Decentralised Technology Adoption with a Coopetition Approach

Decentralised technologies like blockchain have gained popularity recently due to their reliable, transparent, open, immutable, and secured natures. They have demonstrated various benefits in a wide range of domains. However, barriers such as lack of government regulation, lack of trust, lack of skilled workforce, high technological complexity and high costs are stopping many organisations and industries from adopting them. This paper explores the phenomenon of decentralised technology adoption with a coopetition approach at an industry level. It highlights how the coopetition relationship could drive the decentralised technology adoption across an industry, and the opportunities and challenges of this adoption approach on the stakeholders and wider communities.