Blockchain: Technical Feasibility for Assessing Organizational Fit

Adopting new technologies such as the Blockchain technology requires considering the broad range of different factors associated with the same. There is just the emergence of the scholarly literature on the Blockchain technology. The studies mainly focus on the technical aspects of the technology specking on its architecture, way of functioning and such. Not many studies focus on the framework that can be referred to, to adopt the Blockchain technology. In this study a framework for adoption of the Blockchain technology has been proposed considering the different factors such as organizational, business and engineering factors. Each of these factors has been further divided into sub-factors for better understanding. These factors are interlinked to one another and mutually influence each other. This framework that has been proposed can be implemented by the organizations as a point of reference for adopting different applications of Blockchain. The scholars can further expand the study and refine as well as carry out future research in this domain.

Studies in Informatics and Control, 2021

The aim of this paper is to analyze how blockchain technology can improve supply chain variables and technology transfer in medium-sized enterprises from IT&C sector. Blockchain technology is expected to enhance the velocity and reliability of business and managerial processes and increase competitiveness of IT&C companies. The purpose was to see if these combined elements could lead to the generation of competitive advantage, which in turn would influence the firm performance. Based on the study of relevant literature, a conceptual and methodological framework was developed and tested on 383 medium-sized companies from the IT&C sector, using the Confirmatory Factor Analysis. The results of this study show that blockchain technology positively influences supply chain variables and technology transfer, with direct effects on the firm performance.

Sustainability, 2021

Blockchain technology (BCT) has been gaining popularity due to its benefits for almost every industry. However, despite its benefits, the organizational adoption of BCT is rather limited. This lack of uptake motivated us to identify the factors that influence the adoption of BCT from an organizational perspective. In doing this, we reviewed the BCT literature, interviewed BCT experts, and proposed a research model based on the TOE framework. Specifically, we theorized the role of technological (perceived benefits, compatibility, information transparency, and disintermediation), organizational (organization innovativeness, organizational learning capability, and top management support), and environmental (competition intensity, government support, trading partners readiness, and standards uncertainty) factors in the organizational adoption of BCT in Australia. We confirmed the model with a sample of adopters and potential adopter organizations in Australia. The results show a signifi...

This is an exploration of Blockchain technology that is growing in popularity and it seems to be able to disrupt a plethora of industries. A research is being conducted to examine Blockchain's potential to be adopted by enterprises from different sectors as well as the parameters that could affect its adoption. Mostly known as the technology that underpins Bitcoin, this concept raised a significant interest within various markets. Blockchain offers a new approach to valued information management and sharing and it is introduced as a solution against the inefficiencies that affect the industry. Experts, infrastructure providers and banks can now work on this technology and explore its uses. This is a new technology journey with obstacles that will need to be overcome and it can not be clear yet what will eventually arise. Professionals from around the world express their views on the adoption of Blockchain by organisations and how these plan to support its deployment. Thoughts are shared in terms of the required budget and the parameters that can impact its adoption. There is a great interest in Blockchain technology and its revolutionary potential to modernize the world economy and this is only the beginning.

HAL (Le Centre pour la Communication Scientifique Directe), 2020

With the recognition of the considerable benefits of blockchain technology, researchers have paid increased attention to its implementation in the Supply Chain. However, since prior research were conducted there is a dearth of studies considering blockchain technology adoption stages (evaluation, adoption, and routinization). To fill in this gap we developed an integrated model with special considerations related to the blockchain technology specificities to examine how technological, organizational, and environmental factors influence the three-stages of blockchain technology adoption process in the supply chain. This study provides a holistic view of blockchain technology diffusion in firms level with practical guidance for successful blockchain technology implementation in supply chain.

Proceedings

In recent years, the concept of digital transformation has emerged as an area where businesses have been working intensively. Digital transformation refers to the holistic transformation of businesses in human and business processes and technology elements in order to provide more effective and efficient services. Therefore, blockchain, which is called a disruptive technology, has great importance in ensuring the digital transformation of businesses. In this study, some determinations have been made about the adoption of blockchain technology and situation analysis while performing digital transformation in businesses. In this context, semi-structured interviews were held with experts in the blockchain field.

Technological Forecasting and Social Change, 2021

Blockchain has gained substantial recognition for its ability to induce transformation and innovation in existing business models and frameworks. Consequently, the application of this technology to the management domain and its processes has attracted increasing interest from academia and industry. Although research addressing the use of blockchain in management has gained momentum, this field presents a discontinuous overview of the current scope and boundary of the knowledge thereon. This study addresses this lacuna using bibliometric analyses to synthesize the prior literature. Data from Scopus 586 articles, entailing contributions from 72 countries, 273 journals, 1016 organizations, and 1284 authors, were analyzed. The findings indicate a maturing research focus on blockchain applications in specific managerial sectors, such as finance and supply chain management. However, this field's conceptual evolution is posited to be in its infancy in other sectors, such as for managing luxury goods and counterfeit products. Further, the thematic classification of the extant literature led to the identification of the following four major themes of research: strategy and regulation, enablement and implication, multi-domain deployment, and the inefficiencies of bitcoin. These findings are used to propose directions for further research in this field, such as the need for methodological advancement and theoretical grounding.

The Journal of the British Blockchain Association, 2018

We live in a world that has historically been dominated by centralized, hierarchical organizations. Such organizations are characterized by (i) a centralized source of authority; (ii) a formal hierarchy with clearly defined "roles"; and, (iii) standardized operational systems and procedures dictated by that centralized authority/hierarchy. This type of organization has exerted an enormous influence on modern political, economic and social life, particularly in a business context. Regulatory models have been designed to support and sustain businesses organized in this way. Today, however, new digital technologies are disrupting this "old world" and introducing a shift in the practices and mindset of our society. New technologies are driving the emergence of "flatter", more decentralized forms of organization. In this paper, we offer an analysis of how blockchain and related distributed ledger technologies are disrupting corporate organizations as an illustration of this broader "digital transformation." The paper briefly introduces the digital transformation and main argument (Section 1); then considers how the digital transformation has led to the emergence of "platform" companies (Section 2). Since blockchain technology can be viewed as a next step in the "digital development" of a corporate organization, the paper then discusses the main features of blockchain technologies and smart contracts (Sections 3 & 4) and examines the often-made claim that these technologies are all just hype / a fad (Section 5). Section 6 explores why these technologies are so potentially disruptive in a business context and then introduces several examples of such blockchain-based business organizations, as well as possible future developments (Sections 7 and 8). Section 9 concludes.

Industrial Management & Data Systems

PurposeLarge attention surrounds identifying the meaningful blockchain business model on financial services, while a little focus about non-financial organizations and solutions in terms of how the blockchain business model can affect the organization and bring more value. To address the complex structure of businesses that have public goods, it is important to develop sustainable blockchain-based business models.Design/methodology/approachThis study offers the first qualitative research that uses an integrated technological, environmental and organizational (TOE) framework with technology acceptance theory (TAM) to study the adoption of blockchain technology by Spanish firms.FindingsThe results of the paper discuss how that competitive pressure, competence, top management support and relative advantage have a positive impact on intention to adopt blockchain technology while complexity affects the intention to adopt the technology negatively. Contrary to many adoption studies, the f...

The Journal of The British Blockchain Association, 2021

Blockchain and other distributed ledger technologies have enormous potential for creating business value but have not yet been widely adopted. Enterprise blockchain systems are recognised as solutions to existing operational problems or 'pain points' but their potential for delivering value through strategic opportunities is not well understood. Drawing from literature on strategic alliances and the resource-based view of the firm, we identify avenues through which blockchain systems can contribute to a firm's strategic capabilities and, as a result, to its sustained competitive advantage. We provide a framework for understanding how participation in blockchain solutions can enable companies to build upon existing strategic capabilities, strengthen collaborative capabilities and develop blockchain-specific capabilities. The framework can be useful to firms and service providers for incorporating strategic outcomes into the evaluation of blockchain investment opportunities.

2024

In the last twenty years, information technology has relatively advanced different aspects of people's cal, societal interactions and companies affecting the quality of life. The modern e-commerce organizations require MIS that is used in the acquisition, processing, and reporting of relevant data for decision making purposes. This paper focuses on how Blockchain has been incorporated into MIS within e-commerce firms located in the United States, and provides a literature review of the advantages and problems involved. By synthesizing academic research from management and business process journals, the study presents important areas where MIS can be improved by blockchain technology and solutions while also presenting important disadvantages such as scalability problems and regulatory challenges and high implementation costs. The results of this study are summarized in the following sections, ending with a discussion of the possible opportunities that blockchain-MIS can leverage for innovation and trust in today's American e-businesses. To this end, this paper seeks to give an objective analysis of the effects of blockchain technology on MIS in e-commerce in order to help executive managers make better decisions on its adoption.

International Journal of Operations & Production Management, 2022

Purpose Blockchain is increasingly being considered for applications in operations and supply chain management. However, evidence from practice is still scarce on why, where and how organizations seek to apply the technology in the supply chain across different industries. The study develops a comprehensive framework to enhance understanding of the application areas of blockchain technology in the supply chain, as well as organizations' motivations in seeking blockchain solutions and relevant contingency factors influencing applications. Design/methodology/approach The authors investigate 50 use cases of blockchain applications in the supply chain, covering six industries. Contingency theory is applied in conducting a qualitative textual and correlation analysis to identify and compare blockchain adoption motivations, application areas and contingency factors across different industries. Findings The analysis develops an evidence-based framework that captures ten principal motivations in seeking blockchain solutions, three main blockchain application areas along with important application subcategories and five clusters of contingency factors that influence blockchain deployment and its uses in different industrial sectors. Research limitations/implications The study expands the limited cross-sectoral research on blockchain applications and motivations in the supply chain. Using contingency theory, it presents a comprehensive framework that captures the drivers and factors relating to blockchain adoption in the supply chain in a nomological network. The study lays the foundation for further theoretical perspectives and empirical research to investigate relevant sectoral characteristics and their importance for different types of blockchain application in the supply chain. Practical implications The study informs practitioners about potential supply chain application areas that can be enhanced through blockchain technology, taking account of the specific characteristics of their products, business and manufacturing processes, supply network configurations, industry standards, regulations and market demand. Originality/value The study is the first to provide cross-sectoral evidence on the relevance of organizations' motivations and numerous contingency factors on blockchain application areas in the supply chain.

Proceedings of the Annual Hawaii International Conference on System Sciences, 2022

Although blockchain has drawn significant attention since its introduction in 2008, determinants of its adoption remain largely unknown. Relying on the Resource-Based View (hereafter, RBV) of the firm as a theoretical guide, we investigate whether a firm's business strategy affects its decision on blockchain adoption. We split firms into prospectors (risk takers) and defenders (interested in cost stability) consistent with the business strategy framework to determine if the former group is more likely to adopt blockchain. Using a sample of 208 firms from 2015 to 2019, we find that prospectors are more likely to adopt blockchain than defenders. Results suggest blockchain brings more net benefits to prospectors than to defenders. The results support RBV and business strategy theories and are robust to the consistency test, factor analysis, and placebo test. The findings imply that the alignment between business strategy and technology characteristics motivates firms to adopt specific technology.

Current Journal of Applied Science and Technology

Aims: To explore and describe behavioural and organisational factors playing a role in the adoption of blockchain technology in the supply network, next to technical aspects. Research Questions: (1) “Why would companies use it and insert information considered as strategic?” (2) “Why would customers use it and consumers trust it?” (3) “Is it suitable for every firm?”. Study Design/Methodology: A literature review combined with mind mapping describes potentially promising strong aspects and vulnerabilities. Limitations in present blockchain use are considered before moving towards a research method that observes, explains and predicts relevant human decision behaviour. A mixed methods approach of qualitative research applying Atlas.ti uses participative observations next to narratives and interviews with selected interviewees. This Step Wise Two Stage MiniDelphi approach was used, resulting in the opinions of experts in Supply Chain Management, fashion, food, HRM and IT. Theoretical ...

International Journal of Research in Education Humanities and Commerce, 2024

Today, it is rare to find a field in which digital technologies have not entered, and certainly the field of human resources management is not an exception. It is a technology called blockchain or block chain. This article discusses the process of blockchain work and how it helps managers to improve the quality of employees' performance in the company, in this way, employees can work according to their abilities and the company's desires, without worrying about the misuse of data. Promote themselves. In this research, an attempt is made to evaluate the effect of using blockchain technology, which has unique characteristics, on aspects of human resource management such as recruitment and selection system, training and development, service compensation and payment, performance evaluation and communication that can be The effect of this technology should be investigated. On this basis, we have tried to use the available sources (books, articles, publications and virtual findings) and interpret them with a descriptive method. In this way, we have sought help from technical professors. According to the intended goal, the impact of new technology and the fourth revolution, i.e. data technology (Blockchain) on the effectiveness of human resource management has been discussed from various angles. The writing arrangement of the article is as a review and promotional article describing and expressing the effectiveness of blockchain in human resource management.