Blockchain adoption: Technological, organisational and environmental considerations
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2018Author
Clohessy, Trevor
Acton, Thomas
Rogers, Nichola
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Clohessy, Trevor , Acton, Thomas , & Rogers, Nichola. (2018). Blockchain adoption: Technological, organisational and environmental considerations. In Horst Treiblmaier & Roman Beck (Eds.), Business Transformation through Blockchain (Vol. 2). Cham, Switzerland: Palgrave Macmillan.
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Abstract
Information technology (IT) innovation is rapidly reshaping organisations,
affecting fundamental aspects of their everyday business activities and processes. This
development is accompanied by benefits as well as challenges. In this article, we focus on a
specific distributed ledger IT called blockchain which has been heralded as possessing the
capability to radically transform a multitude of industries. However, there is a dearth of
research which has coalesced the important considerations that organisations should consider
prior to adopting blockchain technologies. Consequently, using innovation theory, which has
been extensively used to examine the adoption of IT in organisations, we identify salient
technological, organisational and environmental (TOE) considerations which influence the
adoption of blockchain by organisations. We anchor our discussion using the top three
organisational considerations which emerged from our research: top management support,
organisational readiness, and organisational support. We also provide an overview of the
blockchain concept and outline the advantages and potential use cases that organisations
contemplating adopting the technology can leverage.
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