Blockchain technology adoption in SMEs: the extended model of UTAUT

Abstract

The purpose of this study is to measure the behavioral intention to adopt blockchain technology (BT) among SME managers based on the theory of "Unified theory of acceptance and use of technology" (UTAUT).The study was conducted among SME managers in Iraq who adopted blockchain technology. The study deployed the quantitative method and the purposive sample technique was used. The data collected by questionnaires and the valid questionnaires was 192 analyzed by Smart-PLS after ensuring the validity and reliability of the proposed model.The results indicated that performance expectancy, facilitating conditions, technology readiness, and blockchain transparency positively and significantly impact SME managers' intention to adopt blockchain technology. On the other hand, social influence has an insignificant impact on BI’s decision to adopt the blockchain among SME managers.