scholarly journals Factors Affecting the Organizational Adoption of Blockchain Technology: An Australian Perspective

2021 ◽  
Author(s):  
Muhammad Saleem Malik ◽  
Mehmood Chadhar ◽  
Madhu Chetty
Keyword(s):  
Organizational Adoption ◽  
Factors Affecting ◽  
Blockchain Technology

Exploring sectoral diversity in the timing of organizational blockchain adoption

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Cigdem Turhan ◽  
Ibrahim Akman
Keyword(s):  
New Technology ◽  
Organizational Factors ◽  
Ease Of Use ◽  
Least Square ◽  
Management Support ◽  
Perceived Ease Of Use ◽  
Organizational Strategies ◽  
Content Type ◽  
Factors Affecting ◽  
Blockchain Technology

PurposeBlockchain is a relatively new technology. Although it has a high potential to influence organizational strategies for adoption into respective operations, it has not been widely explored yet. This study aims to assess the sectoral diversity in the timing of organizational adoption of blockchain through selected organizational factors.Design/methodology/approachA survey was conducted based on a sample of 208 IT professionals. The data was collected using an instrument containing 17 questions. The existence of sector diversity was statistically analyzed using the Least Square Regression method.FindingsThe results indicate that, except for management support and perceived ease of use, all the other factors in the analysis significantly influence sector diversity in terms of blockchain adoption timing.Originality/valueAlthough blockchain has received attention from researchers, to the best of the authors' knowledge, there is no published work in the literature that explores the organizational factors influencing sectoral differences in the timing of blockchain technology adoption. Therefore, our work is unique in the related literature since we present analyses for the diversity between public and private sectors by modeling the factors affecting the intentions for the timing of blockchain adoption as part of the organizations' IT infrastructure.

scholarly journals FACTORS AFFECTING CUSTOMERS’ ACCEPTANCE OF THE ADOPTION OF BLOCKCHAIN TECHNOLOGY AT DONG A COMMERCIAL JOINT STOCK BANK, HUE BRANCH

2020 ◽  
Vol 129 (5A) ◽  
Author(s):  
Duong Dac Quang Hao ◽  
Tran Thai Hoa ◽  
Nguyen Huu Dung
Keyword(s):  
Structural Equation ◽  
Personal Characteristics ◽  
Influential Factors ◽  
Ease Of Use ◽  
Perceived Usefulness ◽  
Integrative Model ◽  
Perceived Ease Of Use ◽  
Systematic Random Sampling ◽  
Factors Affecting ◽  
Blockchain Technology

Abstract: This study aims to develop and test the integrative model of the factors affecting customers’ acceptance intention of the adoption of blockchain technology. Data were collected from a sample of 195 customers who have been conducting transactions at Dong A Bank – Hue branch. Samples are selected by using the systematic random sampling method. Structural equation modelling (SEM) is used to test the hypothesized relationships. The findings indicate that six out of eight tested relationships are supported. Perceived usefulness (PU) and Perceived ease of use (PEU) are the most critical factors affecting customers’ Attitude (AT). Attitude also has a direct and positive correlation to customers’ acceptance Intention (IN). Notably, Personal characteristics (PC) and Risk perception (RP) are the two most influential factors affecting Perceived usefulness. And, the Perceived ease of use factor is only affected by customers’ Self-command (SC). In general, this study contributes to enriching the existing knowledge of blockchain adoption in banks and helps banks figure out an efficient way to adopt blockchain technology.Keywords: customers’ acceptance, blockchain adoption, Dong A Bank, Hue branch

scholarly journals Factors Affecting Organizations’ Resistance to the Adoption of Blockchain Technology in Supply Networks

2020 ◽  
Vol 12 (21) ◽  
pp. 8882 ◽  
Author(s):  
Daeheon Choi ◽  
Chune Young Chung ◽  
Thou Seyha ◽  
Jason Young
Keyword(s):  
Supply Chain ◽  
Structural Equation ◽  
New Technologies ◽  
Equation Modeling ◽  
Sustainable Supply Chain ◽  
Supply Networks ◽  
Factors Affecting ◽  
Supply Chain Networks ◽  
Blockchain Technology ◽  
Technological Barriers

From a supply chain perspective, new technologies such as blockchain can improve the efficiency and competitiveness of logistics and increase customer satisfaction. Although blockchain technology has been lauded as a way for firms to build sustainable supply chain networks, the rate of acceptance of this technology remains low. Therefore, this study seeks to identify the factors that discourage firms from merging blockchain with the supply chain. Instead of providing further reasons for adopting blockchain technology, we try to understand what deters firms from adding blockchain to their operations. Following the deductive approach, a confirmatory factor analysis is conducted on pre-test questionnaires to test, improve, and verify the constructs (questions) to measure the hypothesized factors. A theoretical model is proposed based on the hypotheses, and structural equation modeling is applied. The results are estimated using the partial least squares approach and a sample of 83 respondents. Our findings based on our empirical data support most of our hypotheses. We find that various factors impede the adoption of blockchain technologies, including technological barriers, constraints rooted in organizations and the environment, and system-related governmental barriers. In addition, various factors are critical determinants of resistance to blockchain in the technological, organizational, and environmental dimensions.

Evaluation of factors affecting the decision to adopt blockchain technology: A logistics company case study using Fuzzy DEMATEL

2020 ◽  
Vol 39 (5) ◽  
pp. 6279-6291
Author(s):  
Ayça Maden ◽  
Emre Alptekin
Keyword(s):  
Financial Services ◽  
Technology Implementation ◽  
Fuzzy Decision Making ◽  
Critical Factors ◽  
Fuzzy Dematel ◽  
Real Time Processing ◽  
Factors Affecting ◽  
Blockchain Technology ◽  
Logistics Company ◽  
Reducing Costs

Blockchain practices have been attracting attention in industries other than financial services, since blockchain is not only an information technology, but also an institutional technology owing to its new currency economics and distributed structures. Today, supply chains, power, and food/agriculture have emerged as promising areas in terms of their potential to incorporate blockchain technology for improving processes and reducing costs. Logistics corporations, especially, have been concentrating on developing efficiency in integrated data, fleet management, and communication issues, to achieve cost advantages. Experts from a well-known logistics company in Turkey contributed to our study by helping to assess critical factors for successful blockchain technology implementation. Our research topic included determining whether blockchain technology is suitable for this company. Fuzzy decision-making trial and evaluation laboratory (DEMATEL) was used to determine and evaluate the critical factors to encourage blockchain technology adoption, based on the company’s requirements. For the company experts, the factors affecting the decision to adopt blockchain technology were, in order of priority: cryptocurrency, instant money transfer, privacy, real time processing, smart contract, security, authentication, transparency, immutability, traceability, distributed ledger, reduced delays, and peer-to-peer networks.

scholarly journals Factors Affecting the Organizational Adoption of Blockchain Technology: Extending the Technology–Organization–Environment (TOE) Framework in the Australian Context

2021 ◽  
Vol 13 (16) ◽  
pp. 9404
Author(s):  
Saleem Malik ◽  
Mehmood Chadhar ◽  
Savanid Vatanasakdakul ◽  
Madhu Chetty
Keyword(s):  
Organizational Learning ◽  
Influential Factors ◽  
Government Support ◽  
Management Support ◽  
Organizational Adoption ◽  
Learning Capability ◽  
Information Transparency ◽  
Blockchain Technology ◽  
Toe Framework

Blockchain technology (BCT) has been gaining popularity due to its benefits for almost every industry. However, despite its benefits, the organizational adoption of BCT is rather limited. This lack of uptake motivated us to identify the factors that influence the adoption of BCT from an organizational perspective. In doing this, we reviewed the BCT literature, interviewed BCT experts, and proposed a research model based on the TOE framework. Specifically, we theorized the role of technological (perceived benefits, compatibility, information transparency, and disintermediation), organizational (organization innovativeness, organizational learning capability, and top management support), and environmental (competition intensity, government support, trading partners readiness, and standards uncertainty) factors in the organizational adoption of BCT in Australia. We confirmed the model with a sample of adopters and potential adopter organizations in Australia. The results show a significant role of the proposed factors in the organizational adoption of BCT in Australia. Additionally, we found that the relationship between the influential factors and BCT adoption is moderated by “perceived risks”. The study extends the TOE framework by adding factors that were ignored in previous studies on BCT adoption, such as perceived information transparency, perceived disintermediation, organizational innovativeness, organizational learning capability, and standards uncertainty.

Exploring the common blockchain adoption enablers: the case of three Italian wineries

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Antonino Galati ◽  
Demetris Vrontis ◽  
Benedetto Giorlando ◽  
Marcella Giacomarra ◽  
Maria Crescimanno
Keyword(s):  
Conceptual Framework ◽  
Dynamic Capabilities ◽  
Secondary Data ◽  
Wine Industry ◽  
Enabling Factors ◽  
Content Type ◽  
Factors Affecting ◽  
Dominant Logic ◽  
Study Approach ◽  
Blockchain Technology

Purpose This study aims to explore and describe the main enabling factors affecting the implementation of blockchain technology (BCT) in a strategic sector such as the wine industry, as well as the motivation behind this choice. Design/methodology/approach In light of the novelty of the phenomenon studied, a case study approach was adopted analyzing three Italian wineries. A conceptual framework, based on the dynamic capabilities, absorptive capacity and dominant logic theories, was developed. Primary and secondary data were collected. Findings Results show that wineries working in a highly dynamic and competitive market invest more in knowledge acquisition and internal assimilation and less in transformation and exploitation of acquired knowledge, in particular preferring to outsource the application phase of BCT. The particularity of the wine industry, indeed, demonstrates the existence of hybrid alternatives in which exploration and exploitation processes can be balanced. These findings confirm the value of the conceptual framework developed to explain how wineries implement BCT in their business. Research limitations/implications The present work must be considered in light of the research scope and its qualitative nature. Practical implications Findings suggest that the adoption of BCT depends on the wineries’ ability to invest more in effective knowledge management systems to acquire and assimilate knowledge internally and in managerial skills and dominant logic that become strategic resources that can improve their innovation performance. Originality/value Compared to previous studies on BCT adoption in the wine industry, this work helps us to better understand how wineries implement BCT as it focuses on their ability to acquire, manage and capitalize on the flow of knowledge, as a strategic resource, which forms the basis for creating dynamic capabilities and value. Findings are of interest to develop strategies aimed to ensure the effectiveness of this innovation in a strategic sector.

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