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IJSTR >> Volume 9 - Issue 2, February 2020 Edition



International Journal of Scientific & Technology Research  
International Journal of Scientific & Technology Research

Website: http://www.ijstr.org

ISSN 2277-8616



Block Chain Technology Adoption Using TOE Framework

[Full Text]

 

AUTHOR(S)

Dr.Mugdha Kulkarni,Dr.Kanchan Patil

 

KEYWORDS

Block Chain Technology, banking services, Technology-Organization-Environment, Distributed ledger, PLS-SEM

 

ABSTRACT

This research explores the acceptance of BlockChain Technology (BCT) in Banking services. BCT has changed from traditional centralised system to decentralized ledger which is a total 360 degree change .Adoption of BCT is a challenge and hence this research scrutinies the adoption of BCT using the Technology-Organization-Environment framework theory. The study highlighted that blockchain technologies hold the potential to store tempered proof data, i.e. append-only database and consensus-based on a distributed ledger system. For blockchain technologies to become the foundation stone for banking and financial services, an understanding of BCT adoption in Indian banks is essential. Therefore, the researcher explored the antecedents of BCT adoption and its outcomes. This study investigated Information Technology officers, bank managers and bank employees of banks in India about BCT adoption through a structured questionnaire. Data collected was analyzed using the PLS-SEM. In conclusion, BCT infrastructure, BCT knowledge, relative advantage, transaction cost, perceived security, organizational scope, consumer readiness, competitive pressure, government policies and bank partner readiness are the factors that affect the Blockchain technology adoption . This study provides valuable insights into bank managers/employees and technology vendors. It also gives suggestions to government officials involved in the 'Digital India' initiative of Government of India (GoI).

 

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