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A maturity model for blockchain adoption

Author

Listed:
  • Huaiqing Wang

    (Rongxin Internet Finance Group)

  • Kun Chen

    (South University of Science and Technology of China)

  • Dongming Xu

    (University of Queensland)

Abstract

Background The rapid development of the blockchain technology and its various applications has rendered it important to understand the guidelines for adopting it. Methods The comparative analysis method is used to analyze different dimensions of the maturity model, which is mainly based on the commonly used capability maturity model. Results The blockchain maturity model and its adoption process have been discussed and presented. Conclusions This study serves as a guide to institutions to make blockchain adoption decisions more systematically.

Suggested Citation

  • Huaiqing Wang & Kun Chen & Dongming Xu, 2016. "A maturity model for blockchain adoption," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 2(1), pages 1-5, December.
    • Handle: RePEc:spr:fininn:v:2:y:2016:i:1:d:10.1186_s40854-016-0031-z
    DOI: 10.1186/s40854-016-0031-z
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    Cited by:

    1. Chen, R. & Chen, K. & Ou, Carol, 2023. "Facilitating interorganizational trust in strategic alliances by leveraging blockchain-based systems: Case studies of two eastern banks," Other publications TiSEM 85ecf99c-76f0-416e-9604-d, Tilburg University, School of Economics and Management.
    2. Hamed Taherdoost, 2022. "A Critical Review of Blockchain Acceptance Models—Blockchain Technology Adoption Frameworks and Applications," Post-Print hal-03741851, HAL.
    3. Romi Kher & Siri Terjesen & Chen Liu, 2021. "Blockchain, Bitcoin, and ICOs: a review and research agenda," Small Business Economics, Springer, vol. 56(4), pages 1699-1720, April.
    4. Nusi Drljevic & Daniel Arias Aranda & Vladimir Stantchev, 2022. "An Integrated Adoption Model to Manage Blockchain-Driven Business Innovation in a Sustainable Way," Sustainability, MDPI, vol. 14(5), pages 1-21, March.
    5. Christian Sillaber & Bernhard Waltl & Horst Treiblmaier & Ulrich Gallersdörfer & Michael Felderer, 2021. "Laying the foundation for smart contract development: an integrated engineering process model," Information Systems and e-Business Management, Springer, vol. 19(3), pages 863-882, September.
    6. Bell Raj Eapen & Vishwanath V. Baba & Maarif Sohail, 2023. "Evidence-Based Management: A Design Theory, Template, and Technology for a Knowledge Delivery Platform," Metamorphosis: A Journal of Management Research, , vol. 22(1), pages 73-84, June.
    7. Kawther Saeedi & Monirah Dakilallah Almalki & Dania Aljeaid & Anna Visvizi & Muhammad Ahtisham Aslam, 2020. "Design Pattern Elicitation Framework for Proof of Integrity in Blockchain Applications," Sustainability, MDPI, vol. 12(20), pages 1-16, October.
    8. Kwang O. Park, 2020. "A Study on Sustainable Usage Intention of Blockchain in the Big Data Era: Logistics and Supply Chain Management Companies," Sustainability, MDPI, vol. 12(24), pages 1-15, December.
    9. Nadine Kathrin Ostern, 2020. "Blockchain in the IS research discipline: a discussion of terminology and concepts," Electronic Markets, Springer;IIM University of St. Gallen, vol. 30(2), pages 195-210, June.
    10. J. Leon Zhao & Shaokun Fan & Jiaqi Yan, 2016. "Overview of business innovations and research opportunities in blockchain and introduction to the special issue," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 2(1), pages 1-7, December.
    11. Yunmei Liu & Shuai Zhang & Min Chen & Yenchun Wu & Zhengxian Chen, 2021. "The Sustainable Development of Financial Topic Detection and Trend Prediction by Data Mining," Sustainability, MDPI, vol. 13(14), pages 1-19, July.
    12. Iikka Paajala & Jesse Nyyssölä & Juho Mattila & Pasi Karppinen, 2022. "Users’ Perceptions of Key Blockchain Features in Games," Future Internet, MDPI, vol. 14(11), pages 1-16, November.
    13. Vincent F. Yu & Achmad Bahauddin & Putro F. Ferdinant & Agustina Fatmawati & Shih-Wei Lin, 2023. "The ISM Method to Analyze the Relationship between Blockchain Adoption Criteria in University: An Indonesian Case," Mathematics, MDPI, vol. 11(1), pages 1-17, January.
    14. Alessandra Chiarini & Lorenzo Compagnucci, 2022. "Blockchain, Data Protection and P2P Energy Trading: A Review on Legal and Economic Challenges," Sustainability, MDPI, vol. 14(23), pages 1-20, December.
    15. Venkataiah Chittipaka & Satish Kumar & Uthayasankar Sivarajah & Jana Lay-Hwa Bowden & Manish Mohan Baral, 2023. "Blockchain Technology for Supply Chains operating in emerging markets: an empirical examination of technology-organization-environment (TOE) framework," Annals of Operations Research, Springer, vol. 327(1), pages 465-492, August.
    16. Dulani Jayasuriya Daluwathumullagamage & Alexandra Sims, 2021. "Fantastic Beasts: Blockchain Based Banking," JRFM, MDPI, vol. 14(4), pages 1-43, April.
    17. Caiado, Rodrigo Goyannes Gusmão & Scavarda, Luiz Felipe & Gavião, Luiz Octávio & Ivson, Paulo & Nascimento, Daniel Luiz de Mattos & Garza-Reyes, Jose Arturo, 2021. "A fuzzy rule-based industry 4.0 maturity model for operations and supply chain management," International Journal of Production Economics, Elsevier, vol. 231(C).
    18. Zheng, Yawen & Gao, Lin & Li, Sheng & Wang, Dan, 2022. "A comprehensive evaluation model for full-chain CCUS performance based on the analytic hierarchy process method," Energy, Elsevier, vol. 239(PD).
    19. 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.
    20. Hughes, Alex & Park, Andrew & Kietzmann, Jan & Archer-Brown, Chris, 2019. "Beyond Bitcoin: What blockchain and distributed ledger technologies mean for firms," Business Horizons, Elsevier, vol. 62(3), pages 273-281.
    21. Alireza Farnoush & Ashish Gupta & Hamidreza Ahady Dolarsara & David Paradice & Shashank Rao, 2022. "Going beyond intent to adopt Blockchain: an analytics approach to understand board member and financial health characteristics," Annals of Operations Research, Springer, vol. 308(1), pages 93-123, January.
    22. Severin Bonnet & Frank Teuteberg, 2023. "Impact of blockchain and distributed ledger technology for the management, protection, enforcement and monetization of intellectual property: a systematic literature review," Information Systems and e-Business Management, Springer, vol. 21(2), pages 229-275, June.
    23. Chagas, B.T. & Jesus, D. & Palma-dos-Reis, A., 2024. "Blockchain's value proposition for online gambling: The operators' perspective," Technological Forecasting and Social Change, Elsevier, vol. 200(C).
    24. Kouhizadeh, Mahtab & Saberi, Sara & Sarkis, Joseph, 2021. "Blockchain technology and the sustainable supply chain: Theoretically exploring adoption barriers," International Journal of Production Economics, Elsevier, vol. 231(C).
    25. Dulani Jayasuriya Daluwathumullagamage & Alexandra Sims, 2020. "Blockchain-Enabled Corporate Governance and Regulation," IJFS, MDPI, vol. 8(2), pages 1-41, June.

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