The Drivers Behind Blockchain Adoption: The Rationality of Irrational Choices

Abstract

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Adoption of Blockchain Technology: Exploring the Factors Affecting Organizational Decision

“…They were requested to nominate a person The study describes possible use cases of BCT in higher education such as the library, human resources, and securing student records, and presents a literature review in this regard. However, the research is narrative rather than providing empirical evidence for the adoption of BCT at the organizational level 2 Koens and Poll [59] The study explains and evaluates the appropriateness of BCT in three different scenarios, namely, cryptocurrency-Bitcoin, identity management solution-uPort, and supply chain solution-IBM Hyperledger Fabric, by using an existing decision model. The study analyses the suitability of BCT in the context of different parameters 3 Taufiq et al [60] The study provides a literature review on the factors affecting the adoption of BCT in the Indonesian banking payment system.…”

Ecosystem Readiness: Blockchain Adoption is Driven Externally

“…The literature about specific factors influencing the adoption of the blockchain technology by organization is still in its infancy and has only recently begun to gain momentum. Koens and Poll (2018), Angelis and da Silva (2019), Werner et al (2020) as well as Schuetz and Venkatesh (2020) define several value drivers for the adoption of blockchain, whereas they mainly focus on the blockchain specific technical characteristics like open access, decentralized consensus, immutability and distributed verification to explain why or why not the adoption of blockchain can generate values like transparency, efficiency and disintermediation to users. This strong focus on the (perceived) value of blockchain is in line with the Technology Acceptance Model (TAM) (Davis, 1985) and its emphasis on perceived usefulness and perceived ease of use to explain why users accept and use a technology.…”

Blockchain adoption drivers: The rationality of irrational choices

“…Finally, in this extended version of Reference 1, we include three additional scenarios, one new driver category and three new nontechnical drivers.…”