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Impact of institutional pressures and security on blockchain technology adoption and organization performance: an empirical study

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Abstract

Analyzing the adoption of Blockchain technology (BCT) in the supply chain becomes crucial considering its inter-organizational nature. The nodal center of power (generally the leading firm in any supply chain) pressures the other members to adopt the technology. This study investigates the impact of external pressures, such as coercive, mimetic, and normative pressures, combined with security measures, on adopting BCT and its subsequent influence on organizations’ cost performance. To achieve this, a questionnaire based on isomorphism theory and security is developed, and data is collected from 222 supply chain professionals. The collected data was then analyzed using a structural equation model to test the proposed hypotheses. The findings reveal that coercive pressure and security measures significantly influence the adoption of BCT, which in turn has a positive effect on organizational performance. This study provides a fresh perspective for practitioners and technology providers by shedding light on the external pressures that can shape the adoption of blockchain technology in a firm and its supply chain.

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Notes

  1. https://www.apple.com/supplier-responsibility/pdf/Apple-Supplier-List.pdf

  2. McKinsey, "Blockchain—Disrupting the Rules of the Banking Industry, 7 June 2016. [Online]. Available: https://www.mckinsey.com/industries/financial-services/our-insights/blockchain-andretail-banking-making-the-connection”.

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  1. Department of Production, Operations, and Decision Sciences, XLRI -Xavier School of Management, Jamshedpur, India

    Neelesh Kumar Mishra

  2. XLRI -Xavier School of Management, Jamshedpur, India

    Neelesh Kumar Mishra, Swapnil Sahoo & Swati Agarwal

  3. School of Business and Management, Jaipur National University, Jaipur, India

    Poorva Pande Sharma

  4. Logistics and Supply Chain Management, CII School of Logistics- Amity University, Noida, India

    Faizan Ilahi

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Appendix 1

Appendix 1

See Tables 7 and 8.

Table 7 Variables and Items of the Questionnaire 
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Table 8 Outer loading
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Mishra, N.K., Sahoo, S., Agarwal, S. et al. Impact of institutional pressures and security on blockchain technology adoption and organization performance: an empirical study. J Technol Transf (2024). https://doi.org/10.1007/s10961-024-10098-2

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