FACTORS DIRECTLY AFFECTING THE ADOPTION OF BLOCKCHAIN TECHNOLOGY IN DIFFERENT ORGANIZATIONS: META-ANALYSIS

Abstract

The meta-analysis process has been done on a sample of 27 studies and this analysis derived many solutions about firm size, perceived utility and relative advantage. The hype surrounding blockchain has drawn a lot of interest in the technology's potential to reshape industries and reengineer business processes. The study analysis of this article has been obtained through the systematic literature review process. Several factors have been identified as enablers or barriers to the integration of blockchain technology within companies. To validate and assess the effect of these factors on adoption, I conducted a meta-analysis of a wide range of research findings that employs the technology acceptance model as a theoretical background, investigating how performance expectancy, effort expectancy, social factors and facilitating conditions influence the willingness to embrace blockchain technology. Additionally, the effect of trust, firm size and cost in the intention to adopt this technology involved in this study. The results of this research demonstrate that among the articles analyzed, the primary determinants of the inclination to embrace blockchain technology are the size of the organization, the perceived benefits, and the comparative advantages. Among the factors examined previously, namely cost, government support, and complexity, none exhibited a substantial effect size capable of influencing the inclination to adopt blockchain technology. The meta-analysis adds to the body of knowledge by providing a comprehension understanding of the elements that shape the adoption of blockchain technology, empowering businesses to make educated decisions about its implementation and formulate successful adoption and integration plans of the blockchain technology.