722
Views
7
CrossRef citations to date
0
Altmetric
Articles

Blockchain technology prospects in transforming Ghana’s economy: a phenomenon-based approach

ORCID Icon, ORCID Icon & ORCID Icon

References

  • Abor, J., & Biekpe, N. (2006). Small business financing initiatives in Ghana. Problems and Perspectives in Management, 4(3), 69–77. Retrieved May 10, 2022, from https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/838/PPM_EN_2006_03_Abor.pdf
  • Adjzen, I., & Fishbein, M. (1980). Understanding attitudes and predicting social behavior. Prentice-Hall.
  • Agora. (2017). Agora whitepaper. Retrieved April 27, 2022, from https://static1.squarespace.com/static/%0A5b0be2f4e2ccd12e7e8a9be9/t/5b6c38550e2e725e9cad3f18/1533818968655/Agora_Whitepaper.pdf
  • Ahram, T., Sargolzaei, A., Sargolzaei, S., Daniels, J., & Amaba, B. (2017). Blockchain technology innovations. 2017 IEEE Technology Engineering Management Conference (TEMSCON), 137–141. https://doi.org/10.1109/TEMSCON.2017.7998367
  • Aidcoin. (2019). Aidcoin whitepaper. Retrieved April 27, 2022, from https://www.aidcoin.co/assets/documents/%0Awhitepaper.pdf
  • Ajzen, I. (1991). The theory of planned behavior. Organizational Behavior and Human Decision Processes, 50(2), 179–211. https://doi.org/10.1016/0749-5978(91)90020-T
  • Antwi, C. O., Aboagye, M. O., Antwi, J. O., & Ampadu, S. (2015). Information efficiency and the cocoa supply chain in Ghana. American International Journal of Social Science, 4(2015), 123–138. https://www.semanticscholar.org/paper/Information-Efficiency-and-the-Cocoa-Supply-Chain-Antwi-Osei/c999a95e43694d1a1a31b02817a5c61a9e6584ae
  • Aryeetey, E., & Kanbur, R. (2006). Ghana’s economy at half-century: An overview of stability, growth, and poverty.
  • Awa, H. O., Ukoha, O., & Emecheta, B. C. (2016). Using the T-O-E theoretical framework to study the adoption of ERP solutions. Cogent Business and Management, 3(1), 1196571. https://doi.org/10.1080/23311975.2016.1196571
  • Babich, V., & Hilary, G. (2020). Distributed ledgers and operations: What operations management researchers should know about blockchain technology. Manufacturing and Service Operations Management, 22(2), 223–240. https://doi.org/10.1287/MSOM.2018.0752
  • Bartlett, C. A., & Ghoshal, S. (2002). The transnational and beyond: Reflections and perspectives at the millennium. In M. A. Hitt & J. L. C. Cheng (Eds.), Advances in comparative international management (Vol. 14, pp. 3–36). Elsevier. doi:10.1016/s0747-7929(02)14030-3
  • Belle, P., Lambert, T., & Schwienbacher, A. (2014). Crowdfunding: Tapping the right crowd. Journal of Business Venturing, 29(5), 585–609. https://doi.org/10.1016/j.jbusvent.2013.07.003
  • Biswas, B., & Gupta, R. (2019). Analysis of barriers to implementing blockchain in industry and service sectors. Computers and Industrial Engineering, 136(2019), 225–241. https://doi.org/10.1016/j.cie.2019.07.005
  • Biswas, K., & Muthukkumarasamy, V. (2016). Securing smart cities using blockchain technology. 2016 IEEE 18th international conference on high-performance computing and communications; IEEE 14th international conference on smart city; IEEE 2nd international conference on data science and systems (HPCC/SmartCity/DSS), 1392–1393.
  • Blockchain for Good (B4G). (2016). Blockchain for Good (B4G) project. Retrieved April 27, 2022, from https://b4g.mystrikingly.com/
  • Boafo, J., Paalo, S. A., & Dotsey, S. (2019). Illicit Chinese small-scale mining in Ghana: Beyond institutional weakness? Sustainability, 11(21), 5943. https://doi.org/10.3390/su11215943
  • Bogner, A., Chanson, M., & Meeuw, A. (2016). A decentralised sharing app running a smart contract on the Ethereum blockchain. Proceedings of the 6th International Conference on the Internet of Things, 07-09-Nove, 177–178. https://doi.org/10.1145/2991561.2998465
  • Brilliantova, V., & Thurner, T. W. (2019). Blockchain and the future of energy. Technology in Society, 57, 38–45. https://doi.org/10.1016/j.techsoc.2018.11.001
  • Caldeira, M. M., & Ward, J. M. (2003). Using resource-based theory to interpret the successful adoption and use of information systems and technology in manufacturing small and medium-sized enterprises. European Journal of Information Systems, 12(2), 127–141. https://doi.org/10.1057/palgrave.ejis.3000454
  • Cappa, F., & Pinelli, M. (2020). Collecting money through blockchain technologies: First insights on the determinants of the return on initial coin offerings. Information Technology for Development, 27(3), 561–578. https://doi.org/10.1080/02681102.2020.1801564
  • Casino, F., Dasaklis, T. K., & Patsakis, C. (2019). A systematic literature review of blockchain-based applications: Current status, classification, and open issues. Telematics and Informatics, 36(November 2018), 55–81. https://doi.org/10.1016/j.tele.2018.11.006
  • Chapron, G. (2017). The environment needs cryptogovernance. Nature, 545(7655), 403–405. https://doi.org/10.1038/545403a
  • Chatterjee, A. (2020). Financial inclusion, information and communication technology diffusion, and economic growth: A panel data analysis. Information Technology for Development, 26(3), 607–635. https://doi.org/10.1080/02681102.2020.1734770
  • Choi, D., Chung, C. Y., Seyha, T., & Young, J. (2020). Factors affecting organizations’ resistance to the adoption of blockchain technology in supply networks. Sustainability, 12(21), 8882. https://doi.org/10.3390/su12218882
  • Choi, T. M. (2020). Supply chain financing using blockchain: Impacts on supply chains selling fashionable products. Annals of Operations Research, 287(2), 1–23. https://doi.org/10.1007/s10479-020-03615-7
  • Christidis, K., & Devetsikiotis, M. (2016). Blockchains and smart contracts for the Internet of things. IEEE Access, 4, 2292–2303. https://doi.org/10.1109/ACCESS.2016.2566339
  • Clohessy, T., & Acton, T. (2019). Investigating the influence of organizational factors on blockchain adoption: An innovation theory perspective. Industrial Management and Data Systems, 119(7), 1457–1491. https://doi.org/10.1108/IMDS-08-2018-0365.
  • Clohessy, T., Acton, T., & Rogers, N. (2019). Blockchain adoption: Technological, organisational and environmental considerations BT - business transformation through blockchain: Volume I (H. Treiblmaier & R. Beck, Eds.), 47–76. Springer International Publishing. https://doi.org/10.1007/978-3-319-98911-2_2
  • Cocco, L., Pinna, A., & Marchesi, M. (2017). Banking on Blockchain: Costs savings thanks to the blockchain technology. Future Internet, 9(3), 25–20. https://doi.org/10.3390/fi9030025
  • Coffie, C. P. K., Hongjiang, Z., Mensah, I. A., Kiconco, R., & Simon, A. E. O. (2020). Determinants of FinTech payment services diffusion by SMEs in Sub-Saharan Africa: Evidence from Ghana. Information Technology for Development, 1–22. https://doi.org/10.1080/02681102.2020.1840324
  • Cohen, B., & Amorós, J. E. (2014). Municipal demand-side policy tools and the strategic management of technology life cycles. Technovation, 34(12), 797–806. https://doi.org/10.1016/j.technovation.2014.07.001
  • Colquitt, J., & Zapata-Phelan, C. P. (2007). Trends in theory building and theory testing: A five-decade study of the academy of management journal. Academy of Management Journal, 50(6), 1281–1303. https://doi.org/10.5465/amj.2007.28165855
  • Cong, L. W., & He, Z. (2018). Blockchain disruption and smart contracts. The Review of Financial Studies, 32(5), 1754–1797. https://doi.org/10.1093/rfs/hhz007
  • Crunchbase. (2020). CrunchBase. Retrieved April 27, 2022, from https://www.crunchbase.com/organization/civic#section-overview
  • da Cunha, P. R., Soja, P., & Themistocleous, M. (2021). Blockchain for development: A guiding framework. Information Technology for Development, 27(3), 417–438. https://doi.org/10.1080/02681102.2021.1935453
  • Davidson, S., De Filippi, P., & Potts, J. (2016). Economics of blockchain. SSRN Electronic Journal, 1–23. https://doi.org/10.2139/ssrn.2744751
  • Davis, F. D. (1989). Perceived usefulness, perceived ease of use, and user acceptance of information technology. MIS Quarterly, 13(3), 319–340. https://doi.org/10.2307/249008
  • De, R., Pal, A., Sethi, R., Reddy, S. K., & Chitre, C. (2018). Ict4d research: A call for a strong critical approach. Information Technology for Development, 24(1), 63–94. https://doi.org/10.1080/02681102.2017.1286284
  • De Filippi, P. (2016). Blockchain-based crowdfunding : What impact on artistic production and art consumption ? Observatório Itaú Cultural, 19(2015), 10. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2725373
  • De Filippi, P., & Mcmullen, G. (2019). Governance of blockchain systems: Governance of and by distributed infrastructure [Research Report] Blockchain Research Institute and COALA, hal-020467(June), 1–40.
  • Deloitte. (2016a). Blockchain Enigma. Paradox. Opportunity. Retrieved April 27, 2022, from https://www2.deloitte.com/content/dam/Deloitte/uk/Documents/Innovation/deloitte-uk-blockchain-full-report.pdf
  • Deloitte. (2016b). Over the horizon Blockchain and the future of financial infrastructure. Retrieved April 27, 2022, from https://www2.deloitte.com
  • de Ven, A. H. V. (2016). Grounding the research phenomenon. Journal of Change Management, 16(4), 265–270. https://doi.org/10.1080/14697017.2016.1230336
  • Digiconomist. (2017). Bitcoin energy consumption index. Retrieved April 27, 2022, from https://digiconomist.net
  • Diniz, E. H., Siqueira, E. S., & van Heck, E. (2019). Taxonomy of digital community currency platforms. Information Technology for Development, 25(1), 69–91. https://doi.org/10.1080/02681102.2018.1485005
  • Di Vaio, A., & Varriale, L. (2020). Blockchain technology in supply chain management for sustainable performance: Evidence from the airport industry. International Journal of Information Management, 52, 102014. https://doi.org/10.1016/j.ijinfomgt.2019.09.010
  • Docademic. (2018). Docademic white paper. Retrieved April 28, 2022, from https://cdn.docademic.com/documents/%0ADocademic+ICO+White+Paper.pdf
  • Dorri, A., Kanhere, S. S., & Jurdak, R. (2017). Towards an optimized blockchain for IoT. Proceedings – 2017 IEEE/ACM 2nd international conference on internet-of-things design and implementation, IoTDI 2017 (Part of CPS Week), 173–178. https://doi.org/10.1145/3054977.3055003
  • Dwivedi, Y. K., Shareef, M. A., Simintiras, A. C., Lal, B., & Weerakkody, V. (2016). A generalized adoption model for services: A cross-country comparison of mobile health (m-health). Government Information Quarterly, 33(1), 174–187. https://doi.org/10.1016/j.giq.2015.06.003
  • Elsden, C., Manohar, A., Briggs, J., Harding, M., Speed, C., & Vines, J. (2018). Making sense of Blockchain applications: A typology for HCI. In R. Mandryk & M. Hancock (Eds.), Proceedings of the 2018 CHI conference on human factors in computing systems (pp. 1–14). Association for Computing Machinery. https://doi.org/10.1145/3173574.3174032
  • Eshun, M. E., & Amoako-Tuffour, J. (2016). A review of the trends in Ghana’s power sector. Energy, Sustainability and Society, 6(1), 1–9. https://doi.org/10.1186/s13705-016-0075-y
  • Fernando, Y., Rozuar, N. H. M., & Mergeresa, F. (2021). The blockchain-enabled technology and carbon performance: Insights from early adopters. Technology in Society, 64(2021), 101507. https://doi.org/10.1016/j.techsoc.2020.101507
  • Ferring, D., Hausermann, H., & Effah, E. (2016). Site-specific: Heterogeneity of small-scale gold mining in Ghana. The Extractive Industries and Society, 3(1), 171–184. https://doi.org/10.1016/j.exis.2015.11.014
  • Fiagbenu, E. J. (2017). Overview introduction digitalization in Ghana policy interventions policy derivatives and impact policy gaps identified policy continuity challenges implications for future policy development A call for collaborations. https://diodeweb.files.wordpress.com/2017/10/fiagbenu-oxford-diode-workshop-presentation.pdf.
  • Folkinshteyn, D., & Lennon, M. (2016). Braving Bitcoin: A technology acceptance model (TAM) analysis. Journal of Information Technology Case and Application Research, 18(4), 220–249. https://doi.org/10.1080/15228053.2016.1275242
  • Fossier, E., Bai, Y., Li, J., Liu, Y., Ogihara, R., Wan, X., Wu, J., & Ye, I. (2018). Traveling with cryptocurrency a guide for Queensland tourism stakeholders.
  • Gai, K., Qiu, M., & Sun, X. (2018). A survey on FinTech. Journal of Network and Computer Applications, 103, 262–273. https://doi.org/10.1016/j.jnca.2017.10.011
  • GitHub. (2022). Blockchain projects. Retrieved April 29, 2022, from https://github.com.
  • Grover, V., & Malhotra, M. K. (2003). Transaction cost framework in operations and supply chain management research: Theory and measurement. Journal of Operations Management, 21(4), 457–473. https://doi.org/10.1016/S0272-6963(03)00040-8
  • Gulbrandsen, B., Sandvik, K., & Haugland, S. A. (2009). Antecedents of vertical integration: Transaction cost economics and resource-based explanations. Journal of Purchasing and Supply Management, 15(2), 89–102. https://doi.org/10.1016/j.pursup.2008.12.003
  • Guo, Y., & Liang, C. (2016). Blockchain application and outlook in the banking industry. Financial Innovation, 2(1), 24. https://doi.org/10.1186/s40854-016-0034-9
  • Gupta, V., & ConsenSys. (2017, February). Building the hyperconnected future on blockchains, 32.
  • Haferkorn, M., & Diaz, J. M. Q. (2015). Seasonality and interconnectivity within cryptocurrencies - An analysis based on bitcoin, litecoin, and namecoin. Lecture Notes in Business Information Processing, 217, 106–120. https://doi.org/10.1007/978-3-319-28151-3_8
  • Hald, K. S., & Kinra, A. (2019). How the blockchain enables and constrains supply chain performance. International Journal of Physical Distribution and Logistics Management, 49(4), 376–397. https://doi.org/10.1108/IJPDLM-02-2019-0063
  • Hasan, M. R., Shiming, D., Islam, M. A., & Hossain, M. Z. (2020). Operational efficiency effects of blockchain technology implementation in firms: Evidence from China. Review of International Business and Strategy, 30(2), 163–181. https://doi.org/10.1108/RIBS-05-2019-0069
  • Henten, A., & Windekilde, I. (2020). Blockchains and transaction costs. Nordic and Baltic Journal of Information and Communications Technologies, 2020(1), 33–52. https://doi.org/10.13052/nbjict1902-097x.2020.002
  • Hezir, J., & Moniz, E. (2018, July). Promising Blockchain applications for energy: Separating the signal from the noise, 1–35.
  • Hilson, G. (2016). Farming, small-scale mining and rural livelihoods in Sub-Saharan Africa: A critical overview. The Extractive Industries and Society, 3(2), 547–563. https://doi.org/10.1016/j.exis.2016.02.003
  • Holotiuk, F., Pisani, F., & Moormann, J. (2017). The impact of blockchain technology on business models in the payments industry. WI 2017 Proceedings (March 2018), 912–926. https://aisel.aisnet.org/wi2017/track09/paper/6
  • Hou, H. (2017). The application of blockchain technology in E-government in China. 2017 26th International Conference on Computer communication and networks (ICCCN), 1–4.
  • Hughes, L., Dwivedi, Y. K., Misra, S. K., Rana, N. P., Raghavan, V., & Akella, V. (2019). Blockchain research, practice, and policy: Applications, benefits, limitations, emerging research themes, and research agenda. International Journal of Information Management, 49, 114–129. https://doi.org/10.1016/j.ijinfomgt.2019.02.005
  • Huo, B., Ye, Y., & Zhao, X. (2015). The impacts of trust and contracts on opportunism in the 3PL industry: The moderating role of demand uncertainty. International Journal of Production Economics, 170, 160–170. https://doi.org/10.1016/j.ijpe.2015.09.018
  • Imran, B. (2018). Mastering blockchain: Distributed ledger technology, decentralization, and smart contracts explained. Packt Publishing Ltd.
  • Infosys Limited. (2019). White paper understanding the practical applications. Mining Journal Intelligence.
  • Jonathan, A., & Alexander, F. O. (2013). Assessing supply chain management practices on organizational performance; a case study of the West African Examinations Council (WAEC), Ghana national office, Accra. American Based Research Journal, 2(6), 36–47. http://www.abrj.org
  • Kaaru, S. (2019). Blockchain advances in Africa, overcoming funding Hurdles. Cryptocurrency News.
  • Kakavand, H., Kost De Sevres, N., & Chilton, B. (2017). The blockchain revolution: An analysis of regulation and technology related to distributed ledger technologies. SSRN Electronic Journal.
  • Kamal, S. A., Shafiq, M., & Kakria, P. (2020). Investigating acceptance of telemedicine services through an extended technology acceptance model (TAM). Technology in Society, 60, 101212. https://doi.org/10.1016/j.techsoc.2019.101212
  • Kamble, S., Gunasekaran, A., & Arha, H. (2019). Understanding the blockchain technology adoption in supply chains-Indian context. International Journal of Production Research, 57(7), 2009–2033. https://doi.org/10.1080/00207543.2018.1518610
  • Kamble, S. S., Gunasekaran, A., Kumar, V., Belhadi, A., & Foropon, C. (2021). A machine learning-based approach for predicting blockchain adoption in supply chain. Technological Forecasting and Social Change, 163(2021), 120465. https://doi.org/10.1016/j.techfore.2020.120465
  • Kewell, B., Adams, R., & Parry, G. (2017). Blockchain for good? Strategic Change, 26(5), 429–437. https://doi.org/10.1002/jsc.2143
  • Kfoury, B. (2021). The role of blockchain in reducing the cost of financial transactions in the retail industry. CEUR Workshop Proceedings, 2889, 10–22. http://ceur-ws.org/Vol-2889/PAPER_02.pdf
  • Kinai, A. (2018). IBM and Twiga foods introduce Blockchain-based micro-financing.
  • Kosba, A., Miller, A., Shi, E., Wen, Z., & Papamanthou, C. (2016). Hawk: The blockchain model of cryptography and privacy-preserving smart contracts. In M. Locasto (Ed.), 2016 IEEE symposium on security and privacy (SP) (pp. 839–858). IEEE. https://doi.org/10.1109/SP.2016.55
  • Kossaï, M., de Souza, M. L. L., Zaied, Y. B., & Nguyen, P. (2020). Determinants of the adoption of information and communication technologies (ICTs): the case of Tunisian electrical and electronics sector. Journal of the Knowledge Economy, 11(3), 845–864. https://doi.org/10.1007/s13132-018-0573-6
  • Kshetri, N. (2018). 1 Blockchain's roles in meeting key supply chain management objectives. International Journal of Information Management, 39(December 2017), 80–89. https://doi.org/10.1016/j.ijinfomgt.2017.12.005
  • Kshetri, N., & Loukoianova, E. (2019). Blockchain adoption in supply chain networks in Asia. IT Professional, 21(1), 11–15. https://doi.org/10.1109/MITP.2018.2881307
  • Kshetri, N., & Voas, J. (2018). Blockchain in developing countries. IT Professional, 20(2), 11–14. https://doi.org/10.1109/MITP.2018.021921645
  • Kuan, K. K. Y., & Chau, P. Y. K. (2001). A perception-based model for EDI adoption in small businesses using a technology–organization–environment framework. Information & Management, 38(8), 507–521. https://doi.org/10.1016/S0378-7206(01)00073-8
  • Lindman, J., Tuunainen, V. K., & Rossi, M. (2017). Opportunities and risks of Blockchain technologies–a research agenda.
  • Lu, H.-P., & Weng, C.-I. (2018). Smart manufacturing technology, market maturity analysis, and technology roadmap in the computer and electronic product manufacturing industry. Technological Forecasting and Social Change, 133, 85–94. https://doi.org/10.1016/j.techfore.2018.03.005
  • Macrinici, D., Cartofeanu, C., & Gao, S. (2018). Smart contract applications within blockchain technology: A systematic mapping study. Telematics and Informatics, 35(8), 2337–2354. https://doi.org/10.1016/j.tele.2018.10.004
  • Makhdoom, I., Abolhasan, M., Abbas, H., & Ni, W. (2019). Blockchain’s adoption in IoT: The challenges, and a way forward. Journal of Network and Computer Applications, 125, 251–279. https://doi.org/10.1016/j.jnca.2018.10.019
  • Malwarebytes. (2017). Persistent drive-by crypto mining coming to a browser near you. Retrieved April 29, 2022, from https://blog.malwarebytes.com.
  • Mamoshina, P., Ojomoko, L., Yanovich, Y., Ostrovski, A., Botezatu, A., Prikhodko, P., Izumchenko, E., Aliper, A., Romantsov, K., Zhebrak, A., Ogu, I. O., & Zhavoronkov, A. (2018). Converging blockchain and next-generation artificial intelligence technologies to decentralize and accelerate biomedical research and healthcare. Oncotarget, 9(5), 5665–5690. https://doi.org/10.18632/oncotarget.22345
  • Mearian, L. (2018). Q&A: Walmart’s Frank Yiannas on the use of blockchain for food safety. Computerworld.
  • Medina, A., Rammel, C., Voshmgir, S., & Aylmer, R. (2014). Blockchain and SDGs: programming a sustainable world.
  • Mettler, M. (2016). Blockchain technology in healthcare: The revolution starts here. In C. Thuemmle (Ed.), 2016 IEEE 18th International Conference on E-health networking, applications and services (healthcom) (pp. 1–3). IEEE. https://doi.org/10.1109/HealthCom.2016.7749510
  • Ministry of Business Development. (2017). Economic sectors. Retrieved April 27, 2022, from https://www.mofep.gov.gh
  • Ministry of Finance, G. (2018). The budget statement and economic policy. Retrieved April 27, 2022, from https://www.mofep.gov.gh
  • Ministry of Finance, G. (2019). The budget statement and economic policy. Retrieved April 27, 2022, from https://www.mofep.gov.gh
  • MoFA. (2018). Agriculture in Ghana: “Crops” Facts & Figures in a Glance. SRID-MOFA.
  • Morabito, V., & Morabito, V. (2017). Blockchain value system. In G. Žvab (Ed.), Business innovation through blockchain (pp. 21–38). Springer International Publishing. https://doi.org/10.1007/978-3-319-48478-5_2
  • Morkunas, V. J., Paschen, J., & Boon, E. (2019). How blockchain technologies impact your business model. Business Horizons, 62(3), 295–306. https://doi.org/10.1016/j.bushor.2019.01.009
  • Mougayar, W. (2016). The business blockchain: Promise, practice, and application of the next Internet technology. John Wiley & Sons.
  • Nelson, R. R., & Sampat, B. N. (2001). Making sense of institutions as a factor shaping economic performance. Journal of Economic Behavior & Organization, 44(1), 31–54. https://doi.org/10.1016/S0167-2681(00)00152-9
  • OEC. (2021). Ghana (GHA) exports, imports, and trade partners. OEC - The Observatory of Economic Complexity.
  • Ølnes, S., Ubacht, J., & Janssen, M. (2017). Blockchain in government: Benefits and implications of distributed ledger technology for information sharing. Government Information Quarterly, 34(3), 355–364. https://doi.org/10.1016/j.giq.2017.09.007
  • Orji, I. J., Kusi-Sarpong, S., Huang, S., & Vazquez-Brust, D. (2020). Evaluating the factors that influence blockchain adoption in the freight logistics industry. Transportation Research Part E: Logistics and Transportation Review, 141(June 2019), 102025. https://doi.org/10.1016/j.tre.2020.102025
  • OwusuSarpong, K., OtchereFianko, A., & KwabenaAnin, E. (2013). An assessment of supply chain risks in the cocoa industry in the Ashanti Region, Ghana. International Journal of Humanities and Social Science, 3(19), 191–201. www.ijhssnet.com/journals/Vol_3_No_19_November_2013/24.pdf
  • Parity Wallet Security Alert. (2017). Security alert. Parity Technologies.
  • Patil, S. S., & Puranik, P. Y. L. (2019). Blockchain technology. International Journal of Trend in Scientific Research and Development, Volume-3(Issue-4), 573–574. https://doi.org/10.31142/ijtsrd23774
  • Pettersson, A. I., & Segerstedt, A. (2014). To evaluate cost savings in a supply chain : Two examples from Ericsson in the telecom industry. Operations and Supply Chain Management: An International Journal, 6(3), 94–102. https://doi.org/10.31387/oscm0150094
  • Pilkington, M. (2016). Blockchain technology: Principles and applications. In F. Xavier Olleros & M. Zhegu (Eds.), Research handbooks on digital transformations (pp. 225–253). Edward Elgar Publishing. https://doi.org/10.4337/9781784717766.00019
  • Polim, R., Hu, Q., & Kumara, S. (2017). Blockchain in megacity logistics. 67th annual conference and expo of the Institute of Industrial engineers 2017, 1589–1594.
  • Potenza, A. (2017). Can renewable power offset bitcoin’s massive energy demands? The Verge.
  • Power Ledger. (2018). Power ledger whitepaper. Retrieved April 27, 2022, from https://cdn2.hubspot.net/hubfs/
  • PwC Ghana. (2020). Banking reforms so far: topmost issues on the minds of bank CEOs. Retrieved April 27, 2022, from https://www.pwc.com
  • PwC Ghana. (2021). Financial services. Retrieved April 27, 2022, from https://www.pwc.com
  • Queiroz, M. M., & Fosso Wamba, S. (2019). Blockchain adoption challenges in the supply chain: An empirical investigation of the main drivers in India and the USA. International Journal of Information Management, 46, 70–82. https://doi.org/10.1016/j.ijinfomgt.2018.11.021
  • Qureshi, S. (2017). The forgotten awaken: ICT’s evolving role in the roots of mass discontent. Information Technology for Development, 23(1), 1–17. https://doi.org/10.1080/02681102.2017.1293963
  • Ramdani, B., Chevers, D., & Williams, D. A. (2013). Smes’ adoption of enterprise applications. Journal of Small Business and Enterprise Development, 20(4), 735–753. https://doi.org/10.1108/JSBED-12-2011-0035
  • Ramdani, B., Kawalek, P., & Lorenzo, O. (2009). Predicting SMEs’ adoption of enterprise systems. Journal of Enterprise Information Management, 22(1/2), 10–24. https://doi.org/10.1108/17410390910922796
  • Reijers, W., O’Brolcháin, F., & Haynes, P. (2016). Governance in blockchain technologies & social contract theories. Ledger, 1, 134–151. https://doi.org/10.5195/ledger.2016.62
  • Research and Markets. (2022). Global Blockchain market outlook. Retrieved April 28, 2022, from https://www.researchandmarkets.com/reports/5551003/global-blockchain-market-outlook-2027
  • Restart Energy. (2017). Restart energy whitepaper. Retrieved May 8, 2022, from https://restartenergy.io/Restart_ Energy_Whitepaper.pdf
  • Rogers Everett, M. (1995). Diffusion of innovations. New York, 12.
  • Ros-Tonen, M. A. F., Aggrey, J. J., Somuah, D. P., & Derkyi, M. (2021). Human insecurities in gold mining: A systematic review of evidence from Ghana. The Extractive Industries and Society, 8(4), 100951. https://doi.org/10.1016/j.exis.2021.100951.
  • Roztocki, N., & Weistroffer, H. R. (2016). Conceptualizing and researching the adoption of ICT and the impact on socio-economic development. Information Technology for Development, 22(4), 541–549. https://doi.org/10.1080/02681102.2016.1196097
  • Saberi, S., Kouhizadeh, M., Sarkis, J., & Shen, L. (2019). Blockchain technology and its relationships to sustainable supply chain management. International Journal of Production Research, 57(7), 2117–2135. https://doi.org/10.1080/00207543.2018.1533261
  • Safari, F., Safari, N., Hasanzadeh, A., & Ghatari, A. R. (2015). Factors affecting the adoption of cloud Computing in Small and Medium enterprises. International Journal of Business Information Systems, 20(1), 116–137. https://doi.org/10.1504/IJBIS.2015.070894
  • Sam, D. (2021). Top Blockchain applications to know for 2021. https://builtin.com/blockchain/blockchain-applications
  • Schmidt, C. G., & Wagner, S. M. (2019). Blockchain and supply chain relations: A transaction cost theory perspective. Journal of Purchasing and Supply Management, 25(4), 100552. https://doi.org/10.1016/j.pursup.2019.100552
  • Schuetz, S., & Venkatesh, V. (2020). Blockchain, adoption, and financial inclusion in India: Research opportunities. International Journal of Information Management, 52(2020), 101936. https://doi.org/10.1016/j.ijinfomgt.2019.04.009
  • Schwarz, G. M., & Stensaker, I. G. (2016). Showcasing phenomenon-driven research on organizational change. Journal of Change Management, 16(4), 245–264. https://doi.org/10.1080/14697017.2016.1230931
  • Shi, P., & Yan, B. (2016). Factors affecting RFID adoption in the agricultural product distribution industry: Empirical evidence from China. SpringerPlus, 5(1), 1–11. https://doi.org/10.1186/s40064-015-1659-2
  • Siegel, D. (2016). The DAO attack: Understanding what happened – CoinDesk.
  • Skaten, M. (2018). Ghana’s oil industry: Steady growth in a challenging environment. In B. Fattouh (Ed.), Oxford Institute for Energy Studies (pp. 1–22). https://doi.org/10.26889/9781784671044
  • Slade, E., Williams, M., Dwivedi, Y., & Piercy, N. (2015b). Exploring consumer adoption of proximity mobile payments. Journal of Strategic Marketing, 23(3), 209–223. https://doi.org/10.1080/0965254X.2014.914075
  • Slade, E. L., Dwivedi, Y. K., Piercy, N. C., & Williams, M. D. (2015a). Modeling consumers’ adoption intentions of remote mobile payments in the United Kingdom: Extending UTAUT with innovativeness, risk, and trust. Psychology & Marketing, 32(8), 860–873. https://doi.org/10.1002/mar.20823
  • Soja, P., & da Cunha, P. R. (2015). ICT in transition economies: Narrowing the research Gap to developed countries. Information Technology for Development, 21(3), 323–329. https://doi.org/10.1080/02681102.2015.1028734
  • Subramanian, H. (2017). Decentralized blockchain-based electronic marketplaces. Communications of the ACM, 61(1), 78–84. https://doi.org/10.1145/3158333
  • Suhaliana, N., Halim, A., Rahman, M. A., Azad, S., & Kabir, M. N. (2018). Blockchain security hole: Issues and solutions. Springer International Publishing.
  • Sun, S., Cegielski, C. G., Jia, L., & Hall, D. J. (2018). Understanding the factors affecting the organizational adoption of big data. Journal of Computer Information Systems, 58(3), 193–203. https://doi.org/10.1080/08874417.2016.1222891
  • Szabo, N. (1996). Smart contracts: Building blocks for digital markets. EXTROPY: The Journal of Transhumanist Thought, 18(2), 28. https://www.fon.hum.uva.nl/rob/Courses/InformationInSpeech/CDROM/Literature/LOTwinterschool2006/szabo.best.vwh.net/smart_contracts_2.html
  • Tang, Y. K., & Konde, V. (2020). Differences in ICT use by entrepreneurial micro-firms: Evidence from Zambia. Information Technology for Development, 26(2), 268–291. https://doi.org/10.1080/02681102.2019.1684871
  • Tapscott, D., & Kirkland, R. (2016). How blockchains could change the world. Retrieved on March 15(3), 2017.
  • Tapscott, D., & Tapscott, A. (2016). Blockchain revolution: How the technology behind bitcoin is changing money, business, and the world. Penguin.
  • The Minerals Commission. (2022). Mining regulations. Retrieved April 27, 2022, from https://www.mincom.gov.gh
  • The World Bank Group. (2019). Ghana digital economy diagnostic. Ghana Digital Economy Diagnostic. https://doi.org/10.1596/34366
  • Tibben, W. J. (2015). Theory building for ICT4D: Systemizing case study research using theory triangulation. Information Technology for Development, 21(4), 628–652. https://doi.org/10.1080/02681102.2014.910635
  • Tob-Ogu, A., Kumar, N. S., & Cullen, J. (2017). ICT adoption in road freight transport in Nigeria – a case study of the petroleum downstream sector. Technological Forecasting and Social Change, 131, 240–252. https://doi.org/10.1016/j.techfore.2017.09.021
  • Tomlinson, B., Boberg, J., Cranefield, J., Johnstone, D., Luczak-Roesch, M., Patterson, D. J., & Kapoor, S. (2020). Analyzing the sustainability of 28 ‘blockchain for good’ projects via affordances and constraints. Information Technology for Development, 1–31. https://doi.org/10.1080/02681102.2020.1828792
  • Tornatzky, L. G., Fleischer, M., & Chakrabarti, A. K. (1990). Processes of technological innovation. Lexington books.
  • Toshendra Kumar Sharma. (2019). Top 10 countries leading Blockchain technology in the world. https://www.blockchain-council.org
  • Vandamme, E. (2019). The future of blockchain technology. SSRN 3463178, 1–31.
  • von Krogh, G., Rossi-Lamastra, C., & Haefliger, S. (2012). Phenomenon-based research in management and organisation science: When is it rigorous and does it matter? Long Range Planning, 45(4), 277–298. https://doi.org/10.1016/j.lrp.2012.05.001
  • Walsham, G. (2017). Ict4d research: Reflections on history and future agenda. Information Technology for Development, 23(1), 18–41. https://doi.org/10.1080/02681102.2016.1246406
  • Wang, Y., Singgih, M., Wang, J., & Rit, M. (2019). Making sense of blockchain technology: How will it transform supply chains? International Journal of Production Economics, 211(November 2018), 221–236. https://doi.org/10.1016/j.ijpe.2019.02.002
  • Wang, Y.-M., Wang, Y.-S., & Yang, Y.-F. (2010). Understanding the determinants of RFID adoption in the manufacturing industry. Technological Forecasting and Social Change, 77(5), 803–815. https://doi.org/10.1016/j.techfore.2010.03.006
  • Wang, Y.-S., Li, H.-T., Li, C.-R., & Zhang, D.-Z. (2016). Factors affecting hotels’ adoption of mobile reservation systems: A technology-organization-environment framework. Tourism Management, 53, 163–172. https://doi.org/10.1016/j.tourman.2015.09.021
  • WEF. (2018, September). Fourth industrial revolution for the earth series building block(chain)s for a better planet. Weforum.Org, 36.
  • Wen, K.-W., & Chen, Y. (2010). E-business value creation in Small and Medium Enterprises: A US study using the TOE framework. International Journal of Electronic Business, 8(1), 80–100. https://doi.org/10.1504/IJEB.2010.030717
  • White, G. R. T. (2017). Future applications of blockchain in business and management: A delphi study. Strategic Change, 26(5), 439–451. https://doi.org/10.1002/jsc.2144
  • Williamson, O. E. (1975). Markets and hierarchies: analysis and antitrust implications: a study in the economics of internal organization. The University of Illinois at Urbana-Champaign’s Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship.
  • Williamson, O. E. (1999). Strategy research: Governance and competence perspectives. Strategic Management Journal, 20(12), 1087–1108. https://doi.org/10.1002/(SICI)1097-0266(199912)20:12<1087::AID-SMJ71>3.0.CO;2-Z
  • Wuttke, D. A., Blome, C., Foerstl, K., & Henke, M. (2013). Managing the innovation adoption of supply chain finance-empirical evidence from Six European Case Studies. Journal of Business Logistics, 34(2), 148–166. https://doi.org/10.1111/jbl.12016
  • Yeh, C.-C., & Chen, Y.-F. (2018). Critical success factors for adoption of 3D printing. Technological Forecasting and Social Change, 132, 209–216. https://doi.org/10.1016/j.techfore.2018.02.003
  • Yermack, D. (2017). Corporate governance and blockchains. Review of Finance, 21(1), 7–31. https://doi.org/10.1093/rof/rfw074
  • Yeung, A. C. L. (2008). Strategic supply management, quality initiatives, and organizational performance. Journal of Operations Management, 26(4), 490–502. https://doi.org/10.1016/j.jom.2007.06.004
  • Yli-Huumo, J., Ko, D., Choi, S., Park, S., & Smolander, K. (2016). Where is current research on blockchain technology?—a systematic review. PloS One, 11(10), e0163477. https://doi.org/10.1371/journal.pone.0163477
  • Yoon, T. E., & George, J. F. (2013). Why aren’t organizations adopting virtual worlds? Computers in Human Behavior, 29(3), 772–790. https://doi.org/10.1016/j.chb.2012.12.003
  • Zachariadis, M., Hileman, G., & Scott, S. V. (2019). Governance and control in distributed ledgers: Understanding the challenges facing blockchain technology in financial services. Information and Organization, 29(2), 105–117. https://doi.org/10.1016/j.infoandorg.2019.03.001
  • Zamani, E. D., & Giaglis, G. M. (2018). With a little help from the miners: Distributed ledger technology and market disintermediation. Industrial Management and Data Systems, 118(3), 637–652. https://doi.org/10.1108/IMDS-05-2017-0231
  • Zambrano, R. (2017). Blockchain - unpacking the disruptive potential of blockchain technology for human development. International Development Research Centre, 85.
  • Zheng, Y., Hatakka, M., Sahay, S., & Andersson, A. (2018a). Conceptualizing development in information and communication technology for development (ICT4D). Information Technology for Development, 24(1), 1–14. https://doi.org/10.1080/02681102.2017.1396020
  • Zheng, Z., Xie, S., Dai, H.-N., Chen, X., & Wang, H. (2018b). Blockchain challenges and opportunities: A survey. International Journal of Web and Grid Services, 14(4), 352–375. https://doi.org/10.1504/IJWGS.2018.095647
  • Zhu, K., Kraemer, K., Xu, S., & Dedrick, J. L. (2004). Information Technology payoff in E-business environments: An International perspective on value creation of E-business in the financial services industry. Journal of Management Information Systems, 21(1), 17–54. https://doi.org/10.1080/07421222.2004.11045797

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.