<p>Blockchain technology has the potential to alleviate paper-based administration and risks of double-financing in supply chain finance (SCF) and trade finance (TF), providing buyers and sellers greater access to working capital. This research examines the drivers and barriers of blockchain adoption from a multi-stakeholder approach: banks, technology providers, consultants, buyers and sellers. Adoption factors are also investigated using different stages of implementation: evaluation, proof-of-concept, development, and production. A mixedmethodology of semi-structured interviews with 11 participants and a follow-up study using the Best-Worst Method (BWM), a multi-criteria decision-making (MCDM) methodology, is conducted. The study identifies 16 drivers and 18 barriers where adoption by network peers is the top driver and legal and regulatory uncertainties is the top barrier. Intra-organizational and environmental drivers were found to be more important than technological factors. This research contributes novel managerial and theoretical insights to blockchain adoption literature using the technology-organization-environment (TOE) framework.</p>