Conceptual Framework for Blockchain Business Success Factors with Fuzzy Analytic Hierarchy Process Model
Blockchain technology is gaining popularity globally, and adoption is on the rise in Malaysia. The success of blockchain business in Malaysia depends on many key factors. By identifying the most influential factors, businesses can make informed strategic decisions that improve their chances of succe...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
EDP Sciences
2023-01-01
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| Series: | ITM Web of Conferences |
| Subjects: | |
| Online Access: | https://www.itm-conferences.org/articles/itmconf/pdf/2023/07/itmconf_icaect2023_01006.pdf |
| _version_ | 1797343987675168768 |
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| author | Lam Weng Hoe Lam Weng Siew Liew Kah Fai Chin Fung Yuen Lim Foo Weng |
| author_facet | Lam Weng Hoe Lam Weng Siew Liew Kah Fai Chin Fung Yuen Lim Foo Weng |
| author_sort | Lam Weng Hoe |
| collection | DOAJ |
| description | Blockchain technology is gaining popularity globally, and adoption is on the rise in Malaysia. The success of blockchain business in Malaysia depends on many key factors. By identifying the most influential factors, businesses can make informed strategic decisions that improve their chances of success in the market. Policymakers can also benefit from this research as it can guide them in creating an enabling environment for the growth and advancement of the blockchain industry in Malaysia. As a result, critical success factors are needed to be determined in order to accelerate the implementation of blockchain in organizations. Thus, a conceptual framework to identify the business success factors by using the Fuzzy Analytic Hierarchy Process model is proposed in this study. This research study is significant as the business success factors can be determined by the conceptual framework based on the Fuzzy Analytic Hierarchy Process model. The identification of business success factors for implementing blockchain is very crucial as it can guide policymakers and practitioners in comprehending the significance and importance of business success factors. Hence, viable strategies can be developed to make blockchain technology adoption in various sectors becomes successful. |
| first_indexed | 2024-03-08T10:55:47Z |
| format | Article |
| id | doaj.art-f50f35ed9c8646aeb45f90590338a31f |
| institution | Directory Open Access Journal |
| issn | 2271-2097 |
| language | English |
| last_indexed | 2024-03-08T10:55:47Z |
| publishDate | 2023-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | ITM Web of Conferences |
| spelling | doaj.art-f50f35ed9c8646aeb45f90590338a31f2024-01-26T16:34:27ZengEDP SciencesITM Web of Conferences2271-20972023-01-01570100610.1051/itmconf/20235701006itmconf_icaect2023_01006Conceptual Framework for Blockchain Business Success Factors with Fuzzy Analytic Hierarchy Process ModelLam Weng Hoe0Lam Weng Siew1Liew Kah Fai2Chin Fung Yuen3Lim Foo Weng4Department of Physical and Mathematical Science, Faculty of Science, Universiti Tunku Abdul Rahman, Kampar Campus, Jalan Universiti, Bandar BaratDepartment of Physical and Mathematical Science, Faculty of Science, Universiti Tunku Abdul Rahman, Kampar Campus, Jalan Universiti, Bandar BaratDepartment of Physical and Mathematical Science, Faculty of Science, Universiti Tunku Abdul Rahman, Kampar Campus, Jalan Universiti, Bandar BaratDepartment of Physical and Mathematical Science, Faculty of Science, Universiti Tunku Abdul Rahman, Kampar Campus, Jalan Universiti, Bandar BaratDepartment of Physical and Mathematical Science, Faculty of Science, Universiti Tunku Abdul Rahman, Kampar Campus, Jalan Universiti, Bandar BaratBlockchain technology is gaining popularity globally, and adoption is on the rise in Malaysia. The success of blockchain business in Malaysia depends on many key factors. By identifying the most influential factors, businesses can make informed strategic decisions that improve their chances of success in the market. Policymakers can also benefit from this research as it can guide them in creating an enabling environment for the growth and advancement of the blockchain industry in Malaysia. As a result, critical success factors are needed to be determined in order to accelerate the implementation of blockchain in organizations. Thus, a conceptual framework to identify the business success factors by using the Fuzzy Analytic Hierarchy Process model is proposed in this study. This research study is significant as the business success factors can be determined by the conceptual framework based on the Fuzzy Analytic Hierarchy Process model. The identification of business success factors for implementing blockchain is very crucial as it can guide policymakers and practitioners in comprehending the significance and importance of business success factors. Hence, viable strategies can be developed to make blockchain technology adoption in various sectors becomes successful.https://www.itm-conferences.org/articles/itmconf/pdf/2023/07/itmconf_icaect2023_01006.pdfblockchainconceptual frameworkfuzzy analytic hierarchy processbusiness success factors |
| spellingShingle | Lam Weng Hoe Lam Weng Siew Liew Kah Fai Chin Fung Yuen Lim Foo Weng Conceptual Framework for Blockchain Business Success Factors with Fuzzy Analytic Hierarchy Process Model ITM Web of Conferences blockchain conceptual framework fuzzy analytic hierarchy process business success factors |
| title | Conceptual Framework for Blockchain Business Success Factors with Fuzzy Analytic Hierarchy Process Model |
| title_full | Conceptual Framework for Blockchain Business Success Factors with Fuzzy Analytic Hierarchy Process Model |
| title_fullStr | Conceptual Framework for Blockchain Business Success Factors with Fuzzy Analytic Hierarchy Process Model |
| title_full_unstemmed | Conceptual Framework for Blockchain Business Success Factors with Fuzzy Analytic Hierarchy Process Model |
| title_short | Conceptual Framework for Blockchain Business Success Factors with Fuzzy Analytic Hierarchy Process Model |
| title_sort | conceptual framework for blockchain business success factors with fuzzy analytic hierarchy process model |
| topic | blockchain conceptual framework fuzzy analytic hierarchy process business success factors |
| url | https://www.itm-conferences.org/articles/itmconf/pdf/2023/07/itmconf_icaect2023_01006.pdf |
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