Explaining the Blockchain Acceptance Indices in Iran Financial Markets: A Fuzzy Delphi Study

Hamed Heidari (), Morteza Mousakhani (), Mahmood Alborzi (), Ali Divandari () and Reza Radfar ()
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Hamed Heidari : Islamic Azad University, Science And Research Branch
Morteza Mousakhani : Islamic Azad University, Science And Research Branch
Mahmood Alborzi : Islamic Azad University, Science And Research Branch
Ali Divandari : University of Tehran
Reza Radfar : Islamic Azad University, Science And Research Branch

Journal of Money and Economy, 2019, vol. 14, issue 3, 335-365

Abstract: This study was designed to explain the Blockchain acceptance indices in Iran's financial markets aimed at identifying different angles for the implementation of Blockchains. The Blockchain acceptance indices were extracted in 4 levels, 12 variables, and 53 indices of related research literature in the field of e-commerce and mobile banking. To validate the research indicators, the Fuzzy Delphi technique was used to refine the indices in addition to the documentary study. The survey was conducted in three stages and the results of each stage were refined. Based on data analysis, 39 indicators were confirmed. The results of this study can provide useful insights for researchers and policymakers of Iran’s financial markets to understand the prerequisites and effects of the Blockchain implementation on financial markets, and thereby, they would be able to change business models to take advantage of Blockchain capabilities in the infrastructure of Iran’s financial markets by considering different aspects.

Keywords: Blockchain adoption; Financial Markets; Fuzzy Delphi (search for similar items in EconPapers)
JEL-codes: G02 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (2)

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