Blockchain adoption factors

Authors

  • Carlos Bernardino Advance/ISEG (Lisbon School of Economics and Management)
  • Francisco Cesário ISEG (Lisbon School of Economics and Management)
  • Carlos J. Costa Advance/ISEG (Lisbon School of Economics and Management)
  • Manuela Aparicio NOVA Information Management School (NOVA IMS), Universidade Nova de Lisboa
  • João Tiago Aparicio INESC-ID, Instituto Superior Técnico, University of Lisbon

DOI:

https://doi.org/10.12821/ijispm130103

Keywords:

blockchain, blockchain adoption, technology acceptance, technology use behavior

Abstract

Blockchain technology is a distributed ledger that promises transformative changes across various sectors, yet its adoption and integrations in small and medium-sized organizations remain limited. This study investigates the factors that influence the adoption of blockchain technology, emphasizing the significance of Trust and Security as key moderators. Using a questionnaire distributed to a diverse group of employees and analyzing responses through Structural Equation Modeling (SEM-PLS), we constructed a predictive model of blockchain adoption. Our analysis reveals that Performance Expectancy and Social Influence positively affect the intention to adopt blockchain, indicating that perceived effectiveness and peer support drive adoption. Trust significantly enhances this intention, underscoring the importance of confidence in the technology's reliability and security. Environmental Concerns present a barrier, suggesting sustainability perceptions can deter adoption. This study conclusively demonstrates that promoting trust, addressing environmental sustainability, and leveraging social influence are pivotal for accelerating blockchain adoption in small and medium-sized organizations.

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Published

2025-01-27

How to Cite

Bernardino, C., Cesário, F., Costa, C. J., Aparicio, M., & Aparicio, J. T. (2025). Blockchain adoption factors. International Journal of Information Systems and Project Management, 13(1), 1–23. https://doi.org/10.12821/ijispm130103

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Articles