Developing a Conceptual Model of Blockchain Driving Factors in Promoting Entrepreneurship with a Qualitative Approach

Abstract

The present study aimed at developing a conceptual model as well as categorizing blockchain driving factors in promoting entrepreneurship. The method of study was qualitative content analysis and the main tool of the data collection was semi-structured interviews. Data analysis was performed using directional and summary hybrid content analysis techniques. The identified factors include 140 open source codes that were categorized into 6 main categories which, using MAXQDA software, were classified and a conceptual model was drawn. Kappa method was used to evaluate the reliability and quality control of the present study. The kappa coefficient, calculated by SPSS software, was 0.950 which is highly acceptable. The results show that the six identified components, driving blockchain's promotion of entrepreneurship, include economic, technological, political, legal, social and environmental. Given that blockchain technology is not yet mature enough and is being developed, the current stage is a good opportunity for business units to be able to mitigate potential risks by employing appropriate strategies and taking advantage of potential opportunities and create a lasting competitive advantage for their business. The findings of this study are expected to be key metrics to assist managers and entrepreneurs in the field of entrepreneurship.

Keywords

• directional and summary hybrid content analysis
• driving factors
• entrepreneurship