IDEAS home Printed from https://ideas.repec.org/a/mbr/jmonec/v14y2019i3p335-365.html

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

Author

Listed:
  • Heidari, Hamed

    (Islamic Azad University, Science And Research Branch)

  • Mousakhani, Morteza

    (Islamic Azad University, Science And Research Branch)

  • Alborzi, Mahmood

    (Islamic Azad University, Science And Research Branch)

  • Divandari, Ali

    (University of Tehran)

  • Radfar, Reza

    (Islamic Azad University, Science And Research Branch)

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

Suggested Citation

  • Heidari, Hamed & Mousakhani, Morteza & Alborzi, Mahmood & Divandari, Ali & Radfar, Reza, 2019. "Explaining the Blockchain Acceptance Indices in Iran Financial Markets: A Fuzzy Delphi Study," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 14(3), pages 335-365, July.
  • Handle: RePEc:mbr:jmonec:v:14:y:2019:i:3:p:335-365
    as

    Download full text from publisher

    File URL: http://jme.mbri.ac.ir/article-1-445-en.pdf
    Download Restriction: no

    File URL: http://jme.mbri.ac.ir/article-1-445-en.html
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Nir Kshetri, 2017. "Will blockchain emerge as a tool to break the poverty chain in the Global South?," Third World Quarterly, Taylor & Francis Journals, vol. 38(8), pages 1710-1732, August.
    2. Huaiqing Wang & Kun Chen & Dongming Xu, 2016. "A maturity model for blockchain adoption," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 2(1), pages 1-5, December.
    3. repec:aen:journl:ej37-si1-introduction is not listed on IDEAS
    4. Ye Guo & Chen Liang, 2016. "Blockchain application and outlook in the banking industry," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 2(1), pages 1-12, December.
    5. J. Leon Zhao & Shaokun Fan & Jiaqi Yan, 2016. "Overview of business innovations and research opportunities in blockchain and introduction to the special issue," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 2(1), pages 1-7, December.
    6. David Yermack, 2017. "Corporate Governance and Blockchains," Review of Finance, European Finance Association, vol. 21(1), pages 7-31.
    7. Kevin Zhu & Kenneth L. Kraemer, 2005. "Post-Adoption Variations in Usage and Value of E-Business by Organizations: Cross-Country Evidence from the Retail Industry," Information Systems Research, INFORMS, vol. 16(1), pages 61-84, March.
    8. Gareth W. Peters & Efstathios Panayi & Ariane Chapelley, 2015. "Trends in cryptocurrencies and blockchain technologies: a monetary theory and regulation perspective," Journal of Financial Perspectives, EY Global FS Institute, vol. 3(3), pages 92-113.
    9. Yuanfeng Cai & Dan Zhu, 2016. "Fraud detections for online businesses: a perspective from blockchain technology," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 2(1), pages 1-10, December.
    10. Kurnia, Sherah & Choudrie, Jyoti & Mahbubur, Rahim Md & Alzougool, Basil, 2015. "E-commerce technology adoption: A Malaysian grocery SME retail sector study," Journal of Business Research, Elsevier, vol. 68(9), pages 1906-1918.
    11. Jianjun Sun & Jiaqi Yan & Kem Z. K. Zhang, 2016. "Blockchain-based sharing services: What blockchain technology can contribute to smart cities," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 2(1), pages 1-9, December.
    12. Pilkington Marc, 2016. "Blockchain Technology: Principles and Applications," Post-Print halshs-01231205, HAL.
    13. Jennifer J. Xu, 2016. "Are blockchains immune to all malicious attacks?," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 2(1), pages 1-9, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hamed Taherdoost, 2022. "A Critical Review of Blockchain Acceptance Models—Blockchain Technology Adoption Frameworks and Applications," Post-Print hal-03741851, HAL.
    2. Rabindra Kumar Jena, 2022. "Examining the Factors Affecting the Adoption of Blockchain Technology in the Banking Sector: An Extended UTAUT Model," IJFS, MDPI, vol. 10(4), pages 1-20, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. J. Leon Zhao & Shaokun Fan & Jiaqi Yan, 2016. "Overview of business innovations and research opportunities in blockchain and introduction to the special issue," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 2(1), pages 1-7, December.
    2. Yunmei Liu & Shuai Zhang & Min Chen & Yenchun Wu & Zhengxian Chen, 2021. "The Sustainable Development of Financial Topic Detection and Trend Prediction by Data Mining," Sustainability, MDPI, vol. 13(14), pages 1-19, July.
    3. Dulani Jayasuriya Daluwathumullagamage & Alexandra Sims, 2021. "Fantastic Beasts: Blockchain Based Banking," JRFM, MDPI, vol. 14(4), pages 1-43, April.
    4. Alireza Farnoush & Ashish Gupta & Hamidreza Ahady Dolarsara & David Paradice & Shashank Rao, 2022. "Going beyond intent to adopt Blockchain: an analytics approach to understand board member and financial health characteristics," Annals of Operations Research, Springer, vol. 308(1), pages 93-123, January.
    5. Min Xu & Xingtong Chen & Gang Kou, 2019. "A systematic review of blockchain," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 5(1), pages 1-14, December.
    6. Randy Priem, 2020. "Distributed ledger technology for securities clearing and settlement: benefits, risks, and regulatory implications," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 6(1), pages 1-25, December.
    7. Romi Kher & Siri Terjesen & Chen Liu, 2021. "Blockchain, Bitcoin, and ICOs: a review and research agenda," Small Business Economics, Springer, vol. 56(4), pages 1699-1720, April.
    8. Yuk Ming Tang & Ka Yin Chau, 2025. "Blockchain evolution and management theoretical (BEMT) model based on integrated semantic similarity and co-citation analysis for next generation service industry," Operations Management Research, Springer, vol. 18(2), pages 475-494, June.
    9. Zaheer Allam, 2018. "On Smart Contracts And Organisational Performance: A Review Of Smart Contracts Through The Blockchain Technology," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 22, pages 137-156, December.
    10. Tandon, Anushree & Kaur, Puneet & Mäntymäki, Matti & Dhir, Amandeep, 2021. "Blockchain applications in management: A bibliometric analysis and literature review," Technological Forecasting and Social Change, Elsevier, vol. 166(C).
    11. Sun, Yi & Jiang, Shiqing & Jia, Wanjiao & Wang, Yu, 2022. "Blockchain as a cutting-edge technology impacting business: A systematic literature review perspective," Telecommunications Policy, Elsevier, vol. 46(10).
    12. Sujata Seshadrinathan & Shalini Chandra, 2025. "Trusting the trustless blockchain for its adoption in accounting: theorizing the mediating role of technology-organization-environment framework," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 11(1), pages 1-39, December.
    13. Kouhizadeh, Mahtab & Saberi, Sara & Sarkis, Joseph, 2021. "Blockchain technology and the sustainable supply chain: Theoretically exploring adoption barriers," International Journal of Production Economics, Elsevier, vol. 231(C).
    14. Chen, R. & Chen, K. & Ou, Carol, 2023. "Facilitating interorganizational trust in strategic alliances by leveraging blockchain-based systems: Case studies of two eastern banks," Other publications TiSEM 85ecf99c-76f0-416e-9604-d, Tilburg University, School of Economics and Management.
    15. repec:bjf:journl:v:10:y:2025:i:9:p:509-524 is not listed on IDEAS
    16. Ammar AL-Ashmori & Shuib Bin Basri & P. D. D. Dominic & Luiz Fernando Capretz & Amgad Muneer & Abdullateef Oluwagbemiga Balogun & Abdul Rehman Gilal & Rao Faizan Ali, 2022. "Classifications of Sustainable Factors in Blockchain Adoption: A Literature Review and Bibliometric Analysis," Sustainability, MDPI, vol. 14(9), pages 1-30, April.
    17. Woon Leong Lin & Ying Yang & Nelvin XeChung Leow & Wai Mun Lim & Pek Chuen Khee & Nick Yip, 2025. "Trends in the dynamic evolution of blockchain and circular economy: A literature review and bibliometric analysis," Business Strategy and the Environment, Wiley Blackwell, vol. 34(1), pages 1062-1084, January.
    18. Ilya Ivaninskiy & Irina Ivashkovskaya & Joseph A. McCahery, 2023. "Does digitalization mitigate or intensify the principal-agent conflict in a firm?," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 27(3), pages 695-725, September.
    19. Su, Dan & Zhang, Lijun & Peng, Hua & Saeidi, Parvaneh & Tirkolaee, Erfan Babaee, 2023. "Technical challenges of blockchain technology for sustainable manufacturing paradigm in Industry 4.0 era using a fuzzy decision support system," Technological Forecasting and Social Change, Elsevier, vol. 188(C).
    20. Poonam Garg & Bhumika Gupta & Kanwal Nayan Kapil & Uthayasankar Sivarajah & Shivam Gupta, 2025. "Examining the relationship between blockchain capabilities and organizational performance in the Indian banking sector," Annals of Operations Research, Springer, vol. 348(3), pages 1513-1546, May.
    21. Lee, Jei Young, 2019. "A decentralized token economy: How blockchain and cryptocurrency can revolutionize business," Business Horizons, Elsevier, vol. 62(6), pages 773-784.

    More about this item

    Keywords

    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mbr:jmonec:v:14:y:2019:i:3:p:335-365. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: P. R. (email available below). General contact details of provider: https://www.mbri.ac.ir/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.