Unlocking enterprise blockchain adoption: A R3 Corda case study

Abstract

This study seeks to offer a comprehensive and practical comprehension of the lessons that companies can derive from financial institutions to promote the adoption of blockchain technology for future growth. Utilising R3 Corda, the largest blockchain platform featuring prominent financial institutions, as a case study, this research collects a wealth of company-recorded videos, podcasts, webinars, and textual data that offer invaluable insights for this case analysis. This investigation strives to contribute to formulating a blockchain adoption framework, drawing inspiration from successful use cases in the financial sector. This research outlines the current institutional pressures, criteria for platform selection, a blockchain adoption checklist, and novel institutional arrangements, providing a structured approach for enterprises considering embracing blockchain solutions. This framework serves as a strategic guide, facilitating organisations in navigating the complexities of blockchain implementation and ensuring a seamless integration process that aligns with their unique goals and operational requirements. Hence, discerning how to judiciously select and participate in the right blockchain consortia/platform is paramount for fostering and managing new technological innovations as businesses undergo digital transformation.