The Effect of Blockchain Adoption on Fintech Development: The Moderating Role of Organizational Agility, An Empirical Study of Digital Wallet
About this article
Keywords:
Technological Readiness; Perceived Benefits; User Acceptance; Organizational Agility; Fintech DevelopmentAbstract
This article investigates the moderating effect of organizational agility on the association between blockchain adoption and fintech development, focusing on the digital wallet in Jordan. Transforming the digital economy with financial technologies, blockchain, a foundational innovation, offers improved transparency, security, and operational efficiency. However, the extent to which these benefits materialize depends on an organization's ability to respond quickly to change, a quality known as organizational agility. In line with this, we explore how the adoption of blockchain adds to the relationship between fintech development outcomes and how organizational agility interplays in this relationship. We adopted a quantitative methodology that involved employees and stakeholders in the digital wallet. The results show that blockchain adoption positively influences fintech development, and organizational agility significantly moderates this relationship. Such findings provide practical contributions for fintech firms and technology strategists to use blockchain innovations to grow dynamically in organizations, in Jordanian emerging financial markets.
References
Abbas, A., & Ali, A. (2024). Antecedents & Outcomes of Marketing Agility : A Dynamic Capability Leading to Performance. 4(2). https://doi.org/10.62019/abbdm.v4i02.167.
Adebimpe, O. I., & Lola, A. O. (2024). Cloud-Based Accounting Information Systems and Financial Reporting Quality of Listed Information and Communication Technology Firms in Nigeria. Journal of Economics, Finance And Management Studies, 07(04), 2089–2104. https://doi.org/10.47191/jefms/v7-i4-32.
Aditya, D. S. (2021). Journal of Technology and Science Education EMBARKING DIGITAL LEARNING DUE TO COVID-19: Are Teachers Ready? Journal of Technology and Science Education, 11(1), 104–116. https://doi.org/10.3926/jotse.1109.
Al-Ahmadi, H. (2011). Challenges facing women leaders in Jordan. Human Resource Development International, 14(2), 149–166. https://doi.org/10.1080/13678868.2011.558311.
Alkhazaleh, A., Assaf, A., Shehada, M., Almustafa, E., & Allahham, M. (2023). Analysis of the Impact of Fintech Firms’ Lending on the Expansion of Service Base Companies in Jordan. Information Sciences Letters, 12(8), 2891–2902. https://doi.org/10.18576/isl/120837.
View more references (26)
Allahham, M., Sharabati, A. A. A., Al-Sager, M., Sabra, S., Awartani, L., & Khraim, A. S. L. (2024). Supply chain risks in the age of big data and artificial intelligence: The role of risk alert tools and managerial apprehensions. Uncertain Supply Chain Management, 12(1), 399–406. https://doi.org/10.5267/j.uscm.2023.9.012.
Almaqtari, F. A. (2024). The moderating role of IT governance on the relationship between FinTech and sustainability performance. Journal of Open Innovation: Technology, Market, and Complexity, 10(2), 100267. https://doi.org/10.1016/j.joitmc.2024.100267.
Almustafa, E. . A. A. . & A. M. (n.d.). Implementation of artificial intelligence for financial process innovation of commercial banks. .
Alrjoub, A. M. S., Almomani, S. N., Al-Hosban, A. A., & Allahham, M. I. (2021). the Impact of Financial Performance on Earnings Management Practice Behavior (an Empirical Study on Financial Companies in Jordan). Academy of Strategic Management Journal, 20(Special Issue 2), 1–15.
Amini, M., & Bakri, A. (2019). Cloud Computing Adoption by SMEs in the Malaysia. A Multi-Perspective Framework Based on DOI Theory and TOE Framework, 9(2), 121–135. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2841175%0Ahttps://www.academia.edu/download/48980689/Cloud_Computing_Adoption_by_SMEs_in_the_Malaysia-_A_Multi-Perspective_Framework_based_on_DOI_Theory_and_TOE_Framework_.pdf.
Aslam, H., Blome, C., Roscoe, S., & Azhar, T. M. (2020). Determining the antecedents of dynamic supply chain capabilities. Supply Chain Management, 25(4), 427–442. https://doi.org/10.1108/SCM-02-2019-0074.
Atieh Ali, A. A., Sharabati, A. A., Alqurashi, D. R., Shkeer, A. S., & Allahham, M. (2024). The impact of artificial intelligence and supply chain collaboration on supply chain resilience: Mediating the effects of information sharing. Uncertain Supply Chain Management, 12, 1801–1812. https://doi.org/10.5267/j.uscm.2024.3.002.
Atta, A. A. B., Ahmad, A. Y. A. B., Allahham, M. I., Sisodia, D. R., Singh, R. R., & Maginmani, U. H. (2023). Application of Machine Learning and Blockchain Technology in Improving Supply Chain Financial Risk Management. Proceedings of International Conference on Contemporary Computing and Informatics, IC3I 2023, 2199–2205. https://doi.org/10.1109/IC3I59117.2023.10397935.
Bashatweh, A. D., Abutaber, T. A., Jamal, M., Faris, L., Khader, A., Al-jaghbir, S. A., & Alzoubi, I. J. (2023). Does Environmental , Social , and Governance ( ESG ) Disclosure Add Firm Value ? Evidence from Sharia-Compliant Banks in Jordan Does Environmental , Social , and Governance ( ESG ) Disclosure Add Firm Value ? Evidence from Sharia-Compliant Banks in Jordan. July 2022. https://doi.org/10.1007/978-3-031-08084-5.
Bashatweh, A. D., Emad, P., & Ahmed, Y. (2020). Financial Performance Evaluation of the commercial banks in Jordan : Based on the CAMELS Framework Financial Performance Evaluation of the commercial banks in Jordan : Based on the CAMELS Framework . April.
Gharaibeh, N., Gharaibeh, M. K., Gharaibeh, O., & Bdour, W. (2020). Exploring intention to adopt mobile commerce: Integrating UTAUT2 with social media. International Journal of Scientific and Technology Research, 9(3), 3826–3833.
Hammi, B., Zeadally, S., & Nebhen, J. (2023). Security Threats, Countermeasures, and Challenges of Digital Supply Chains. ACM Computing Surveys, 55(14 S). https://doi.org/10.1145/3588999.
Jameel, A. S. (2024). The Effect of Organizational Culture , Rewards and Trust on Knowledge Sharing Among Academic Staff. https://doi.org/10.61704/jpr.v24i4.pp25-35.
Jawabreh, O., Baadhem, A. M., Ali, B. J. A., Atta, A. A. B., Ali, A., Al-Hosaini, F. F., & Allahham, M. (2023). The Influence of Supply Chain Management Strategies on Organizational Performance in Hospitality Industry. Applied Mathematics and Information Sciences, 17(5), 851–858. https://doi.org/10.18576/amis/170511.
Khan, W. Z., Rehman, M. H., Zangoti, H. M., Afzal, M. K., Armi, N., & Salah, K. (2020). Industrial internet of things: Recent advances, enabling technologies and open challenges. Computers and Electrical Engineering, 81, 106522. https://doi.org/10.1016/j.compeleceng.2019.106522.
Mishra, N. (2024). Green Fintech Revolution: Assessing The Impact Of Sustainable Finance Platforms On Environmental And Social Outcomes. UGC Care Group 1 Journal, 17(3). https://www.researchgate.net/publication/379484138
Mittal, N. (2024). Fin Tech Evolution: Pioneering Sustainable Transformations in Investment and Finance. SJIF) Sudarshan Research Journal, 179(2), 10–27. www.sudarshanresearchjournal.com.
Morshed, A., Maali, B., Ramadan, A., Ashal, N., Zoubi, M., & Allahham, M. (2024). The impact of supply chain finance on financial sustainability in Jordanian SMEs. Uncertain Supply Chain Management, 12(4), 2767–2776. https://doi.org/10.5267/j.uscm.2024.4.025.
Obaid, T., Eneizan, B., Naser, S. S. A., Alsheikh, G., Ali, A. A. A., Abualrejal, H. M. E., & Gazem, N. A. (2022). Factors Contributing to an Effective E- Government Adoption in Palestine. Lecture Notes on Data Engineering and Communications Technologies, 127(January), 663–676. https://doi.org/10.1007/978-3-030-98741-1_55.
Perano, M., Cammarano, A., Varriale, V., Del Regno, C., Michelino, F., & Caputo, M. (2023). Embracing supply chain digitalization and unphysicalization to enhance supply chain performance: a conceptual framework. In International Journal of Physical Distribution and Logistics Management (Vol. 53, Issues 5–6). https://doi.org/10.1108/IJPDLM-06-2022-0201.
Sharabati, A. A. A., Rehman, S. U., Malik, M. H., Sabra, S., Al-Sager, M., & Allahham, M. (2024). Is AI biased? evidence from FinTech-based innovation in supply chain management companies? International Journal of Data and Network Science, 8(3), 1839–1852. https://doi.org/10.5267/j.ijdns.2024.2.005.
Sharabati, A. A., Ali, A., Ali, A., Allahham, M. I., Hussein, A. A., Alheet, A. F., & Mohammad, A. S. (2024). The Impact of Digital Marketing on the Performance of SMEs : An Analytical Study in Light of Modern Digital Transformations. 1–25. https://doi.org/10.3390/su16198667.
Shehadeh, H., Shajrawi, A., Zoubi, M., & Daoud, M. (2024). The mediating role of ICT on the impact of supply chain management (SCM) on organizational performance (OP): A field study in Pharmaceutical Companies in Jordan. Uncertain Supply Chain Management, 12(2), 1251–1266. https://doi.org/10.5267/j.uscm.2023.11.011.
Technology, P. (2023). FROM STAGNATION TO SUCCESS: HOW BUSINESS PROCESS REENGINEERING CAN DRIVE GROWTH AND INNOVATION IN BUSINESS Dr. Smita Dron* Assistant Professor, HBTU , Kanpur, Uttar Pradesh, India. 23(2), 4949–4966.
Wihelmina Afua Addy, Onyeka Chrisanctus Ofodile, Omotoya Bukola Adeoye, Adedoyin Tolulope Oyewole, Chinwe Chinazo Okoye, Olubusola Odeyemi, & Yinka James Ololade. (2024). Data-Driven Sustainability: How Fintech Innovations Are Supporting Green Finance. Engineering Science & Technology Journal, 5(3), 760–773. https://doi.org/10.51594/estj.v5i3.871.
Zhang, X., Zhao, Y., & Liu, X. (2024). Can fi ntech promote environmental investment in heavily polluting enterprises ? evidence from China. July, 1–9. https://doi.org/10.3389/fenvs.2024.1373685.