Individual Dynamic Capabilities Influential Factors in Blockchain Technology Innovation from Hospital Settings

Abstract

The healthcare sector, characterized by its intricate network of stakeholders and rigorous regulatory demands, presents distinct challenges for the integration of Blockchain Technology (BT). Recent focus has shifted towards harnessing Individual Dynamic Capabilities (IDC) to secure a competitive edge. This approach aims to cultivate novel organizational competencies that generate value, ultimately benefiting all stakeholders in the healthcare system during the adoption of emerging technologies. This study delves into the significance of IDC in the seamless integration of BT within hospital infrastructures. The aim is to evaluate whether IDC is instrumental in the triumphant execution of BT initiatives in these settings, propelling innovation, safeguarding data authenticity, and cultivating trust among the involved parties. A systematic literature review (SLR) served as the foundational methodology to address the research objectives. The SLR involved a comprehensive search of databases to identify relevant literature, followed by an in-depth evaluation of the articles that were found. Through this process, the researchers were able to identify and assess the value of IDC in BT initiatives, as well as identify any potential risks associated with its use. Additionally, insights were gleaned regarding the impact of IDC, extrapolated from theoretical frameworks, and contextualized within the realm of hospital BT management. The findings revealed existing synergies between certain IDC and BT solutions, conferring both strategic and operational superiority by aligning BT with intricate demands. The research further underscored the transformative potential of BT across various healthcare facets, ranging from patient documentation to financial transactions. This research can pave the way for subsequent investigations into the interplay between IDC and BT.