User readiness and intention to adopt Blockchain technology: perspective of accounting practitioners in Malaysia

The world is catching up with blockchain technology, however, it has slowly caught the attention of Malaysians. Besides, the opportunities and challenges of blockchain technology for the accounting practitioners are still under-investigated and empirical
evidence is yet to be provided. Therefore, the purpose of this study is to investigate the relationship between the constructs of technology readiness index (TRI) and the accounting practitioners’ behavioural intention to adopt blockchain technology. A cross sectional study has been carried out and employed PLS-SEM for data analysis.
Findings indicate that, among the technology readiness variables, optimism and
innovativeness have a significantly positive effect on the intention to adopt blockchain
technology, whereas discomfort and insecurity do not have a significant effect on the
intention to adopt blockchain technology. Therefore, the management teams,
blockchain developers and the related authorities should put more effort, time and
energy in discovering the opportunities and challenges of blockchain technology as
well as accelerating the development of blockchain technology to avoid falling behind
by other countries in gaining advantages from this perspective.