Seizing technological advancement; determinants of blockchain supply chain finance adoption in Ghanaian SMEs.

Autor: Asante Boakye, Elijah, Zhao, Hongjiang, Coffie, Cephas Paa Kwasi, Asare-Kyire, Lydia
Předmět:
Zdroj: Technology Analysis & Strategic Management; Oct2024, Vol. 36 Issue 10, p2774-2790, 17p
Abstrakt: Blockchain has attracted attention within business circles because it promotes secure and cost-saving transactions between anonymous parties without human mediation. This study examines the Technological Organizational and Environmental (TOE) drivers of blockchain supply chain finance adoption in Ghanaian SMEs. Specifically, this study differs from prior studies employing the United Theory of Acceptance and Use of Technology (UTAUT) and the Technology Acceptance Model (TAM) which ignores the TOE elements. Utilising the Partial Least Squares Structural Equation Modelling method (PLS-SEM) and nonlinear non-compensatory PLS-ANN approach, we provide empirical evidence using data from 214 registered SME members of the Association of Ghana Industries (AGI). Our findings suggest that relative advantage, cost, and complexity significantly influence the adoption of blockchain supply chain finance in SMEs. However, competitive pressure, market dynamics, and SME owner/manager support had no statistically significant influence on the intention of SMEs to adopt blockchain supply chain finance. This is because of the relatively low adoption rate of blockchain applications in SMEs in the country. Therefore, extensive education on the applications of blockchain technology is required to stimulate diffusion amongst SMEs. [ABSTRACT FROM AUTHOR]
Databáze: Complementary Index