Research On The Mechanism And Simulation Of The Impact Of Financial Enterprises’willingness To Adopt Blockchain Technology

With the arrival of the global digital era,blockchain technology has become a strategic focus of global digitization,and blockchain technology is also becoming an important carrier of China’s digital economy.For a long time,financial risks such as trust issues and fraud caused by information asymmetry have existed,and blockchain technology can make up for the shortcomings of current finance.Blockchain technology has become an important means of disrupting and reshaping credit system construction and financial risk prevention and control.However,despite the earliest application of blockchain technology in the financial industry,the actual willingness to adopt blockchain still needs to be improved.The application research of blockchain technology in the financial industry is relatively extensive,but there is relatively little research on the impact mechanism of financial enterprises’ willingness to adopt blockchain technology.Therefore,it is necessary to clarify the impact mechanism of financial enterprises adopting blockchain technology,provide theoretical guidance for financial enterprises to adopt blockchain technology,and promote the healthy development of blockchain finance.Firstly,from an organisational perspective and an individual perspective,based on the TAM model and the TOE framework,the influencing factors of financial enterprises’ willingness to adopt blockchain technology are identified through literature research and expert scoring.Construct a structural equation model based on the identified influencing factors to study the impact mechanism of financial enterprises’ willingness to adopt blockchain technology,and conduct empirical testing through questionnaire survey data.The research results indicate that:(1)Direct effects.The compatibility of blockchain technology,senior management support,organizational readiness,competitive pressure,policy environment,perceived ease of use,and perceived usefulness have a positive and significant impact on the intention of enterprises to adopt blockchain technology,while relative advantage,complexity,adoption cost,security and privacy issues have no significant effect on financial firms’ behavioural intention to adopt blockchain technology.(2)Mesomeric effect.Perceived usefulness plays a partial mediating role in the two paths of senior management support and blockchain adoption intention,competitive pressure and blockchain adoption intention,and perceived usefulness plays a full mediating role between comparative advantage and blockchain adoption intention.Perceived ease of use plays a partial mediating role in compatibility and willingness to adopt blockchain,policy environment and willingness to adopt blockchain,organizational readiness and willingness to adopt blockchain,perceived ease of use plays a complete mediating role between complexity and willingness to adopt blockchain.Based on the results of the above empirical study,a system dynamics model for the willingness of financial enterprises to adopt blockchain technology is constructed to analyze the dynamic effects of technological,organizational,and environmental dimensions on the willingness of financial enterprises to adopt blockchain technology.The research results indicate that: within a certain period of time,the policy environment has the greatest impact on the willingness to adopt blockchain,followed by compatibility,organizational readiness,comparative advantage,complexity and senior management support;the early policy environment has a significant impact on the willingness to adopt blockchain technology,and the development of blockchain technology in the middle and later stages has the greatest impact on the willingness to adopt blockchain technology;compared to the improvement of single factor and single dimension,the comprehensive effect of multi-dimensional factors is more effective in promoting the adoption of blockchain technology in financial enterprises.Finally,propose corresponding management strategies from the three levels of technology,organization,and environment to enhance the willingness of financial enterprises to adopt blockchain technology.This article enriches the theoretical system of research on the willingness of domestic financial enterprises to adopt blockchain technology,reveals the dynamic changes in the influencing factors of blockchain technology adoption in financial enterprises,provides theoretical guidance for improving the willingness of financial enterprises to adopt blockchain technology,and helps to unleash the potential commercial value of blockchain technology in the financial industry,promoting the high-quality development of finance.