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Journal of International Technology and Information Management

Document Type

Article

Abstract

Blockchain technology (BT) has the potential to enhance security and robustness of transactions through a distributed ledger bookkeeping process. This study employs technology-organization-environment (TOE) framework and threat-rigidity theory (TRT) to examine whether perceived disruption caused by COVID-19 pandemic significantly impacted the adoption of BT, and inclination to adopt BT in the US. The COVID-19 pandemic provided a unique backdrop, as it affected businesses across all industries, sizes, and geographies. Results show a non-significant effect of perceived pandemic disruption on the current stage of BT adoption and intention to adopt BT. However, disruption readiness positively influences the current stage of BT adoption and intention to adopt BT. While the complexity of BT does not significantly influence the level of adoption, it negatively impacts the intention to adopt BT. The study provides insights into key factors that managers need to focus on to accelerate the adoption of BT.

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