Blockchain technology adoption for carbon trading and energy efficiency: ISO manufacturing firms in Malaysia

Fernando, Yudi and Tseng, Ming-Lang and Wahyuni-TD, Ika Sari and Sroufe, Robert and Mohd-Zailani, Nik Ida Amiera (2022) Blockchain technology adoption for carbon trading and energy efficiency: ISO manufacturing firms in Malaysia. International Journal of Logistics Research and Applications. pp. 1-22. ISSN 1367-5567. (In Press / Online First) (In Press / Online First)

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Abstract

This study aims to investigate organisational factors of blockchain adoption for carbon trading and energy efficiency. This study develops a new theoretical model based on technology, organisation and environment (TOE), and Diffusion of Innovation (DOI) theories to fill the literature gaps. The underpinning theories are utilised to capture the motivation of manufacturing industry firms to adopt blockchain technology while supporting carbon trading activities. Using survey data, we examine the perception of early adopters of blockchain technology and their relationships to energy efficiency. The results show that attributes such as the contract system, firm size, and compatibility significantly affect energy efficiency. Paradoxically, top management support, competitive pressure, regulatory support, relative advantage, and complexity were not, as prior literature suggests, crucial drivers. Adopting blockchain technology can help a firm improve business transparency, manage energy consumption, and provide a strong business case for firms in this study.

Item Type: Article
Additional Information: Indexed by Scopus
Uncontrolled Keywords: Blockchain technology adoption; Carbon trading; Diffusion of innovation; Energy efficiency; Organisation and environment theory; Technology
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HF Commerce
T Technology > T Technology (General)
Faculty/Division: Faculty of Industrial Management
Institute of Postgraduate Studies
Depositing User: PM. Dr. Yudi Fernando
Date Deposited: 20 Oct 2022 02:30
Last Modified: 20 Oct 2022 02:30
URI: http://umpir.ump.edu.my/id/eprint/34463
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