Asia Pacific Journal of Information Systems (APJIS)

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Past Issue

Date	June 2022
Vol. No.	Vol. 32 No. 2
DOI	10.14329/apjis.2022.32.2.191
Page	191~225
Title	Why is the Interest in Blockchain Still on the Decline? Blockchain Challenges, Review, and Research Agenda
Author	Kumar Saurabh, Neelam Rani, Ridhi Arora, Debasisha Mishra, Ramkumar M.
Keyword	Blockchain, Smart Contracts, Digital Transformation (DT), Decentralisation, MAXQDA, TCCM
Abstract	Based on its technological elements (distribution, encryption, immutability, tokenisation, decentralisation, and smart contracts), blockchain has drawn considerable attention in various industries and verticals. Still, the strategic adoption of blockchain is in its early stages because of the current barriers and challenges in the areas of ‘customer experience’, ‘business models’, and ‘operational processes.’ This work delivers a comprehensive synopsis of the fundamental challenges faced by blockchain adopters in their digital journey, based on a literature survey. The authors leveraged MAXQDA software and the theory, context, characteristics, and methodology (TCCM) framework to develop themes, findings, and evidence for adoption barriers. The research evaluates the literature on blockchain adoption challenges and offers research insights and managerial agendas for future inferences.