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.
- Authors: Malik, Saleem , Chadhar, Mehmood , Vatanasakdakul, Savanid , Chetty, Madhu
- Date: 2021
- Type: Text , Journal article
- Relation: Sustainability (Switzerland) Vol. 13, no. 16 (2021), p.
- Full Text:
- Reviewed:
- 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.
Challenges and opportunities for blockchain technology adoption : a systematic review
- Chhina, Shipra, Chadhar, Mehmood, Vatanasakdakul, Savanid, Chetty, Madhu
- Authors: Chhina, Shipra , Chadhar, Mehmood , Vatanasakdakul, Savanid , Chetty, Madhu
- Date: 2019
- Type: Text , Conference paper
- Relation: 30th Australasian Conference on Information Systems (ACIS), 9-11 December, Perth (Australia)
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- Description: Blockchain technology promises to significantly impact current business processes in industries from various sectors and reduce transactional cost. Firms, suppliers, government, financial institutions etc. are anticipating a business model transformation through blockchain by accomplishing a decentralized architecture of interorganizational dealings without intermediaries. In spite of its immense potential, however, there are key challenges of blockchain implementation which need to be studied for identifying the opportunities arising and for its successful implementations in future. In this paper, we aim to identify these challenges for blockchain adoption and classify them for clearer understanding. To pursue this effectively, this paper follows a hybrid model of systematic literature review. This paper also explicitly enumerates future research opportunities to lead industry and researchers in correct directions
- Authors: Chhina, Shipra , Chadhar, Mehmood , Vatanasakdakul, Savanid , Chetty, Madhu
- Date: 2019
- Type: Text , Conference paper
- Relation: 30th Australasian Conference on Information Systems (ACIS), 9-11 December, Perth (Australia)
- Full Text:
- Reviewed:
- Description: Blockchain technology promises to significantly impact current business processes in industries from various sectors and reduce transactional cost. Firms, suppliers, government, financial institutions etc. are anticipating a business model transformation through blockchain by accomplishing a decentralized architecture of interorganizational dealings without intermediaries. In spite of its immense potential, however, there are key challenges of blockchain implementation which need to be studied for identifying the opportunities arising and for its successful implementations in future. In this paper, we aim to identify these challenges for blockchain adoption and classify them for clearer understanding. To pursue this effectively, this paper follows a hybrid model of systematic literature review. This paper also explicitly enumerates future research opportunities to lead industry and researchers in correct directions
Adoption of blockchain technology : exploring the factors affecting organizational decision
- Malik, Saleem, Chadhar, Mehmood, Chetty, Madhu, Vatanasakdakul, Savanid
- Authors: Malik, Saleem , Chadhar, Mehmood , Chetty, Madhu , Vatanasakdakul, Savanid
- Date: 2022
- Type: Text , Journal article , Review
- Relation: Human Behavior and Emerging Technologies Vol. 2022, no. (2022), p.
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- Description: Blockchain (BCT) is an emerging technology that promises many benefits for organizations, for instance, disintermediation, data security, data transparency, a single version of the truth, and trust among trading partners. Despite its multiple benefits, the adoption rate of BCT among organizations has not reached a significantly high level worldwide, thus requiring further research in this space. The present study addresses this issue in the Australian context. There is a knowledge gap in what specific factors, among the plethora of factors reported in the extant literature, affect the organizational adoption of BCT in Australia. To fill this gap, the study uses the qualitative interpretative research approach along with the technology-organization-environment (TOE) framework as a theoretical lens. The data was mainly drawn from the literature review and semi-structured interviews of the decision-makers and senior IT people from the BCT adopter and potential adopter organizations in Australia. According to the findings, perceived information transparency, perceived risks, organization innovativeness, organization learning capability, standards uncertainty, and competition intensity influence organizational adoption of BCT in Australia. These factors are exclusively identified in this study. The study also validates the influence of perceived benefits and perceived compatibility on BCT adoption that are reported in the past studies. Practically, these findings are helpful for the Australian government and public and private organizations to develop better policies and make informed decisions for the organizational adoption of BCT. The findings would guide decision-makers to think about the adoption of BCT strategically. The study also has theoretical implications explained in the discussion section. © 2022 Saleem Malik et al.
- Authors: Malik, Saleem , Chadhar, Mehmood , Chetty, Madhu , Vatanasakdakul, Savanid
- Date: 2022
- Type: Text , Journal article , Review
- Relation: Human Behavior and Emerging Technologies Vol. 2022, no. (2022), p.
- Full Text:
- Reviewed:
- Description: Blockchain (BCT) is an emerging technology that promises many benefits for organizations, for instance, disintermediation, data security, data transparency, a single version of the truth, and trust among trading partners. Despite its multiple benefits, the adoption rate of BCT among organizations has not reached a significantly high level worldwide, thus requiring further research in this space. The present study addresses this issue in the Australian context. There is a knowledge gap in what specific factors, among the plethora of factors reported in the extant literature, affect the organizational adoption of BCT in Australia. To fill this gap, the study uses the qualitative interpretative research approach along with the technology-organization-environment (TOE) framework as a theoretical lens. The data was mainly drawn from the literature review and semi-structured interviews of the decision-makers and senior IT people from the BCT adopter and potential adopter organizations in Australia. According to the findings, perceived information transparency, perceived risks, organization innovativeness, organization learning capability, standards uncertainty, and competition intensity influence organizational adoption of BCT in Australia. These factors are exclusively identified in this study. The study also validates the influence of perceived benefits and perceived compatibility on BCT adoption that are reported in the past studies. Practically, these findings are helpful for the Australian government and public and private organizations to develop better policies and make informed decisions for the organizational adoption of BCT. The findings would guide decision-makers to think about the adoption of BCT strategically. The study also has theoretical implications explained in the discussion section. © 2022 Saleem Malik et al.
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.
- 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
- Full Text:
- Reviewed:
- 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.
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