Exploring the barriers and organizational values of blockchain adoption in the banking industry

Saheb, Tahereh; Mamaghani, Faranak Hosseinpouli

doi:10.1016/j.hitech.2021.100417

Cited by 47 publications

(18 citation statements)

References 55 publications

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“…Cost reduction, time-saving, and disintermediation are the main benefits of BCT for Australian organizations. This finding is consistent with the earlier studies of Orji et al [40] and Saheb and Mamaghani [38,89]. The study found that the compatibility of BCT with an organization's technological and financial needs significantly affects its adoption.…”

Section: Discussion and Contributionssupporting

confidence: 92%

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Adoption of Blockchain Technology: Exploring the Factors Affecting Organizational Decision

Malik

Chadhar

Chetty

et al. 2022

Human Behavior and Emerging Technologies

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Blockchain (BCT) is an emerging technology that promises many benefits for organizations, for instance, disintermediation, data security, data transparency, a single version of the truth, and trust among trading partners. Despite its multiple benefits, the adoption rate of BCT among organizations has not reached a significantly high level worldwide, thus requiring further research in this space. The present study addresses this issue in the Australian context. There is a knowledge gap in what specific factors, among the plethora of factors reported in the extant literature, affect the organizational adoption of BCT in Australia. To fill this gap, the study uses the qualitative interpretative research approach along with the technology-organization-environment (TOE) framework as a theoretical lens. The data was mainly drawn from the literature review and semi-structured interviews of the decision-makers and senior IT people from the BCT adopter and potential adopter organizations in Australia. According to the findings, perceived information transparency, perceived risks, organization innovativeness, organization learning capability, standards uncertainty, and competition intensity influence organizational adoption of BCT in Australia. These factors are exclusively identified in this study. The study also validates the influence of perceived benefits and perceived compatibility on BCT adoption that are reported in the past studies. Practically, these findings are helpful for the Australian government and public and private organizations to develop better policies and make informed decisions for the organizational adoption of BCT. The findings would guide decision-makers to think about the adoption of BCT strategically. The study also has theoretical implications explained in the discussion section.

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Section: Discussion and Contributionssupporting

confidence: 92%

“…Perceived Information Transparency. Information transparency is one of the major features of BCT that attracts organizations toward its adoption [88,89]. This increases the overall performance of an organization.…”

Section: Technological Contextmentioning

confidence: 99%

Adoption of Blockchain Technology: Exploring the Factors Affecting Organizational Decision

Malik

Chadhar

Chetty

et al. 2022

Human Behavior and Emerging Technologies

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“…In the next work, Saheb and Mamaghani [75] modified the TOE model to study blockchain adoption in banking. For this purpose, they added four categories listed as a business, strategy, operation, and knowledge management as the organizational values (with 25 variables) to 20 barriers found in three main TOE categories.…”

Section: Blockchain Acceptance In Banking and Financial Institutionsmentioning

confidence: 99%

A Critical Review of Blockchain Acceptance Models—Blockchain Technology Adoption Frameworks and Applications

Taherdoost

2022

Computers

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Blockchain is a promising breakthrough technology that is highly applicable in manifold sectors. The adoption of blockchain technology is accompanied by a range of issues and challenges that make its implementation complicated. To facilitate the successful implementation of blockchain technology, several blockchain adoption frameworks have been developed. However, selecting the appropriate framework based on the conformity of its features with the business sector may be challenging for decision-makers. This study aims to provide a systematic literature review to introduce the adoption frameworks that are most used to assess blockchain adoption and realize business sectors that these models have been applied. Thus, the blockchain adoption models in 56 articles are reviewed and the results of the studies are summarized by categorizing the articles into five main sections including supply chain, industries, financial sector, cryptocurrencies, and other articles (excluded from the former fields). The findings of the study show that the models based on the technology acceptance model (TAM), technology–organization–environment (TOE), and new conceptual frameworks were the focus of the majority of selected articles. Most of the articles have focused on blockchain adoption in different industry fields and supply chain areas.

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“…Several studies (Dutta et al, 2020;Lu et al, 2020;Kouhizadeh et al, 2021;Saheb et al, 2021;Toufaily et al, 2021) have emphasized and addressed organizational and environmental challenges for the successful adoption and implementation of blockchain systems. Organizational readiness, inter-organizational connectedness, management lifecycle, business process, status quo mindset, shortage of compelling apps, Blockchain Implementation Challenges in Developing Countries: An evidencebased systematic review and bibliometric analysis Abu Naser Mohammad Saif, K. M. Anwarul Islam, Afruza Haque, Hamida Akhter, S.M.…”

Section: Organizational and Environmental Challengesmentioning

confidence: 99%

Blockchain Implementation Challenges in Developing Countries: An evidence-based systematic review and bibliometric analysis

Saif¹,

Islam²,

Haque³

et al. 2022

TIM Review

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Exploring the barriers and organizational values of blockchain adoption in the banking industry

Cited by 47 publications

References 55 publications

Adoption of Blockchain Technology: Exploring the Factors Affecting Organizational Decision

Adoption of Blockchain Technology: Exploring the Factors Affecting Organizational Decision

A Critical Review of Blockchain Acceptance Models—Blockchain Technology Adoption Frameworks and Applications

Blockchain Implementation Challenges in Developing Countries: An evidence-based systematic review and bibliometric analysis

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