The conventional education system in developing countries has been enhanced recently by implementing the latest technology of distributed ledger. Disruptive technology is a fundamental requirement for greater accountability and visibility. We explored the key factors affecting the intentions of educational institutions to use blockchain technology for e-learning. This study proposed an expanded model of Technology Acceptance Model by integrating the diffusion of innovation theory. Based on an online survey, the conceptual model was tested and validated using structural equation modeling. The results showed that compatibility had a significant impact on blockchain use in smart learning environments. Other significant effects were also found on adoption of blockchain technology. This study offers an expanded Technology Acceptance Model for implementing blockchain that could assist decision makers in building a smart learning environment for the educational institutes for the emerging economies.