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The Drivers Behind Blockchain Adoption: The Rationality of Irrational Choices

  • Tommy KoensEmail author
  • Erik Poll
Conference paper
Part of the Lecture Notes in Computer Science book series (LNCS, volume 11339)

Abstract

There has been a huge increase in interest in blockchain technology. However, little is known about the drivers behind the adoption of this technology. In this paper we identify and analyze these drivers, using three real-world and representative scenarios. We confirm in our analysis that blockchain is not an appropriate technology for some scenarios, from a purely technical point of view. The choice for blockchain technology in such scenarios may therefore seem as an irrational choice. However, our analysis reveals that there are non-technical drivers at play that drive the adoption of blockchain, such as philosophical beliefs, network effects, and economic incentives. These non-technical drivers may explain the rationality behind the choice for blockchain adoption.

Keywords

Blockchain Distributed ledger Technical drivers Non-technical drivers 

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Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  1. 1.Radboud UniversityNijmegenThe Netherlands

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