Abstract
What are the factors that influence blockchain adoption in the public sector? This paper uses the diffusion of innovation theory to examine leading adopters of blockchain at the national government level. Six factors for blockchain adoption were tested using logistic regression: cybersecurity, control of corruption, e-government development, government effectiveness, political stability, and democratic participation. The analysis shows that cybersecurity, government effectiveness, and political stability are significant predictors. High levels of cybersecurity and government effectiveness increases the likelihood of countries to adopt blockchain. Paradoxically, higher degree of political stability decreases the likelihood of early blockchain adoption.
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