DETERMINANTS OF BLOCKCHAIN TECHNOLOGY ADOPTION AND ITS IMPACT ON FINANCIAL PERFORMANCE: AN EMPIRICAL STUDY OF JORDANIAN SMES

This paper explores the key factors influencing blockchain adoption and its impact on financial performance among small and medium sized enterprises (SMEs) in Jordan. Using survey data collected from 438 SMEs, we test a set of research hypotheses on adoption and performance. The findings review that adoption is positively influenced by relative advantage, compatibility, top management support, and organizational readiness, while complexity negatively impacts adoption. However, competitive pressures do not significantly influence adoption. Additionally, blockchain adoption is positively associated with improved financial performance in these enterprises.