Weighing Cost and Readiness: The Role of Perceived Cost in Shaping Blockchain Adoption Intentions and the Determinants of Bitcoin Adoption in the Digital Era

In the past few years, blockchain technology has increasingly drawn the interest of many organizations, largely due to its potential to improve data security, transparency, and operational efficiency in managing transactions. Despite these advantages, the rate at which organizations—especially in developing countries like Indonesia—adopt blockchain remains slow. One major consideration influencing adoption is the organization's level of preparedness, often referred to as organizational readiness. This encompasses the availability of resources, the strength of technological infrastructure, and the support from management to embrace change.

This research seeks to explore how organizational readiness correlates with an organization's intention to implement blockchain technology. By applying a quantitative research method using survey instruments, the study found that organizations demonstrating higher levels of readiness were more inclined to adopt blockchain systems. The outcomes provide valuable guidance for institutions aiming to undergo a sustainable digital shift, underlining the importance of evaluating internal capabilities before embracing innovative technologies.