Antecedents and Outcomes of Blockchain Technology Adoption: Meta-Analysis

Abstract

This study examines the organizational adoption of blockchain technology (BCT) by synthesizing empirical findings reported in 37 studies using a meta-analysis of bivariate relationships. An extended technology-organization-environment (TOE) framework is applied to examine the antecedents and outcomes of BCT adoption. Our results show that various technological, organizational, and environmental factors influence BCT adoption, including technology compatibility, perceived ease of use, top management support, and coercive pressure. Overall, technological factors had a stronger impact than organizational and environmental factors concerning BCT adoption. Further, our analysis identifies the outcomes of BCT adoption, including improvements in operational performance, innovation capability, and sustainability. BCT adoption has the strongest impact on operational performance. Our study contributes to the existing literature by offering a comprehensive and synthesized overview of the antecedents and outcomes of BCT adoption.