Mbeki, Luyanda2024-07-032024-07-032022Mbeki, Luyanda. (2022). Antecedents of blockchain adoption by South African listed companie [Master’s dissertation, University of the Witwatersrand, Johannesburg]. WireDSpace. https://hdl.handle.net/10539/38824https://hdl.handle.net/10539/38824A research report submitted to the Faculty of Commerce, Law and Management, University of the Witwatersrand, in partial fulfilment of the requirements for the degree of Master of Management in Entrepreneurship and New Venture CreationBlockchain technology is not a new concept, it was first introduced in 1991 by Stuart Haber and Scott Stornetta and made popular more than a decade ago by Satoshi Nakamoto (a name not yet verified if a real person or pseudonym) as a crypto trading platform. However, the technology has not enjoyed much success in the corporate environment. This study seeks to gain a deeper understanding of the failure of South African corporates to embrace this technology by studying the “Antecedents of blockchain adoption by South African listed companies”. Although the technology has been around for decades, one argues that it is not a revolutionary or disruptive technology as it finds very limited adoption in the corporate space. Due to its high degree of scientific and technical novelty, it is considered radical technological innovation. Therefore, the sub-objective of the study was to investigate to what extent organisational context, individual context and innovation context influence a decision to adopt blockchain technology. This was a cross-sectional study that adopted a comprehensive theoretical framework; Technology-Organisation-Environment (TOE), Technology-Acceptance-Model (TAM) and Diffusion-Of-Innovation (DOI) to unpack blockchain adoption and followed a quantitative approach. Organisational context which is part of TOE was measured by top management support and technology readiness, while individual context which is part of TAM was measured by perceived ease of use and perceived usefulness and lastly, innovation context which is part of DOI was measured by relative advantage. Due to the highly technical nature of the technology, the study focused on the general opinions of employees who work in South African listed companies, specifically decision-makers (managers, senior managers, executives) and subject matter experts (IT professionals). The primary data was from a sample size of 71 which was collected using self-administered questionnaire adopted from scholarly papers. Many statistical analyses such as Pearson’s correlation, regression, ANOVA, and t-tests were conducted. The study noted that the null hypotheses predicting that organisational context and individual context will positively influence the adoption of blockchain technology were rejected. Moreover, III because the hypotheses were rejected and therefore the relation was of no significance. The extent of the influence of organisational and individual context and the interpretation of the variables in the equation could not be explained. However, the study failed to reject the null hypothesis which predicted that the innovation context will positively influence the adoption of blockchain technology. This finding can be attributed to the distinct features of the blockchain technology providing relative advantage such as data transparency, efficiency and securityen© 2022 University of the Witwatersrand, Johannesburg. All rights reserved. The copyright in this work vests in the University of the Witwatersrand, Johannesburg. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of University of the Witwatersrand, Johannesburg.TechnologyInnovationBlockchainCryptocurrenciesAdoptionUCTDSDG-8: Decent work and economic growthDissertationUniversity of the Witwatersrand, Johannesburg