Analysis of the challenges for blockchain technology adoption in the Indian health-care sector

Sarthak Dhingra, Rakesh Raut, Angappa Gunasekaran, B. Koteswara Rao Naik, Venkateshwarlu Masuna

Research output: Contribution to journalArticlepeer-review

6 Scopus citations

Abstract

Purpose: This paper aims to discover and analyze the challenges hampering blockchain technology’s (BT’s) implementation in the Indian health-care sector. A total of 18 challenges have been prioritized and modeled based on an extensive literature search and professional views. Design/methodology/approach: An integrated multi-criteria decision-making approach has been used in two phases. Best worst method (BWM) is used in the first phase to prioritize the challenges with sensitivity analysis to validate the findings and eliminate a few challenges. In the second phase, interpretive structural modeling is applied to the remaining 15 challenges to obtain relative relationships among them with cross-impact matrix multiplication applied to classification analysis for their categorization. Findings: The study’s results reveal that limited knowledge and expertise, cost and risk involved, technical issues, lack of clear regulations, resistance to change and lack of top management support are the top-ranked or high-intensity challenges according to the BWM. Interpretive structural modelling findings suggest that the lack of government initiatives has been driving other challenges with the highest driving power. Research limitations/implications: This work has been conducted in the Indian context, so careful generalization of the results is needed. Practical implications: This work will give health-care stakeholders a better perspective regarding blockchain’s adoption. It will help health-care stakeholders, service providers, researchers and policymakers get a glimpse of the strategies for eradicating mentioned challenges. The analysis will help reduce the challenges’ impact on blockchain’s adoption in the Indian health-care sector. Originality/value: The adoption of BT is a novel concept, especially in developing countries such as India. This is one of the few works addressing the challenges to BT adoption in the Indian health-care sector.

Original languageEnglish (US)
Pages (from-to)375-406
Number of pages32
JournalJournal of Modelling in Management
Volume19
Issue number2
DOIs
StatePublished - Feb 1 2024

All Science Journal Classification (ASJC) codes

  • Strategy and Management
  • Management Science and Operations Research

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