Authors - S. M Julkar Naeen Abir, Abdul Kadar Muhammad Masum, Angappa Gunasekaran, Mohammad Ashraful Ferdous Chowdhury, Md. Abul Kalam Azad Abstract - Blockchain technology is redefining the landscape of commercial transactions, ushering in a new era of paperless currency. Yet, when it comes to formulating corporate strategy, adoption is still in its infancy stage. This article aims to assess the essential elements that influence the choice to embrace Blockchain in the business world. Fifteen important criteria were selected through detailed analysis of existing studies and expert comments. The identified factors were divided into 3 categories; technological, social, and business. The cause-effect relationship was examined using the DEMATEL approach. The findings revealed five critical causal factors that influence Blockchain adoption: interoperability issues, lack of acceptability, trust issues, lack of security, and legal infrastructure concerns. The findings provide unique insights into the business sector, allowing companies to increase performance by overcoming significant difficulties. This research also includes a plan for adopting Blockchain in transactions.
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