TY - GEN
T1 - Navigating the Blockchain Frontier
T2 - 10th International Conference on Information and Communication Technology for Intelligent Systems, ICTIS 2025
AU - Julkar Naeen Abir, S. M.
AU - Masum, Abdul Kadar Muhammad
AU - Gunasekaran, Angappa
AU - Chowdhury, Mohammad Ashraful Ferdous
AU - Azad, Md Abul Kalam
N1 - Publisher Copyright:
© The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2026.
PY - 2026
Y1 - 2026
N2 - Blockchain technology is redefining the landscape of commercial transactions, ushering in a new era of paperless currency. Yet, when it comes to formulating corporate strategy, adoption is still in its infancy stage. This article aims to assess the essential elements that influence the choice to embrace Blockchain in the business world. Fifteen important criteria were selected through detailed analysis of existing studies and expert comments. The identified factors were divided into 3 categories; technological, social, and business. The cause-effect relationship was examined using the DEMATEL approach. The findings revealed five critical causal factors that influence Blockchain adoption: interoperability issues, lack of acceptability, trust issues, lack of security, and legal infrastructure concerns. The findings provide unique insights into the business sector, allowing companies to increase performance by overcoming significant difficulties. This research also includes a plan for adopting Blockchain in transactions.
AB - Blockchain technology is redefining the landscape of commercial transactions, ushering in a new era of paperless currency. Yet, when it comes to formulating corporate strategy, adoption is still in its infancy stage. This article aims to assess the essential elements that influence the choice to embrace Blockchain in the business world. Fifteen important criteria were selected through detailed analysis of existing studies and expert comments. The identified factors were divided into 3 categories; technological, social, and business. The cause-effect relationship was examined using the DEMATEL approach. The findings revealed five critical causal factors that influence Blockchain adoption: interoperability issues, lack of acceptability, trust issues, lack of security, and legal infrastructure concerns. The findings provide unique insights into the business sector, allowing companies to increase performance by overcoming significant difficulties. This research also includes a plan for adopting Blockchain in transactions.
UR - https://www.scopus.com/pages/publications/105028356227
UR - https://www.scopus.com/pages/publications/105028356227#tab=citedBy
U2 - 10.1007/978-981-95-1353-6_1
DO - 10.1007/978-981-95-1353-6_1
M3 - Conference contribution
AN - SCOPUS:105028356227
SN - 9789819513529
T3 - Smart Innovation, Systems and Technologies
SP - 1
EP - 14
BT - ICT for Intelligent Systems - Proceedings of ICTIS 2025
A2 - Choudrie, Jyoti
A2 - Tuba, Eva
A2 - Perumal, Thinagaran
A2 - Joshi, Amit
PB - Springer Science and Business Media Deutschland GmbH
Y2 - 23 May 2025 through 24 May 2025
ER -