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An exploratory study of the adoption of blockchain technology among Australian organizations : a theoretical model

- Malik, Saleem, Chadhar, Mehmood, Chetty, Madhu, Vatanasakdakul, Savanid

  • Authors: Malik, Saleem , Chadhar, Mehmood , Chetty, Madhu , Vatanasakdakul, Savanid
  • Date: 2020
  • Type: Text , Conference paper
  • Relation: 17th European, Mediterranean, and Middle Eastern Conference on Information Systems, EMCIS 2020; Dubai; 25-26 November 2020 Vol. 402, p. 205-220
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  • Description: Scholarly and commercial literature indicates several applications of Blockchain Technology (BCT) in different industries e.g. health, finance, supply chain, government, and energy. Despite abundant benefits reported and growing prominence, BCT has been facing various challenges across the globe, including low adoption by organizations. There is a dearth of studies that examined the organizational adoption of blockchain technology, particularly in Australia. This lack of uptake provides the rationale to initiate this research to identify the factors influencing the Australian organizations to adopt BCT. To achieve this, we conducted a qualitative study based on the Technology, Organization, Environment (TOE) framework. The study proposes a theoretical model grounded on the findings of semi-structured interviews of blockchain experts in Australia. The proposed model shows that the organizational adoption of blockchain is influenced by perceived benefits, compatibility, and complexity, organization innovativeness, organizational learning capability, competitive intensity, government support, trading partner readiness, and standards uncertainty. © 2020, Springer Nature Switzerland AG.

Factors affecting the organizational adoption of blockchain technology : extending the technology–organization– environment (TOE) framework in the Australian context

- Malik, Saleem, Chadhar, Mehmood, Vatanasakdakul, Savanid, Chetty, Madhu

  • Authors: Malik, Saleem , Chadhar, Mehmood , Vatanasakdakul, Savanid , Chetty, Madhu
  • Date: 2021
  • Type: Text , Journal article
  • Relation: Sustainability (Switzerland) Vol. 13, no. 16 (2021), p.
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  • Description: 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 Aus-tralia. 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 trans-parency, perceived disintermediation, organizational innovativeness, organizational learning capa-bility, and standards uncertainty. © 2021 by the authors. Licensee MDPI, Basel, Switzerland.
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