What is Adoption Curve

The main focus of the chapter is to study the diffusion of blockchain technology. Under the theoretical framework of innovation diffusion theory (IDT) analyses were conducted with the aim to localize blockchain technology in the adoption decision process and in the adoption curve. Thus, innovators and adopters of blockchain in different economic activities such as finance and banking, manufacturing, healthcare, education, and agriculture were presented. The purpose is to identify what economic sectors are reaping benefits from blockchain technology and what sectors are yet far away from its adoption. Furthermore, advantages of blockchain technology were also addressed because they are able to influence and accelerate its adoption. Insights are particularly relevant for future adopters and policy makers to enhance emergent technology adoption and reach economic benefits in the digitalization era.