Crossing the Chasm: Blockchain as an Innovation Driver in Broader Adoption of Carbon Offsetting Solutions

Weronika Adamkiewicz

Student thesis: Master thesis

Abstract

While carbon offsetting is becoming a growingly more recognized way of supporting the transition to a low-carbon economy, it faces the chasm of innovation. This thesis seeks to explore the potential of blockchain to uphold the adoption of carbon offsetting solutions. The theoretical framework for the investigation stems from three areas of research: carbon markets, blockchain and innovation adoption. The research uses a qualitative, exploratory and abductive methodology approach. Semi-structured interviews were conducted in order to present four empirical accounts on employing blockchain in the voluntary carbon market domain. The results unveil the potential barriers to and drivers of broader adoption of carbon offsets and the considerations each of the adopters took into account in their innovation-decision process. The findings suggest that the ways to potentially cross the innovation chasm embraced by the case companies correspond to the techniques found in the literature and that distributed ledger technology could be be a value-adding element of the solution in that process.

EducationsMSc in Business Administration and Information Systems, (Graduate Programme) Final Thesis
LanguageEnglish
Publication date2020
Number of pages88