Blockchain is a transformational technology with capabilities that can enhance business processes across many industries. To date, adoption of this technology has found resistance due to challenges that have surfaced within technological, organizational, and environmental areas. This study investigates factors that affect a manager’s intention to implement the use of blockchain technology as it would functionally be applied within their organization. Through the use of survey, data is collected from 131 managers. The analysis reveals that technical competence, compatibility, and innovative behavior within the Technology, Organization, and Environment (TOE) framework significantly influence the mediator perceived ease of use and the dependent variable behavioral intention to support blockchain adoption. Additionally, network effects within TOE significantly impacts both mediators perceived ease of use and perceived usefulness and the dependent variable. Facilitating conditions within the Theory of Planned Behavior (TPB) significantly influences the mediator perceived ease of use. Given blockchain technology is in the introductory phase, it is important to analyze the intentions of managers because they can have a tremendous influence on organizational decisions, specifically those which potentially create great change, such as the adoption of blockchain. Practical implications are discussed to aid managers with future planning of potential adoption efforts.
Adoption Intention, Blockchain, Management, TOE, TPB
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