Analysing the intention to use blockchain technology in payment transactions of Turkish maritime industry

Stakeholders in the maritime industry have been taking steps aimed at adopting Blockchain technology, the popular and innovative technology in recent days, with a view to increasing their competitive advantage. Although there are ongoing adaptation works at Maersk and Port of Rotterdam, this technology is still in its infancy for the maritime industry. The same applies to the number of studies in the academic literature. Adopting a new technology requires a thorough understanding of the intentions, awareness levels, hesitations and requirements of the stakeholders within the relevant industry. In this study, the authors aim to measure the intentions of various stakeholders within the industry in adopting the blockchain technology in terms of payment transactions across Turkey, by means of TAM. According to the findings, there are strong positive relationships between Usage Intention of Blockchain Technology based payment transactions and Perceived Usefulness and also Perceived Ease Of Use seperately. It has been determined that younger participants have a more positive approach to blockchain technology. This is also observed as the level of education increases. The originality and unique value of this paper lie in its investigating blockchain technology adoption in Turkey’s maritime industry in terms of payment transactions for the first time. Besides this study helps to better understand the factors involved in the blockchain technology adoption in terms of payment transactions in maritime industry and advances the related literature which has not been researched much.