IMIB Journal of Innovation and Management
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Aman Dua1

First Published 1 Dec 2022.
Article Information Volume 1, Issue 1 January 2023
Corresponding Author:

Aman Dua, Department of Food Business Management and Entrepreneurship Development, National Institute of Food Technology Entrepreneurship and Management, Plot No. 97, Sector 56, HSIIDC Industrial Estate, Kundli, Sonepat, Haryana 131028, India.

1 Department of Food Business Management and Entrepreneurship Development, National Institute of Food Technology Entrepreneurship and Management, Sonepat, Haryana, India

This article is distributed under the terms of the Creative Commons Attribution-NonCommercial 4.0 License ( which permits non-Commercial use, reproduction and distribution of the work without further permission provided the original work is attributed.


Blockchain is an emerging technology, showing possibilities in many fields. It has provided its mark in finance with cryptocurrency. Its security, robustness, interoperability and reliability have promised application in various areas, but the demonstrated use of blockchain technology is rare. The stakeholders are in the process of decision-making about the adoption of blockchain and assimilating with this new technology. This article discusses blockchain technology adoption with theories that were formed on adoption, infusions and assimilation of technologies by firms and individuals.

Blockchain technology will be adopted by firms, but most of the theories of adoption have been developed around individuals. Therefore, an assumption has been made that the premise for the firm will be the same as the premise for individuals, in the context of blockchain. Various firms, and the Indian government, are in the process of decision-making regarding blockchain. This article delivers explanations of constructs of different theories in the context of blockchain technology. This explanation will help practitioners to understand and analyse the adoption of blockchain technology in the context of their industry practice, and for academicians, it will act as the base to develop measurement tools for different assessments in the blockchain.


Blockchain management, blockchain adoption, technology adoption, technology assimilation, adoption theories


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