identifying blockchain technology maturity’s levels in the oil and gas industry

Currently, blockchain in the oil and gas industry is still experimental, and many people do not acknowledge this technology. blockchain technology can bring many opportunities, such as reducing transaction business costs and increasing transparency to the oil and gas industry. however, because blockchain is an emerging technology, organizations need to investigate the maturity stages to increase this technology’s readiness and adoption. the capability maturity model (cmm) is one of the standard models in information technology. this model is widely adopted as a public maturity model in business processes, industry, and is/it organizations. the blockchain technology maturity model is classified into five levels of emerging, identified, defined, operational, and mature to identify the applications of this technology toward flourishing and providing the ultimate solution to most of the organization’s problems. therefore, this qualitative research has been designed to identify maturity levels to provide a conceptual model of maturity levels of blockchain technology in the grounded theory. first, the initial factors were extracted by reviewing the research background; then, semi-structured interviews with 12 blockchain technology experts collected the data. the meaning and characteristics of the blockchain maturity model challenges are presented in three stages of coding: identification, classification, and finally, creating the research model. the reliability of the interviews was confirmed by the reliability methods of test–retest and intra-subject agreement. the results of data analysis indicate that experts at the emerging level to primary educating and technology monitoring, at the identified level, to recognize the applications of this technology and regulation, at the defined level, to develop a roadmap, proof of concept (poc), and feasibility, at the operational level, the stakeholder resistance, and at the matured level, the entry new members, the consortium, and increasing attention to maturity requirements, is a spotlight with more frequency than other indicators and elements.