Determinant Factors Influencing the Adoption of Blockchain Across SMEs in South Africa

Molati, Katiso; Ilorah, Appolonia; Moeti, Michael N.

doi:10.1109/telsiks52058.2021.9606343

Cited by 5 publications

(2 citation statements)

References 11 publications

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“…Social influence and norms can shape the perception and adoption of blockchain technology within a specific industry or community [29,30]. The influence of trading partners and industry peers also plays a role, as organisations may adopt blockchain to align with industry standards or meet the expectations of their business partners [49].…”

Section: Stakeholder Factorsmentioning

confidence: 99%

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Investigating the Factors Influencing the Adoption of Blockchain Technology across Different Countries and Industries: A Systematic Literature Review

Marengo

Pagano

2023

Electronics

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Despite the reported disruptive nature of blockchain technology in the extant literature, its adoption is slower than its potential. This difference between the technology’s promises and its current adoption has sparked interest in understanding the factors impeding widespread adoption. This systematic literature review (SLR), drawn from 1786 studies published between 2008 and May 2023, seeks to address this gap. Specifically, our research explores the influence of factors and their differences and commonalities on blockchain adoption. The SLR, examining individual and organisational perspectives, identifies 152 unique factors influencing 25 industries across 21 countries. This review also highlights distinct commonalities and variations in these factors across industries and countries. For instance, while regulatory issues and costs were universal concerns, the importance of technical understanding diverged between industries. Furthermore, country-specific factors, including local regulations and cultural aspects, emerged as significantly influenced insights that provide a comprehensive perspective on the dynamics of blockchain adoption, offering valuable guidance to industry practitioners and researchers striving to navigate the complexities of blockchain integration.

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Section: Stakeholder Factorsmentioning

confidence: 99%

“…Market characteristics, including competition and customer demands, can influence the urgency for blockchain implementation. Understanding the unique challenges and opportunities within a specific industry helps tailor blockchain solutions to address industry-specific needs [49].…”

Section: Industry-specific Factorsmentioning

confidence: 99%

Investigating the Factors Influencing the Adoption of Blockchain Technology across Different Countries and Industries: A Systematic Literature Review

Marengo

Pagano

2023

Electronics

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Conceptual Framework of Blockchain Technology Adoption in Saudi Public Hospitals Using TOE Framework

Khwaji

Alsahafi

Hussain

2022

Lecture Notes in Networks and Systems

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A Conceptual Model for the Digital Inclusion of SMMEs in the Informal Sector in South Africa - The Use of Blockchain Technology to Access Loans

Mosupye-Semenya

2023

Lecture Notes of the Institute for Computer Sciences, Social Informatics and Telecommunications Engineering

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Determinant Factors Influencing the Adoption of Blockchain Across SMEs in South Africa

Cited by 5 publications

References 11 publications

Investigating the Factors Influencing the Adoption of Blockchain Technology across Different Countries and Industries: A Systematic Literature Review

Investigating the Factors Influencing the Adoption of Blockchain Technology across Different Countries and Industries: A Systematic Literature Review

Conceptual Framework of Blockchain Technology Adoption in Saudi Public Hospitals Using TOE Framework

A Conceptual Model for the Digital Inclusion of SMMEs in the Informal Sector in South Africa - The Use of Blockchain Technology to Access Loans

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