Issue |
ITM Web Conf.
Volume 57, 2023
Fifth International Conference on Advances in Electrical and Computer Technologies 2023 (ICAECT 2023)
|
|
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Article Number | 01006 | |
Number of page(s) | 6 | |
Section | Software Engineering & Information Technology | |
DOI | https://doi.org/10.1051/itmconf/20235701006 | |
Published online | 10 November 2023 |
Conceptual Framework for Blockchain Business Success Factors with Fuzzy Analytic Hierarchy Process Model
Department of Physical and Mathematical Science, Faculty of Science, Universiti Tunku Abdul Rahman, Kampar Campus, Jalan Universiti, Bandar Barat, Kampar 31900, Perak, Malaysia.
* Corresponding author: lamws@utar.edu.my
Blockchain technology is gaining popularity globally, and adoption is on the rise in Malaysia. The success of blockchain business in Malaysia depends on many key factors. By identifying the most influential factors, businesses can make informed strategic decisions that improve their chances of success in the market. Policymakers can also benefit from this research as it can guide them in creating an enabling environment for the growth and advancement of the blockchain industry in Malaysia. As a result, critical success factors are needed to be determined in order to accelerate the implementation of blockchain in organizations. Thus, a conceptual framework to identify the business success factors by using the Fuzzy Analytic Hierarchy Process model is proposed in this study. This research study is significant as the business success factors can be determined by the conceptual framework based on the Fuzzy Analytic Hierarchy Process model. The identification of business success factors for implementing blockchain is very crucial as it can guide policymakers and practitioners in comprehending the significance and importance of business success factors. Hence, viable strategies can be developed to make blockchain technology adoption in various sectors becomes successful.
Key words: Blockchain / conceptual framework / Fuzzy Analytic Hierarchy Process / business success factors
© The Authors, published by EDP Sciences, 2023
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