Blockchain Adoption for a Circular Economy in the Chinese Automotive Industry: Identification of Influencing Factors Using an Integrated TOE-TAM Model

Jun Chen, Asma-Qamaliah Abdul-Hamid and Suhaiza Zailani ()
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Jun Chen: Department of Decision Science, Faculty of Business and Economics, Universiti Malaya, Kuala Lumpur 50603, Malaysia
Asma-Qamaliah Abdul-Hamid: UKM-Graduate School of Business, Universiti Kebangsaan Malaysia, Bangi 43600, Selangor, Malaysia
Suhaiza Zailani: Ungku Aziz Centre, Department of Decision Science, Faculty of Business and Economics, Universiti Malaya, Kuala Lumpur 50603, Malaysia

Sustainability, 2024, vol. 16, issue 24, 1-28

Abstract: Although the potential of the blockchain has been extensively recognized by scholars and practitioners across multiple fields, research on its adoption in the framework of the circular economy (CE) is still scarce. In this context, this study extends the technology acceptance model (TAM) by integrating the technology–organization–environment (TOE) framework to holistically understand how technological perception factors (perceived usefulness and perceived ease of use) interact with organizational and environmental factors in influencing the intention to adopt the blockchain in the CE within the context of the Chinese automotive supply chain. Based on survey data from 305 respondents from Chinese automotive companies, the proposed hybrid TOE-TAM conceptual model was validated. The results indicate that, except for the effects of the knowledge management capability on the perceived ease of use and regulatory support on blockchain adoption intention, all of the other hypotheses are deemed significant. Moreover, by conducting an in-depth analysis of the evolution of blockchain adoption intention in the CE, this study not only deepens the understanding of how the technology is disseminated but also provides valuable insights to theory and practice within the Chinese automotive value chain.

Keywords: blockchain; circular economy; TOE framework; TAM; automotive; China (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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