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Source: Journal Citation ReportsTM from ClarivateTM 2022

Entrepreneurship and Sustainability Issues Open access
Journal Impact FactorTM (2022) 1.7
Journal Citation IndicatorTM (2022) 0.42
Received: 2022-08-18  |  Accepted: 2022-11-10  |  Published: 2022-12-30

Title

Leading factors for blockchain technology implementation in the business organisations in the Bulgarian context


Abstract

Blockchain technology is recognised as a digital tool that contributes to increasing the competitiveness of a business organisation, and it is most often applied in the financial sector and supply chains. The technology is widely used in developed countries, but it is also gradually entering developing economies. Attention to technology is provoked under the influence of factors determining innovation development and penetration into the entrepreneurial ecosystem. Some of them are psychological, the others are economical, but in general, they influence the management decision-making to use the technology in the enterprises. The primary purpose of the research is to reveal and group the factors provoking the implementation of blockchain technology in Bulgarian companies. In order to collect the necessary data, an empirical study of the Bulgarian entrepreneurial ecosystem was conducted using a survey method. A factor analysis of the two groups of reasons motivating and limiting the application of blockchain technology was performed with a view to uncovering the hidden factors influencing its implementation in organisations. A regression analysis was then performed to answer the question of which factors most affect the interest in implementing BCT in the business organisation to increase their competitiveness in the supply chain. The research data can be used as a working framework for implementing decentralised software applications in companies that are not informed about the pros and cons of blockchain technology but are looking for a position in the global digitised world.


Keywords

blockchain technology, Supply Chains, relevant factors for blockchain technology implementation


JEL classifications

D20 , D22 , O31 , O32 , O33 , O39 , M15 , M29


URI

http://jssidoi.org/jesi/article/1024


DOI


Pages

255-273


Funding

This research was funded by Prof. Dr. Asen Zlatarov University – Burgas, Bulgaria, Project NIH 450/2022

This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Dimitrov, Ivan
University "Prof. Dr. Assen Zlatarov", Burgas, Bulgaria https://www.btu.bg
Articles by this author in: CrossRef |  Google Scholar

Gigov, Rusen
University "Prof. Dr. Assen Zlatarov", Burgas, Bulgaria https://www.btu.bg
Articles by this author in: CrossRef |  Google Scholar

Dimitrova, Adile
University "Prof. Dr. Assen Zlatarov", Burgas, Bulgaria https://www.btu.bg
Articles by this author in: CrossRef |  Google Scholar

Journal title

Entrepreneurship and Sustainability Issues

Volume

10


Number

2


Issue date

December 2022


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 1175  |  PDF downloads: 468

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