TY - GEN
T1 - Blockchain Adoption in the Financial Sector of the MET Region
T2 - 21st European, Mediterranean, and Middle Eastern Conference on Information Systems, EMCIS 2024
AU - Chami, Moustapha
AU - Louca, Soulla
AU - Chedrawi, Charbel
N1 - Publisher Copyright:
© The Author(s), under exclusive license to Springer Nature Switzerland AG 2025.
PY - 2025
Y1 - 2025
N2 - Blockchain technology (BC) is rapidly evolving, leading to the transformation and disruption of various sectors. There is a noticeable lack of research about the Middle East and Turkey (MET) region’s blockchain adoption, despite the growing interest in BC worldwide. This paper aims to study the enablers and barriers of BC adoption in the financial sector of the MET region through the lens of the Technology Organization Environment (TOE) theory, where technology adoption is influenced by technological characteristics, organizational context, and external environment. The article adheres to a qualitative methodology by conducting interviews with key people in the financial sector within the MET region to present our findings and discussion. The findings show the BC adoption’s enablers and barriers based on the TOE theory three pillars. Moreover, three calls for future studies were recorded to investigate into BC role in sustainable finance and a necessity for legitimacy and more independency.
AB - Blockchain technology (BC) is rapidly evolving, leading to the transformation and disruption of various sectors. There is a noticeable lack of research about the Middle East and Turkey (MET) region’s blockchain adoption, despite the growing interest in BC worldwide. This paper aims to study the enablers and barriers of BC adoption in the financial sector of the MET region through the lens of the Technology Organization Environment (TOE) theory, where technology adoption is influenced by technological characteristics, organizational context, and external environment. The article adheres to a qualitative methodology by conducting interviews with key people in the financial sector within the MET region to present our findings and discussion. The findings show the BC adoption’s enablers and barriers based on the TOE theory three pillars. Moreover, three calls for future studies were recorded to investigate into BC role in sustainable finance and a necessity for legitimacy and more independency.
KW - Blockchain Adoption Barriers
KW - Blockchain Adoption Enablers
KW - Blockchain Technology
KW - Financial Sector
KW - Middle East and Turkey
KW - Technology Organization Environment Theory
UR - http://www.scopus.com/inward/record.url?scp=105000279882&partnerID=8YFLogxK
U2 - 10.1007/978-3-031-81322-1_11
DO - 10.1007/978-3-031-81322-1_11
M3 - Conference contribution
AN - SCOPUS:105000279882
SN - 9783031813214
T3 - Lecture Notes in Business Information Processing
SP - 145
EP - 157
BT - Information Systems - 21st European, Mediterranean, and Middle Eastern Conference, EMCIS 2024, Proceedings
A2 - Themistocleous, Marinos
A2 - Bakas, Nikolaos
A2 - Kokosalakis, George
A2 - Papadaki, Maria
PB - Springer Science and Business Media Deutschland GmbH
Y2 - 2 September 2024 through 3 September 2024
ER -