Sampling adequacy, exploratory and confirmatory factor analysis results
| Variables | EFA loading | CFA loading |
|---|---|---|
| Relative advantage | ||
| Blockchain technology will enable us to scale our operational data more effectively | 0.867 | 0.818 |
| Blockchain technology will facilitate access to information anytime and anywhere | 0.863 | 0.809 |
| Blockchain technology will make it easier to manage the information technology infrastructure | 0.877 | 0.837 |
| Blockchain technology will facilitate the sharing of data resources | 0.864 | 0.812 |
| Compatibility | ||
| Blockchain technology is compatible with the existing technology architecture | 0.687 | 0.550 |
| Customization in blockchain technology applications is easy | 0.783 | 0.701 |
| Blockchain technology will be compatible with existing formats, transaction interfaces and data | 0.784 | 0.702 |
| Blockchain technology will expand the scope of personalization | 0.734 | 0.617 |
| Complexity | ||
| Blockchain technology applications may not be compatible with the current infrastructure | 0.797 | 0.654 |
| Blockchain technology may create computer failures and data security vulnerabilities | 0.846 | 0.773 |
| Blockchain technology may be difficult to integrate into complex banking operations | 0.843 | 0.762 |
| Technical knowledge | ||
| Technical workforce and units for blockchain technology are available | 0.865 | 0.831 |
| Consultants for blockchain technology can be accessed easily | 0.888 | 0.875 |
| Technical and service providers already using blockchain technology are accessible | 0.867 | 0.803 |
| Similar technologies have been used successfully in the past | 0.769 | 0.654 |
| Information security | ||
| Transactions carried out through blockchain technology will be secure | 0.894 | 0.836 |
| Information sharing through blockchain technology will be secure | 0.902 | 0.862 |
| Blockchain technology will provide a high level of data security | 0.882 | 0.805 |
| Perceived financial benefits | ||
| Blockchain technology will reduce operational costs | 0.805 | 0.725 |
| Blockchain technology will attract new customers that increase profitability | 0.839 | 0.767 |
| Blockchain technology will reduce transaction costs | 0.867 | 0.833 |
| Blockchain technology will help retain existing customers by increasing profitability | 0.812 | 0.741 |
| Organizational capability | ||
| Access to technical knowledge is available for implementing blockchain technology | 0.824 | 0.751 |
| Access to computers is available for implementing blockchain technology | 0.850 | 0.806 |
| Access to an Internet connection is available for implementing blockchain technology | 0.836 | 0.779 |
| Sufficient capital is available for implementing blockchain technology | 0.799 | 0.709 |
| Top management support | ||
| Top management assigns strategic importance to blockchain technology | 0.808 | 0.744 |
| Top management is willing to take risks related to blockchain technology | 0.828 | 0.776 |
| Top management encourages a culture of transparency and accountability gained through information sharing | 0.797 | 0.704 |
| Top management has demonstrated strong leadership and commitment in adopting information and communication technology innovations in the past | 0.780 | 0.679 |
| Training and education | ||
| Training to be provided on Blockchain Technology will significantly improve understanding of blockchain | 0.848 | 0.737 |
| Training on Blockchain Technology will increase confidence/competence | 0.901 | 0.907 |
| Your organization will provide adequate training on Blockchain Technology | 0.839 | 0.717 |
| Competitive pressure | ||
| Blockchain Technology will provide competitive advantages | 0.772 | 0.720 |
| Your competitors in the industry are in the process of implementing blockchain technology | 0.809 | 0.774 |
| Competitors will become more competitive through the implementation of blockchain technology | 0.797 | 0.748 |
| Competitors will have more advanced processes through the implementation of blockchain technology | 0.768 | 0.669 |
| Competitors will reduce transaction times and costs through the implementation of blockchain technology | 0.707 | 0.595 |
| Partner readiness | ||
| Business partners will be willing to implement blockchain technology | 0.874 | 0.825 |
| Business partners will support blockchain technology | 0.882 | 0.840 |
| Business partners will be willing to change their processes and practices for blockchain technology | 0.898 | 0.871 |
| Business partners have always supported us in information and communication technology initiatives in the past | 0.859 | 0.801 |
| Perceived ease of use | ||
| Blockchain technology will be easy to understand | 0.890 | 0.857 |
| Blockchain technology will be easy to adopt | 0.909 | 0.891 |
| Blockchain technology will be easy to use | 0.894 | 0.849 |
| The features of blockchain technology will be easier than those of other technologies | 0.867 | 0.804 |
| Perceived usefulness | ||
| Blockchain technology will help improve job efficiency | 0.830 | 0.749 |
| Blockchain technology will improve the quality of business operations | 0.852 | 0.786 |
| Blockchain technology will enhance organizational competitiveness | 0.874 | 0.845 |
| Overall, blockchain technology will be useful for my job | 0.849 | 0.802 |
| Blockchain adoption | ||
| Blockchain technology will be used regularly in the future | 0.863 | 0.776 |
| Using blockchain technology will be advantageous | 0.885 | 0.839 |
| The organization will be willing to use blockchain technology | 0.866 | 0.783 |
| Variables | EFA loading | CFA loading |
|---|---|---|
| Blockchain technology will enable us to scale our operational data more effectively | 0.867 | 0.818 |
| Blockchain technology will facilitate access to information anytime and anywhere | 0.863 | 0.809 |
| Blockchain technology will make it easier to manage the information technology infrastructure | 0.877 | 0.837 |
| Blockchain technology will facilitate the sharing of data resources | 0.864 | 0.812 |
| Blockchain technology is compatible with the existing technology architecture | 0.687 | 0.550 |
| Customization in blockchain technology applications is easy | 0.783 | 0.701 |
| Blockchain technology will be compatible with existing formats, transaction interfaces and data | 0.784 | 0.702 |
| Blockchain technology will expand the scope of personalization | 0.734 | 0.617 |
| Blockchain technology applications may not be compatible with the current infrastructure | 0.797 | 0.654 |
| Blockchain technology may create computer failures and data security vulnerabilities | 0.846 | 0.773 |
| Blockchain technology may be difficult to integrate into complex banking operations | 0.843 | 0.762 |
| Technical workforce and units for blockchain technology are available | 0.865 | 0.831 |
| Consultants for blockchain technology can be accessed easily | 0.888 | 0.875 |
| Technical and service providers already using blockchain technology are accessible | 0.867 | 0.803 |
| Similar technologies have been used successfully in the past | 0.769 | 0.654 |
| Transactions carried out through blockchain technology will be secure | 0.894 | 0.836 |
| Information sharing through blockchain technology will be secure | 0.902 | 0.862 |
| Blockchain technology will provide a high level of data security | 0.882 | 0.805 |
| Blockchain technology will reduce operational costs | 0.805 | 0.725 |
| Blockchain technology will attract new customers that increase profitability | 0.839 | 0.767 |
| Blockchain technology will reduce transaction costs | 0.867 | 0.833 |
| Blockchain technology will help retain existing customers by increasing profitability | 0.812 | 0.741 |
| Access to technical knowledge is available for implementing blockchain technology | 0.824 | 0.751 |
| Access to computers is available for implementing blockchain technology | 0.850 | 0.806 |
| Access to an Internet connection is available for implementing blockchain technology | 0.836 | 0.779 |
| Sufficient capital is available for implementing blockchain technology | 0.799 | 0.709 |
| Top management assigns strategic importance to blockchain technology | 0.808 | 0.744 |
| Top management is willing to take risks related to blockchain technology | 0.828 | 0.776 |
| Top management encourages a culture of transparency and accountability gained through information sharing | 0.797 | 0.704 |
| Top management has demonstrated strong leadership and commitment in adopting information and communication technology innovations in the past | 0.780 | 0.679 |
| Training to be provided on Blockchain Technology will significantly improve understanding of blockchain | 0.848 | 0.737 |
| Training on Blockchain Technology will increase confidence/competence | 0.901 | 0.907 |
| Your organization will provide adequate training on Blockchain Technology | 0.839 | 0.717 |
| Blockchain Technology will provide competitive advantages | 0.772 | 0.720 |
| Your competitors in the industry are in the process of implementing blockchain technology | 0.809 | 0.774 |
| Competitors will become more competitive through the implementation of blockchain technology | 0.797 | 0.748 |
| Competitors will have more advanced processes through the implementation of blockchain technology | 0.768 | 0.669 |
| Competitors will reduce transaction times and costs through the implementation of blockchain technology | 0.707 | 0.595 |
| Business partners will be willing to implement blockchain technology | 0.874 | 0.825 |
| Business partners will support blockchain technology | 0.882 | 0.840 |
| Business partners will be willing to change their processes and practices for blockchain technology | 0.898 | 0.871 |
| Business partners have always supported us in information and communication technology initiatives in the past | 0.859 | 0.801 |
| Blockchain technology will be easy to understand | 0.890 | 0.857 |
| Blockchain technology will be easy to adopt | 0.909 | 0.891 |
| Blockchain technology will be easy to use | 0.894 | 0.849 |
| The features of blockchain technology will be easier than those of other technologies | 0.867 | 0.804 |
| Blockchain technology will help improve job efficiency | 0.830 | 0.749 |
| Blockchain technology will improve the quality of business operations | 0.852 | 0.786 |
| Blockchain technology will enhance organizational competitiveness | 0.874 | 0.845 |
| Overall, blockchain technology will be useful for my job | 0.849 | 0.802 |
| Blockchain technology will be used regularly in the future | 0.863 | 0.776 |
| Using blockchain technology will be advantageous | 0.885 | 0.839 |
| The organization will be willing to use blockchain technology | 0.866 | 0.783 |
Note(s): Kaiser–Meyer–Olkin (KMO): 0.891; Bartlett's test of sphericity (χ2): 14716.087
Degrees of freedom: 1,378; p-value: <0.001
χ2: 2326.97; df: 1,234; p-value: <0.001; χ2/df: 1.886; CFI: 0.922; TLI: 0.912; GFI: 0.901; RMSEA: 0.043; SRMR: 0.053
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