Which factor is crucial for stakeholders when selecting blockchain technology?

Data verifiability is crucial for stakeholders when selecting blockchain technology because it directly relates to the core benefits of blockchain—transparency, trust, and immutability. In a blockchain, once a transaction is recorded, it cannot be altered without the consensus of the network, which promotes integrity and builds trust among users. Stakeholders need a system where they can ensure that data has not been tampered with and can be audited reliably. This attribute allows organizations to verify the authenticity of transactions, ensuring accountability and compliance with regulatory standards.

While cost of hardware, market trends, and vendor reputation are also important considerations in the selection process, they do not provide the fundamental assurance that data integrity and trustworthiness do. Without robust data verifiability, the effectiveness and reliability of the blockchain's implementation would be compromised, undermining its primary purpose and benefits.