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Explaining the Blockchain Acceptance Indices in Iran Financial Markets: A Fuzzy Delphi Study

Author

Listed:
  • Heidari , Hamed

    (Islamic Azad University, Science And Research Branch)

  • Mousakhani , Morteza

    (Islamic Azad University, Science And Research Branch)

  • Alborzi , Mahmood

    (Islamic Azad University, Science And Research Branch)

  • Divandari , Ali

    (University of Tehran)

  • Radfar , Reza

    (Islamic Azad University, Science And Research Branch)

Abstract

This study was designed to explain the Blockchain acceptance indices in Iran's financial markets aimed at identifying different angles for the implementation of Blockchains. The Blockchain acceptance indices were extracted in 4 levels, 12 variables, and 53 indices of related research literature in the field of e-commerce and mobile banking. To validate the research indicators, the Fuzzy Delphi technique was used to refine the indices in addition to the documentary study. The survey was conducted in three stages and the results of each stage were refined. Based on data analysis, 39 indicators were confirmed. The results of this study can provide useful insights for researchers and policymakers of Iran’s financial markets to understand the prerequisites and effects of the Blockchain implementation on financial markets, and thereby, they would be able to change business models to take advantage of Blockchain capabilities in the infrastructure of Iran’s financial markets by considering different aspects.

Suggested Citation

  • Heidari , Hamed & Mousakhani , Morteza & Alborzi , Mahmood & Divandari , Ali & Radfar , Reza, 2019. "Explaining the Blockchain Acceptance Indices in Iran Financial Markets: A Fuzzy Delphi Study," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 14(3), pages 335-365, July.
    • Handle: RePEc:mbr:jmonec:v:14:y:2019:i:3:p:335-365
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    References listed on IDEAS

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    Cited by:

    1. Hamed Taherdoost, 2022. "A Critical Review of Blockchain Acceptance Models—Blockchain Technology Adoption Frameworks and Applications," Post-Print hal-03741851, HAL.
    2. Rabindra Kumar Jena, 2022. "Examining the Factors Affecting the Adoption of Blockchain Technology in the Banking Sector: An Extended UTAUT Model," IJFS, MDPI, vol. 10(4), pages 1-20, September.

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    More about this item

    Keywords

    Blockchain adoption; Financial Markets; Fuzzy Delphi;
    All these keywords.

    JEL classification:

    • G02 - Financial Economics - - General - - - Behavioral Finance: Underlying Principles

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