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

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 unde...

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Bibliographic Details
Published inInternational journal of logistics Vol. 26; no. 11; pp. 1556 - 1577
Main Authors Fernando, Yudi, Tseng, Ming-Lang, Wahyuni-TD, Ika Sari, Sroufe, Robert, Mohd-Zailani, Nik Ida Amiera
Format Journal Article
LanguageEnglish
Published Abingdon Taylor & Francis 02.11.2023
Taylor & Francis LLC
Subjects
Blockchain
Blockchain technology adoption
Carbon
carbon trading
Cryptography
diffusion of innovation
Energy consumption
energy efficiency
Manufacturing
organisation and environment theory
technology
Technology utilization
Malaysia
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Summary: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.
ISSN:1367-5567
1469-848X
DOI:10.1080/13675567.2022.2090527