Blockchain Technology for Supply Chains operating in emerging markets: an empirical examination of technology-organization-environment (TOE) framework

Abstract

Organizations adopt blockchain technologies to provide solutions that deliver transparency, traceability, trust, and security to their stakeholders. In a novel contribution to the literature, this study adopts the technology-organization-environment (TOE) framework to examine the technological, organizational, and environmental dimensions for adopting blockchain technology in supply chains. This represents a departure from prior studies which have adopted the technology acceptance model (TAM), technology readiness index (TRI), theory of planned behavior (TPB), united theory of acceptance and use of technology (UTAUT) models. Data was collected through a survey of 525 supply chain management professionals in India. The research model was tested using structural equation modeling. The results show that all the eleven TOE constructs, including relative advantage, trust, compatibility, security, firm’s IT resources, higher authority support, firm size, monetary resources, rivalry pressure, business partner pressure, and regulatory pressure, had a significant influence on the decision of blockchain technology adoption in Indian supply chains. The findings of this study reveal that the role of blockchain technology adoption in supply chains may significantly improve firm performance improving transparency, trust and security for stakeholders within the supply chain. Further, this research framework contributes to the theoretical advancement of the existing body of knowledge in blockchain technology adoption studies.

An SEM-ANN analysis of the impacts of Blockchain on competitive advantage

“…, 2020). The framework has been applied in various technology adoption studies including Blockchain adoption by organizations (Chittipaka et al ., 2022).…”

“…Chittipaka et al . (2022) examined Blockchain adoption among 525 Indian SCM professionals using the TOE framework.…”

“…TOE framework provides a more extensive and holistic view of technology adoption, especially in uniting both human and non-human factors into a sole framework (Wong et al, 2020). The framework has been applied in various technology adoption studies including Blockchain adoption by organizations (Chittipaka et al, 2022).…”

“…Using SEM-PLS and artificial neural networks, the study showed that relative advantage, complexity, competitive pressure and cost have significant effects on the intention to adopt Blockchain supply chain management (BSCM). Chittipaka et al (2022) examined Blockchain adoption among 525 Indian SCM professionals using the TOE framework. The findings showed that compatibility, relative advantage, security, trust, IT resources, monetary resources, higher authority support, rivalry pressure, regulatory pressure, business partner pressure and firm size significantly influence Blockchain adoption.…”

The role of technology in supply chain decarbonisation: towards an integrated conceptual framework

“…The technology–organisation–environment (TOE) framework can explain the factors for technology adoption in organisations by affirming the significance of technological, organisational and environmental contextual factors (Tornatzky et al , 1990; Venkatesh and Bala, 2012). It focusses on an organisational-level analysis and has been successfully applied in technology adoption in SCM research (Chen et al , 2015; Chittipaka et al , 2022; Venkatesh and Bala, 2012). Among the three contexts, the technological factor includes the technologies relevant to the organisation; the organisational factor describes the attributes within the organisation; and the environmental aspect concerns the influence of the business environment, including impacts from authorities, competitors and other stakeholders (Chong and Ooi, 2008; Tornatzky et al , 1990).…”