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A framework for organisational adoption of blockchain technology in the financial services sector

Mini Dissertation (MBA)--University of Pretoria, 2021.

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Other Authors: Penfold, Craig
Format: Thesis
Language:English
Published: University of Pretoria 2021
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access_status_str Open Access
author2 Penfold, Craig
author_browse Penfold, Craig
author_facet Penfold, Craig
collection Thesis
dc_rights_str_mv © 2019 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria.
description Mini Dissertation (MBA)--University of Pretoria, 2021.
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institution University of Pretoria (South Africa)
language English
last_indexed 2026-06-10T12:36:21.406Z
license_str Other — see source repository
provenance_str_mv Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository
publishDate 2021
publishDateRange 2021
publishDateSort 2021
publisher University of Pretoria
publisherStr University of Pretoria
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spelling oai:repository.up.ac.za:2263/81688 A framework for organisational adoption of blockchain technology in the financial services sector Penfold, Craig ichelp@gibs.co.za Mononga, Omphile UCTD Blockchain Blockchain adoption Financial services Distributed ledger technologies Mini Dissertation (MBA)--University of Pretoria, 2021. The financial services sector is riddled with efficiency challenges and high costs resulting from the use of legacy financial systems. A solution for these challenges exists in the form of blockchain technology. However, adoption of blockchain in the financial services sector remains a challenge for several reasons. Key to this is the fact that the technology is still new, and there is a lack of clear information on how management of financial institutions can configure their organisations to prepare them for the adoption of the new technology. By investigating the technological aspects of blockchain technology; the organisational preparedness for adoption; and the environmental dynamics of financial services; this paper presents a framework for organisational adoption of blockchain technology. This framework will assist organisations to first reconfigure themselves to prepare for technological adoption; and second, align themselves to the requirements of adoption of blockchain technology. Through in-depth, semi-structured interviews with experts in the global financial services sector, it was found that there is a methodological approach to the adoption of blockchain technology. Blockchain advocates within organisations will be able to conduct an internal introspection into efficiency challenges they face, learn about blockchain technology, build a business case for adoption, reconfigure the organisation, align the organisation, and adopt blockchain to accord the organisation the necessary efficiencies. Gordon Institute of Business Science (GIBS) MBA Unrestricted 2021-09-07T07:46:32Z 2021-09-07T07:46:32Z 2021-09 2021 Mini Dissertation Mononga, O 2021, A framework for organisational adoption of blockchain technology in the financial services sector, MBA Mini Dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/81688> S2021 http://hdl.handle.net/2263/81688 en © 2019 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria
spellingShingle UCTD
Blockchain
Blockchain adoption
Financial services
Distributed ledger technologies
A framework for organisational adoption of blockchain technology in the financial services sector
title A framework for organisational adoption of blockchain technology in the financial services sector
title_full A framework for organisational adoption of blockchain technology in the financial services sector
title_fullStr A framework for organisational adoption of blockchain technology in the financial services sector
title_full_unstemmed A framework for organisational adoption of blockchain technology in the financial services sector
title_short A framework for organisational adoption of blockchain technology in the financial services sector
title_sort framework for organisational adoption of blockchain technology in the financial services sector
topic UCTD
Blockchain
Blockchain adoption
Financial services
Distributed ledger technologies
url http://hdl.handle.net/2263/81688