Blockchain Technology Adoption by Malaysian Higher Education Institutes: A Perspective of Integrated Tam Model and Toe Framework

The purpose of this research is to identify and investigate the factors that influence Blockchain technology adoption in Malaysian higher education sector. This research has proposed a theoretical framework for Blockchain technology adoption based on Integrated TAM model and TOE framework constructs. The seven factors examined in this research are relative advantage, perceived ease of use, perceived usefulness, scalability concern, top management support, competitive pressure and regulatory policy. Factors are categorized in the Technological, organizational and environmental context. A questionnaire-based survey was used to collect the primary data for this research, from five Malaysian higher education institutes. Hypothesis for this research were derived using the proposed research framework and previously published literature, and further tested using multiple linear regression. The findings of the statistical analysis reveal that, perceived usefulness, competitive pressure and top management support have a significant and positive influence on Malaysian higher education institutes intention to adopt Blockchain technology. This research was performed in the Malaysian higher education sector, so this may limit the generalizability of the relevant findings. The findings of this research provide a better understanding of which technological, organizational and environmental factors affect the Blockchain adoption process in the Malaysian higher education institutes. This research contributes to the theoretical body of knowledge of the technology adoption, by examining unique external variables with an integrated TAM model and TOE framework approach.