The adoption of blockchain technology in norwegian corporations

2018

Blockchain was launched as a social experiment by Satoshi Nakamoto in 2009, when the person

or persons behind the pseudonym launched an online currency named Bitcoin. What started out

as a decentralized alternative to traditional finance, has eventually turned into what some people

believe to be a technological revolution. This may in time alter governments and businesses in

the same way the Internet did when it was popularized.

However, there has been done little research on corporations and governments adoption of this

new technology. The presented study aims to expand this research, and develop a theoretical

model that could explain some of the adoption intentions among corporations and their

employees. While being narrow in scope, the research may prove to be a suitable framework for

broader future studies on the technology. The established theoretical framework of the

Technology Adoption Model, with extensions from the Theory of Reasoned Action and Theory

of Planned Behavior is the foundation for the research.

The data for this research was obtained through a survey (N=102), before the output was

analyzed. The results show that subjective norm and perceived usefulness are important factors

of the intention to use Blockchain technology among Norwegian corporations. All in all, this

model explains 45.7 % of the variance in intention to adopt the technology.