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Analyzing the Influence of Legal and Regulatory Challenges and Organizational Change Management on Blockchain Adoption in Project Management
Abstract
This research explored the importance of blockchain technology in facilitating the overall functions of project management and provides a framework to utilize this technology, emphasizing the legal and regulatory issues and organizational change management. Quantitative research design was selected, which utilized structural equation modeling to analyze the relationships among the variables of interest, including legal and regulatory framework, organizational change management, project management, and blockchain adoption. The data were collected through a survey consisting of 41 questions; the survey included 206 participants from various categories. The findings reveal that integrating blockchain technology into project management can drive organizational innovation and growth. Despite its benefits, however, blockchain's complexity, security concerns, and evolving regulations pose significant barriers that organizations must address through investment in training, security, and collaborative regulatory efforts.
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