TY - JOUR
T1 - A framework for analysing blockchain technology adoption
T2 - integrating institutional, market and technical factors
AU - Weerakkody, Vishanth
AU - Ismagilova, Elvira
AU - Janssen, Marijn
AU - Sivarajah, Sankar
AU - Irani, Zahir
PY - 2019/9/11
Y1 - 2019/9/11
N2 - 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.
AB - 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.
KW - Business and management studies
U2 - 10.1016/j.ijinfomgt.2019.08.012
DO - 10.1016/j.ijinfomgt.2019.08.012
M3 - Article
SN - 0268-4012
VL - 50
SP - 302
EP - 309
JO - International Journal of Information Management
JF - International Journal of Information Management
ER -