open access publication

Article, 2024

Blockchain technology diffusion in tourism: Evidence from early enterprise adopters and innovators

Heliyon, ISSN 1879-4378, 2405-7843, 2405-8440, Volume 10, 2, Page e24675, 10.1016/j.heliyon.2024.e24675

Contributors

Maythu, Yin [1] [2] [3] Kwok, Andrei O J 0000-0002-2733-9931 (Corresponding author) [4] Teh, Pei-Lee 0000-0002-9107-478X [4]

Affiliations

  1. [1] University of Girona
  2. [NORA names: Spain; Europe, EU; OECD];
  3. [2] University of Ljubljana
  4. [NORA names: Slovenia; Europe, EU; OECD];
  5. [3] University of Southern Denmark
  6. [NORA names: SDU University of Southern Denmark; University; Denmark; Europe, EU; Nordic; OECD];
  7. [4] Monash University Malaysia
  8. [NORA names: Malaysia; Asia, South]

Abstract

The use cases of blockchain as an innovative technology have increasingly captured the attention of tourism enterprises. To date, the literature tends to discuss blockchain's advantages rather than how early enterprise adopters and innovators experience and perceive the technology. As such, the extent of technology diffusion is not well understood. This study critically explores the factors influencing blockchain diffusion in tourism and how blockchain innovation is diffused in tourism. We conducted semistructured interviews with founders and senior executives of tourism enterprises in the United States and Europe who are early adopters and innovators of blockchain in tourism. From the thematic analysis, our empirical findings indicate that blockchain has much to offer despite the nascent link between blockchain's business value to an enterprise's strategic plans and the limited success of use cases in tourism. We summarize the findings in a conceptual framework and offer propositions based on the antecedents (motivators and drivers and challenges and barriers) of blockchain diffusion of innovation for enterprises to achieve competitive advantage. The propositions provide a research agenda to guide the strategic implementation of blockchain.

Keywords

Blockchain advantages, Europe, United States and Europe, adoption, advantage, agenda, analysis, antecedents, attention, blockchain, blockchain diffusion, blockchain innovation, business value, cases, cases of blockchain, competitive advantage, conceptual framework, diffusion, diffusion of innovation, early adopters, empirical findings, enterprise adoption, enterprise strategic planning, enterprises, evidence, factors, findings, founder, framework, implementation of blockchain, innovation, innovation of blockchain, innovative technologies, interviews, links, literature, planning, proposition, research, research agenda, semistructured interviews, senior executives, strategic implementation, strategic planning, study, success, technology, technology diffusion, thematic analysis, tourism, tourism enterprises, units, values

Data Provider: Digital Science