The adoption of blockchain technology in norwegian corporations

Abstract

Blockchain was launched as a social experiment by Satoshi Nakamoto in 2009, when the person
\nor persons behind the pseudonym launched an online currency named Bitcoin. What started out
\nas a decentralized alternative to traditional finance, has eventually turned into what some people
\nbelieve to be a technological revolution. This may in time alter governments and businesses in
\nthe same way the Internet did when it was popularized.
\nHowever, there has been done little research on corporations and governments adoption of this
\nnew technology. The presented study aims to expand this research, and develop a theoretical
\nmodel that could explain some of the adoption intentions among corporations and their
\nemployees. While being narrow in scope, the research may prove to be a suitable framework for
\nbroader future studies on the technology. The established theoretical framework of the
\nTechnology Adoption Model, with extensions from the Theory of Reasoned Action and Theory
\nof Planned Behavior is the foundation for the research.
\nThe data for this research was obtained through a survey (N=102), before the output was
\nanalyzed. The results show that subjective norm and perceived usefulness are important factors
\nof the intention to use Blockchain technology among Norwegian corporations. All in all, this
\nmodel explains 45.7 % of the variance in intention to adopt the technology.