Factors Affecting the Organizational Adoption of Blockchain Technology: Extending the Technology–Organization–Environment (TOE) Framework in the Australian Context
<p dir="ltr">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 adoptio...
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2021
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| _version_ | 1864513522189205504 |
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| author | Saleem Malik (23275780) |
| author2 | Mehmood Chadhar (23275783) Savanid Vatanasakdakul (20185785) Madhu Chetty (21393) |
| author2_role | author author author |
| author_facet | Saleem Malik (23275780) Mehmood Chadhar (23275783) Savanid Vatanasakdakul (20185785) Madhu Chetty (21393) |
| author_role | author |
| dc.creator.none.fl_str_mv | Saleem Malik (23275780) Mehmood Chadhar (23275783) Savanid Vatanasakdakul (20185785) Madhu Chetty (21393) |
| dc.date.none.fl_str_mv | 2021-08-21T06:00:00Z |
| dc.identifier.none.fl_str_mv | 10.3390/su13169404 |
| dc.relation.none.fl_str_mv | https://figshare.com/articles/journal_contribution/Factors_Affecting_the_Organizational_Adoption_of_Blockchain_Technology_Extending_the_Technology_Organization_Environment_TOE_Framework_in_the_Australian_Context/31444693 |
| dc.rights.none.fl_str_mv | CC BY 4.0 info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | Commerce, management, tourism and services Business systems in context Information and computing sciences Information systems blockchain adoption factors Australia TOE organization |
| dc.title.none.fl_str_mv | Factors Affecting the Organizational Adoption of Blockchain Technology: Extending the Technology–Organization–Environment (TOE) Framework in the Australian Context |
| dc.type.none.fl_str_mv | Text Journal contribution info:eu-repo/semantics/publishedVersion text contribution to journal |
| description | <p dir="ltr">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.</p><h2 dir="ltr">Other Information</h2><p dir="ltr">Published in: Sustainability<br>License: <a href="https://creativecommons.org/licenses/by/4.0/" target="_blank">https://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.3390/su13169404" target="_blank">https://dx.doi.org/10.3390/su13169404</a></p> |
| eu_rights_str_mv | openAccess |
| id | Manara2_7d20410174063bea85686e0cd95425dc |
| identifier_str_mv | 10.3390/su13169404 |
| network_acronym_str | Manara2 |
| network_name_str | Manara2 |
| oai_identifier_str | oai:figshare.com:article/31444693 |
| publishDate | 2021 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| rights_invalid_str_mv | CC BY 4.0 |
| spelling | Factors Affecting the Organizational Adoption of Blockchain Technology: Extending the Technology–Organization–Environment (TOE) Framework in the Australian ContextSaleem Malik (23275780)Mehmood Chadhar (23275783)Savanid Vatanasakdakul (20185785)Madhu Chetty (21393)Commerce, management, tourism and servicesBusiness systems in contextInformation and computing sciencesInformation systemsblockchainadoptionfactorsAustraliaTOEorganization<p dir="ltr">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.</p><h2 dir="ltr">Other Information</h2><p dir="ltr">Published in: Sustainability<br>License: <a href="https://creativecommons.org/licenses/by/4.0/" target="_blank">https://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.3390/su13169404" target="_blank">https://dx.doi.org/10.3390/su13169404</a></p>2021-08-21T06:00:00ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.3390/su13169404https://figshare.com/articles/journal_contribution/Factors_Affecting_the_Organizational_Adoption_of_Blockchain_Technology_Extending_the_Technology_Organization_Environment_TOE_Framework_in_the_Australian_Context/31444693CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/314446932021-08-21T06:00:00Z |
| spellingShingle | Factors Affecting the Organizational Adoption of Blockchain Technology: Extending the Technology–Organization–Environment (TOE) Framework in the Australian Context Saleem Malik (23275780) Commerce, management, tourism and services Business systems in context Information and computing sciences Information systems blockchain adoption factors Australia TOE organization |
| status_str | publishedVersion |
| title | Factors Affecting the Organizational Adoption of Blockchain Technology: Extending the Technology–Organization–Environment (TOE) Framework in the Australian Context |
| title_full | Factors Affecting the Organizational Adoption of Blockchain Technology: Extending the Technology–Organization–Environment (TOE) Framework in the Australian Context |
| title_fullStr | Factors Affecting the Organizational Adoption of Blockchain Technology: Extending the Technology–Organization–Environment (TOE) Framework in the Australian Context |
| title_full_unstemmed | Factors Affecting the Organizational Adoption of Blockchain Technology: Extending the Technology–Organization–Environment (TOE) Framework in the Australian Context |
| title_short | Factors Affecting the Organizational Adoption of Blockchain Technology: Extending the Technology–Organization–Environment (TOE) Framework in the Australian Context |
| title_sort | Factors Affecting the Organizational Adoption of Blockchain Technology: Extending the Technology–Organization–Environment (TOE) Framework in the Australian Context |
| topic | Commerce, management, tourism and services Business systems in context Information and computing sciences Information systems blockchain adoption factors Australia TOE organization |