A framework of blockchain technology adoption: An investigation of challenges and expected value

The purpose of the paper is to investigate the challenges and implications related to blockchain adoption in the private and public sectors, and from the entrepreneurs’ perspective. Based on 46 semi-structured interviews, a data-driven conceptual framework is proposed focussing on the environmental,...

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Bibliographic Details
Published in:Information & management Vol. 58; no. 3; p. 103444
Main Authors: Toufaily, Elissar, Zalan, Tatiana, Dhaou, Soumaya Ben
Format: Journal Article
Language:English
Published: Elsevier B.V 01.04.2021
Subjects:
Adoption
Blockchain technology
Diffusion
Distributed ledger technology
Ecosystem
Entrepreneurs
Innovation
Private sector
Public sector
Socio-economic implications
Value creation
Innovation
Entrepreneurs
Ecosystem
Distributed ledger technology
Value creation
Socio-economic implications
Diffusion
Private sector
Blockchain technology
Adoption
Public sector
ISSN:0378-7206, 1872-7530
Online Access:Get full text
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Summary:The purpose of the paper is to investigate the challenges and implications related to blockchain adoption in the private and public sectors, and from the entrepreneurs’ perspective. Based on 46 semi-structured interviews, a data-driven conceptual framework is proposed focussing on the environmental, organizational and technological challenges of blockchain adoption. The framework includes expected socio-economic value of blockchain adoption at the ecosystem level from a multi-stakeholder perspective: organizations and industries, end-users and society, public sector, and start-ups and entrepreneurs. The paper highlights the differences between permissioned and permissionless blockchains and identifies new constructs in blockchain technology adoption.
ISSN:0378-7206
1872-7530
DOI:10.1016/j.im.2021.103444