A framework for analysing blockchain technology adoption: Integrating institutional, market and technical factors
By Marijn Janssen, Vishanth Weerakkody, Elvira R. Ismagilova, Uthayasankar Sivarajah, Zahir Irani. International Journal of Information Management, 2020
390 citations recorded by the source corpus.
The adoption of blockchain technologies require the consideration of a broad range of factors, over and above the predominantly technology focus of most current work. Whilst scholarly literature on blockchain technology is only beginning to emerge, majority are focused on the technicalities of the technology and tend to ignore the organizational complexities of adopting the technology. Drawing from a focused review of literature, this paper proposed a conceptual framework for adoption of blockchain technology capturing the complex relationships between institutional, market and technical factors. The framework highlights that varying outcomes are possible, and the change process is focal as this shapes the form blockchain applications take. Factors presented in the framework (institutional, market and technical) interact and mutually influence each other. The proposed framework can be used by organisations as a reference point for adopting blockchain applications and by scholars to expand, refine and evaluate research into blockchain technology.
Subfields: Information Systems, Management Information Systems, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/87ca14083b9eb812a97c96c7d82cefbead42f677
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Citations in the corpus
- Future of industry 5.0 in society: human-centric solutions, challenges and prospective research areas (2022, background): “Smart manufacturing and intelligence help reduce network traffic, facilitate transactions, and privacy, which helps the business use software resources to exchange data about the industrial sectors [135].”
- Evaluating the factors that influence blockchain adoption in the freight logistics industry (2020, background): “…applicable to other industries in the emerging and developing economies and contexts that might be interested in the digitization of their operations to ensure transparency and increase competitiveness, reaffirming their usefulness (Orji et al., 2019, 2020; Janssen et al, 2020; Koh et al., 2020).”