Identifying Factors Affecting Blockchain Technology Diffusion

Abstract

Blockchain technology will increasingly gain attention from both academics as well as practitioners and has \\ the potential to disrupt traditional work methods in most industries. At least, that is what innovators and \\ early adopters have promised. Published papers in the current body of knowledge are almost solely aimed \\ towards technical aspects of blockchain technology. As far as the researchers are aware, no research has \\ been conducted to identify factors affecting blockchain technology diffusion. Through grounded theory-based data collection and analysis, the factors affecting blockchain technology diffusion are identified in \\ this research. Based on 18 semi-structured expert interviews, 13 factors affecting blockchain technology \\ diffusion have been identified. The identified factors could be used as guidelines in the future when \\ implementing or considering the implementation of blockchain technology. Future research should \\ continue to focus on identifying additional factors. Additionally, the factors should be validated more \\ thoroughly in future studies.