Understanding the challenges of blockchain technology adoption:Evidence from China’s developing carbon markets

PurposeBlockchain is a disruptive technology that has matured to deliver robust, global, IT systems, yet adoption lags predictions. The authors explore barriers to adoption in the context of a global challenge with multiple stakeholders: integration of carbon markets. Going beyond the dominant economic-rationalistic paradigm of information system (IS) innovation adoption, the authors reduce pro-innovation bias and broaden inter-organizational scope by using technological frames theory to capture the cognitive framing of the challenges perceived within the world’s largest carbon emitter: China.Design/methodology/approachSemi-structured interviews with 15 key experts representing three communities in China’s carbon markets: IT experts in carbon markets; carbon market experts with conceptual knowledge of blockchain and carbon market experts with practical blockchain experience.FindingsPerceived technical challenges were found to be the least significant in explaining adoption. Significant challenges in five areas: social, political legal and policy (PLP), data, organizational and managerial (OM) and economic, with PLP and OM given most weight. Mapping to frames developed to encompass these challenges: nature of technology, strategic use of technology and technology readiness resolved frame incongruence that, in the case explored, did not lead to rejection of blockchain, but a decision to defer investment, increase the scope of analysis and delay the adoption decision.Originality/valueIncreases scope and resolution of IS adoption research. Technological frames theory moves from predominant economic-rational models to a social cognitive perspective. Broadens understanding of blockchain adoption in a context combining the world’s most carbon emissions with ownership of most blockchain patents, detailing socio-technical challenges and delivering practical guidance for policymakers and practitioners

A Tertiary Review on Blockchain and Sustainability With Focus on Sustainable Development Goals

Sustainable development is crucial to securing the future of humanity. Blockchain as a disruptive technology and a driver for social change has exhibited great potential to promote sustainable practices and help organizations and governments achieve the United Nations’ Sustainable Development Goals (SDGs). Existing literature reviews on blockchain and sustainability often focus only on topics related to a few SDGs. There is a need to consolidate existing results in terms of SDGs and provide a comprehensive overview of the impacts that blockchain technology may have on each SDG. This paper intends to bridge this gap, presenting a tertiary review based on 42 literature reviews, to investigate the relationship between blockchain and sustainability in light of SDGs. The method used is a consensus-based expert elicitation with thematic analysis. The findings include a novel and comprehensive mapping of impact-based interlinkage of blockchain and SDGs and a systematic overview of drivers and barriers to adopting blockchain for sustainability. The findings reveal that blockchain can have a positive impact on all 17 SDGs though some negative effects can occur and impede the achievement of certain objectives. 76 positive and 10 negative linkages between blockchain adoption and the 17 SDGs as well as 45 factors that drive or hinder blockchain adoption for the achievement of SDGs have been identified. Research gaps to overcome the barriers and enhance blockchain’s positive impacts have also been identified. The findings may help managers in evaluating the applicability and tradeoffs, and policymakers in making supportive measures to facilitate sustainability using blockchain.publishedVersio

Opportunities and Barriers to the Adoption of Blockchain-Based Games in an Online Gaming Company in Thailand

This research aims to explore potential opportunities and barriers related to the adoption of blockchain-based games in an online gaming company in Thailand. The identified opportunities are classified under the benefits framework proposed by Shang and Seddon [1], and the identified barriers are classified under the Technology-Organisation-Environment (TOE) framework. Based on the knowledge and experience of experts in the case company, all the opportunities and barriers are then assessed using the concept of Failure Mode and Effect Analysis (FMEA), which is further improved using the Analytic Hierarchy Process (AHP) by assigning a relative weight to each element of the FMEA before being used to find the priority number (PN). Next, the Pareto principle is applied to reveal the critical opportunities and barriers. As a result, a total of 21 critical opportunities are revealed and categorised into 5 dimensions: 4 operational opportunities; 3 managerial opportunities; 7 strategic opportunities; 4 infrastructure opportunities; and 3 organisational opportunities, and a total of 19 critical barriers are revealed and categorised into 3 dimensions: 7 technological barriers; 6 organisational barriers; and 6 environmental barriers. The TOWS matrix is then used to formulate possible strategies for the case company to exploit the opportunities and address the barriers to the adoption of blockchain-based games. As a result, a total of 7 SO, 12 ST, 5 WO, and 1 WT strategies are proposed. Based on the PNs and the interview with experts, a roadmap including short-, medium-, and long-term action plans is also developed to facilitate the adoption of blockchain-based games

A Utility Theory Model for Individual Adoption of Bitcoin

In recent years, the growth of cryptocurrency prices, notably that of Bitcoin has garnered mainstream news coverage. However, very little is known about the factors that motivate an individual to adopt Bitcoin, though studies abound in the blockchain technology adoption and its use in various domains such as healthcare, supply chain, and finance. In the current paper, we argue that the existing, widely-used IT adoption models may not thoroughly explain the reasons (i.e., benefits, barriers, and specific factors) associated with the adoption of cryptocurrencies. We propose a research model based on UTAUT and utility theory to discover the perceived benefits, perceived risks, facilitating conditions, and social effects in the individual adoption of Bitcoin

Blockchain adoption in food supply chains: a review and implementation framework

Blockchain technology has received significant attention from the food industry; however, due to the scarcity of successful Blockchain projects and sector-specific studies, a step-by-step approach for implementing Blockchain in food supply chains (FSCs) is still missing. A systematic literature review of 69 high-quality, peer-reviewed articles is utilized to capture Blockchain adoption drivers and barriers, applications, and implementation stages within FSCs. Current Blockchain issues such as scalability, regulations, privacy, and incentivization are identified as future research opportunities. Following innovation adoption theory, a three-stage conceptual framework for Blockchain implementation in FSCs is developed. The proposed framework is novel and is expected to benefit food chain managers in establishing the suitability of Blockchain for their organization and/or wider supply network. Identified influential factors, case examples, and implementation stages are expected to guide practitioners in developing a roadmap for adopting Blockchain in the food industry