Abstract
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.