This paper examines the role of dynamic capabilities in driving the adoption of blockchain technology and how this adoption contributes to efficiency. With a focus on Dynamic Capabilities Theory (DCT), we conducted a survey on 274 professionals working within the financial sector of the UAE and using Partial Least Squares Structural Equation Modeling (PLS-SEM), it has been found that antecedents such as early organization capabilities significantly improve the dynamic capabilities which are found to act as strong predictors to blockchain technology adoption. Moreover, blockchain technology adoption has been found to have a positive effect on efficiency (β = 0.676), which has supported the hypotheses regarding positive blockchain technology adoption on operational efficiency. The study affirms that the ability to leverage the efficiency gains potential of blockchain technology is achieved by firms with dynamic capabilities to sense, seize, and reconfigure themselves on the basis of technological changes.