Measuring the perceived benefits of implementing blockchain technology in the banking sector
Poonam Garg
(1)
,
Bhumika Gupta
(2, 3)
,
Ajay Kumar Chauhan
(1)
,
Uthayasankar Sivarajah
(4)
,
Shivam Gupta
(5)
,
Sachin Modgil
(6)
1
IMT Ghaziabad -
Institute of Management Technology
2 IMT-BS - MMS - Département Management, Marketing et Stratégie
3 LITEM - Laboratoire en Innovation, Technologies, Economie et Management (EA 7363)
4 School of Management [Bradford]
5 NEOMA - Neoma Business School
6 IMI Kolkata - International Management Institute
2 IMT-BS - MMS - Département Management, Marketing et Stratégie
3 LITEM - Laboratoire en Innovation, Technologies, Economie et Management (EA 7363)
4 School of Management [Bradford]
5 NEOMA - Neoma Business School
6 IMI Kolkata - International Management Institute
Bhumika Gupta
- Fonction : Auteur
- PersonId : 182217
- IdHAL : bhumika-gupta
- ORCID : 0000-0001-6572-5705
- IdRef : 148438571
Uthayasankar Sivarajah
- Fonction : Auteur
- PersonId : 786022
- ORCID : 0000-0002-6401-540X
Résumé
This study aims to measure the perceived business benefits of blockchain technology implementation in the banking sector and establish factors to measure these benefits. Concerns regarding security, values, and standards are essential to banking operations. Data was collected from 291 respondents who are either blockchain consultants, blockchain marketing experts, or CEOs/business heads of banks that are in the process of advising, consulting, or implementing blockchain technology. Confirmatory factor analysis (CFA) was carried out to assess the reliability and validity of the proposed instrument. The results support the proposed instrument and its five constructs. The scale emerging from this study indicates a good degree of reliability, validity and unidimensionality in each of its constructs. Technologies like blockchain are in their initial stages, and recent advances in blockchain technology may impact our findings. The developed instrument could help give decision makers a foundational view to measure the benefits of implementing blockchain technology before they choose to integrate it in their existing system. The scientific and societal significance of the study based on its practical and theoretical applications is presented at the end.
Domaines
Economies et financesFormat du dépôt | Notice |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
Measuring the perceived benefits of implementing blockchain technology in the banking sector
|
Résumé |
en
This study aims to measure the perceived business benefits of blockchain technology implementation in the banking sector and establish factors to measure these benefits. Concerns regarding security, values, and standards are essential to banking operations. Data was collected from 291 respondents who are either blockchain consultants, blockchain marketing experts, or CEOs/business heads of banks that are in the process of advising, consulting, or implementing blockchain technology. Confirmatory factor analysis (CFA) was carried out to assess the reliability and validity of the proposed instrument. The results support the proposed instrument and its five constructs. The scale emerging from this study indicates a good degree of reliability, validity and unidimensionality in each of its constructs. Technologies like blockchain are in their initial stages, and recent advances in blockchain technology may impact our findings. The developed instrument could help give decision makers a foundational view to measure the benefits of implementing blockchain technology before they choose to integrate it in their existing system. The scientific and societal significance of the study based on its practical and theoretical applications is presented at the end.
|
Auteur(s) |
Poonam Garg
1
, Bhumika Gupta
2, 3
, Ajay Kumar Chauhan
1
, Uthayasankar Sivarajah
4
, Shivam Gupta
5
, Sachin Modgil
6
1
IMT Ghaziabad -
Institute of Management Technology
( 1007809 )
- Raj Nagar, Post Box No. 137
Ghaziabad, Delhi NCR 201001, India
- Inde
2
IMT-BS - MMS -
Département Management, Marketing et Stratégie
( 95598 )
- 9, rue Charles Fourier - 91011 Evry Cedex
- France
3
LITEM -
Laboratoire en Innovation, Technologies, Economie et Management (EA 7363)
( 1042294 )
- 9 rue Charles Fourier, 91011 Evry Cedex
- France
4
School of Management [Bradford]
( 470983 )
- Emm Lane, Bradford, West Yorkshire BD9 4JL, UK
- Royaume-Uni
5
NEOMA -
Neoma Business School
( 232915 )
- NEOMA Business School - Siège Social
1 Rue du Maréchal Juin
BP 215
76825 Mont Saint Aignan Cedex
- France
6
IMI Kolkata -
International Management Institute
( 1063444 )
- 2/4 C, Judges Ct Rd, Alipore, Kolkata 700027, West Bengal,
- Inde
|
Langue du document |
Anglais
|
Vulgarisation |
Non
|
Comité de lecture |
Oui
|
Audience |
Internationale
|
Date de publication |
2021-02
|
Date de publication électronique |
2020-10-24
|
Volume |
163
|
Page/Identifiant |
120407
|
Nom de la revue |
|
Commentaire |
FNEGE 2, HCERES A, ABS 3
|
Domaine(s) |
|
Collaboration/Projet |
|
Mots-clés |
en
Blockchain, Banking sector, Perceived benefits, Instrument development, AMOS
|
DOI | 10.1016/j.techfore.2020.120407 |
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