Disintermediation in medical tourism through blockchain technology: an analysis using value-focused thinking approach

Parekh, J. V.; Jaffer, Azain; Bhanushali, Urvi; Shukla, Shekhar

doi:10.1007/s40558-020-00180-4

Cited by 33 publications

(35 citation statements)

References 73 publications

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“…Disintermediation refers to the removal of an intermediary to run business operations [67]. Disintermediation is a core feature of BCT that enables organizations to have peer-peer transactions without the need for intermediaries, which saves economic costs, removes risks associated with the intermediaries, and improves business performance [68]. Organizations could readily interact, send approvals, and trace records when there is no third party involved.…”

Section: Perceived Disintermediation (Pd)mentioning

confidence: 99%

Factors Affecting the Organizational Adoption of Blockchain Technology: Extending the Technology–Organization–Environment (TOE) Framework in the Australian Context

et al. 2021

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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.

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Section: Perceived Disintermediation (Pd)mentioning

confidence: 99%

Factors Affecting the Organizational Adoption of Blockchain Technology: Extending the Technology–Organization–Environment (TOE) Framework in the Australian Context

et al. 2021

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“…Similarly, as an important emerging aspect of subjective well-being, the pursuit of mindfulness is mostly the interest of those less socioeconomically burdened (Andrews 2009 ; Stankov et al 2020a , b ). Furthermore, most current prominent programs for digital well-being, such as the use of Industry 4.0 technologies in the health tourism sector (Parekh et al 2020 ; Wong and Sa'aid Hazley 2020 ) and in wellness service creation and provision (e.g., virtual reality spa treatments, ultrasound therapy or data-driven wellness retreats) (Baldwin et al 2020 ; Parker 2020 ), still rely on relatively expensive technologies.…”

Section: Digital Well-being Continuum From Everyday Life To Tourismmentioning

confidence: 99%

Digital well-being in the tourism domain: mapping new roles and responsibilities

Stankov

Gretzel

2021

Inf Technol Tourism

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Digital well-being has become a popular theme within a public discourse that increasingly attracts consumers, businesses, government institutions and technology providers who all face challenges in their technology-driven existence. However, there have been no attempts to create a comprehensive framework for a general understanding of digital well-being and the new roles and responsibilities that emerge from it in the tourism domain. Thus, this paper looks at understanding digital well-being in general and its concomitant applications in the tourism domain. After mapping characteristic digital well-being approaches and examples, we foresee the need for establishing a digital well-being continuum between everyday life and tourism that rests on three new sets of roles and responsibilities for the tourism domain, grouped around the need for adopting digital well-being philosophy in tourism, setting up new policies, and designing novel services and experiences.

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“…Reduced waiting time. Within medical tourism destinations, the healthcare services are available in a timelier manner that attract the tourists who wish to avoid long waiting times [15,35].…”

Section: Medical Tourismmentioning

confidence: 99%

“…Ref [14] study the potential of blockchain technology to protect healthcare data hosted in a cloud-based environment. Ref [15] reveal that blockchain technology can ensure disintermediation in the medical tourism industry, increase clarity in communication, trust and transparency, mitigate a key challenge of cost rising, and facilitate collaboration between the stakeholders. Ref [16] focuses on the importance of cryptocurrency use in the medical tourism industry and statistically confirms the positive correlation between the use of cryptocurrencies and intentions of medical tourists.…”

Section: Introductionmentioning

confidence: 99%

The Benefits of Blockchain Technology for Medical Tourism

2021

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The paper discusses the benefits of blockchain technology for medical tourism. The major focus is placed on pre-procedure and post-procedure of medical tourism. The authors argue that blockchain technology can facilitate several stages of medical tourism by enabling disintermediation, allowing cryptocurrency payments, ensuring secure data sharing and privacy, and empowering trusted review systems. With regard to COVID-19 pandemic, the paper outlines the current challenges of the medical tourism industry and prop oses the opportunities for blockchain technology use. The paper attempts to provide important insights regarding the positive implications of blockchain technology use within the medical tourism industry as well as to further advance the current knowledge about blockchain technology’s effects for medical tourism.

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Disintermediation in medical tourism through blockchain technology: an analysis using value-focused thinking approach

Cited by 33 publications

References 73 publications

Factors Affecting the Organizational Adoption of Blockchain Technology: Extending the Technology–Organization–Environment (TOE) Framework in the Australian Context

Factors Affecting the Organizational Adoption of Blockchain Technology: Extending the Technology–Organization–Environment (TOE) Framework in the Australian Context

Digital well-being in the tourism domain: mapping new roles and responsibilities

The Benefits of Blockchain Technology for Medical Tourism

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