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Journal of Information and Optimization Sciences cover

Journal of Information and Optimization Sciences

(Since 1980)
Open Access ·Peer-reviewed·ISSN (Online): 2169-0103·ISSN (Print): 0252-2667

WoS  JIF 2026 : 0.4 (Q4)

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Monthly Journal: Publishes theoretical and applied research on topics in information and optimization sciences.

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Journal of Information and Optimization Sciences
Open Access Research Article

Critical success factors of blockchain technology adoption in banking and financial sector using diamond fuzzy AHP

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pp. 1199–1215Vol. 45Issue 4May 2024DOI: 10.47974/JIOS-1703XML
Published Online:
08 Jun 2024
Article type:
Research Article
Language:
EN
Article no.:
JIOS-1703
Pages:
1199–1215

Abstract

Blockchain technology is creating significant interest among a wide range of industries in the world due to the continuing applications in the banking sector. Thus, the aim of this research is to introduce an outline for examining critical factors that affect the success of the adoption of Blockchain-technologies in the sector of Finance and arranges them using the fuzzy analytical hierarchy process technique. First, it identifies thirteen critical success factors under three categories: technological, organizational, and environmental, taking the assistance of the extensive literature review and expert-opinion. Then, these factors are given a ranking that is based on their relative weightage. It is concluded that top management attitude, organization readiness, government regulation, immutability, and disintermediation are the detrimental factors for widespread blockchain adoption. The findings of this study will empower the stakeholders in the financial sector to improve their performance using blockchain technologies.

Keywords

BlockchainCritical success factorsDiamond fuzzy numbersFinancial institutionsFuzzy numbersFuzzy AHP

Subject Classifications

Primary 93A30Secondary 49K15

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