Understanding the challenges of blockchain technology adoption: Evidence from China's developing carbon markets

Xing Chen, Ashley D. Lloyd

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract / Description of output

Blockchain technology promises disruptive change to industry and society. Although academic researchers and practitioners have engaged with blockchain for years, actual adoption rates of this technology significantly lag predictions. This paper explores present barriers to blockchain adoption in an industry for which blockchain might be assumed to offer an obvious solution to a globally distributed challenge: the integration of carbon markets. Using technological framing theory as a focusing lens, we investigate the challenges of blockchain adoption in China's developing carbon markets from three expert groups: carbon market experts with blockchain knowledge only, carbon market experts with blockchain projects, and IT experts in carbon markets. Our findings suggest that different expert groups present distinctive and incongruent framing challenges where technical challenges are not the most significant. In exploring this we make contributions to the introduction of a socio-technical perspective in blockchain adoption research and provide practical suggestions to policymakers and practitioners.

Original languageEnglish
Title of host publicationProceedings of the 54th Annual Hawaii International Conference on System Sciences, HICSS 2021
EditorsTung X. Bui
PublisherIEEE Computer Society
Pages5646-5655
Number of pages10
ISBN (Electronic)9780998133140
DOIs
Publication statusPublished - 5 Jan 2021
Event54th Annual Hawaii International Conference on System Sciences, HICSS 2021 - Virtual, Online
Duration: 4 Jan 20218 Jan 2021

Publication series

NameProceedings of the Annual Hawaii International Conference on System Sciences
Volume2020-January
ISSN (Print)1530-1605

Conference

Conference54th Annual Hawaii International Conference on System Sciences, HICSS 2021
CityVirtual, Online
Period4/01/218/01/21

Keywords / Materials (for Non-textual outputs)

  • blockchain cases and innovations
  • blockchains
  • carbon markets
  • challenges of technology adoption
  • expert interview
  • technological framing

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