion of Blockchain-based applications, governments and regulators are legislating new laws and regulations to take a control over the revolutionary technology. In some cases, these approvals are not in line with the ideas and interests of the Blockchain Activists, which results in the formation of a Game of Interests. Recently, after issuance of a statement by the National Bank of Iran, entitled “The Requirements and Standards of the Cryptocurrencies”, the Blockchain community has conducted a qualitative research, aimed at reducing the conflict between the interests of the state and the activists. The question arises here that which model does best fit this research? We aim to analyze the data gathered from the interviews and focus groups, using a standard framework. We call for methods and frameworks applied in the literature to find the best practice for qualitative coding process.

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