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Assessing the barriers to adopting blockchain technology in digital transformation
(İdris Karagöz, 2024) Nebati, Emine Elif
Blockchain technology represents a groundbreaking innovation in the realm of digital transformation. This technology has radically changed the way businesses work in the digital transformation process. Blockchain securely and transparently records and manages data without a centralized authority. With the rapid adoption of blockchain technology, it has become inevitable for companies to adapt to this new paradigm. In the digital transformation process, blockchain technology offers significant opportunities for businesses, such as increasing efficiency, reducing costs, enhancing security, and creating new business models. However, there are several obstacles to blockchain adoption. To overcome these challenges, companies need to adopt a strategic approach and conduct comprehensive planning to integrate blockchain technology. This study aims to assess the impediments hindering the adoption of blockchain technology through the utilization of the spherical fuzzy analytic hierarchy process (AHP). The most significant obstacle identified is flexibility limitations, followed by government regulation, lack of privacy, latency, data size, and cost. This study is crucial for understanding the role of blockchain technology in the digital transformation process and for helping the e-commerce sector identify competitive advantages.