Blockchain Papers

Martha Wulan Tumangkeng, Pricillia Kawilarang, Lusianah

No abstract is available for this record.

Najah Al-shanableh, Suhaib Anagreh, Ayman Ahmad Abu Haija, Mazen Alzyoud · 10 authors

No abstract is available for this record.

Ramesh Behl, Sourabh Sharma

No abstract is available for this record.

Deepak Kumar, B.V. Phani, Naveen Chilamkurti, Suman Saurabh · 5 authors

Objective: The objective of the article is to comprehensively examine the application and adoption of blockchain technology in SMEs. Recently, blockchain technology has garnered substantial attention owing to its transformative potential across diverse industries. Blockchain represents a decentralized and distributed ledger system that ensures data transparency, security, and immutability. This unique set of attributes has garnered attention from various sectors, ranging from finance and healthcare to supply chain and beyond. While predominant attention has been directed towards its impact on large corporations and financial institutions, the application and adoption of blockchain technology in small and medium-sized enterprises (SMEs) remains a relatively unexplored area. Research Design & Methods: This research utilized a narrative and critical literature review of the existing literature on blockchain technology and SMEs. Findings: We identified the key areas of application and drivers and barriers to SMEs’ adoption of blockchain technology. Supply chain and finance have emerged as primary domains witnessing heightened blockchain implementation. The intricate nature of supply chain operations involving a multitude of stakeholders and the centralized nature of financing with inherent information asymmetry have propelled blockchain adoption within these sectors. However, the complex nature of technology, regulatory uncertainty, and lack of technological capabilities of SMEs have been the barriers inhibiting the widespread adoption of blockchain technology in SMEs. Implications & Recommendations: The insights derived from this study can facilitate the successful design and implementation of blockchain-based solutions for SMEs. Blockchain solution providers must understand and tailor the solutions to SMEs. Blockchain-as-a-service (BaaS) can accelerate flexible application development, expediting blockchain integration in SMEs. Government, regulatory bodies, and SME groups are urged to collaborate in enhancing technological literacy among SMEs, facilitating their capacity to harness the advantages offered by blockchain technology. Contribution & Value Added: This research contributes to the field by shedding light on the underexplored realm of blockchain technology in SMEs. The created taxonomy, examination of adoption drivers and barriers, and the formulated opportunities-challenges framework provide valuable tools for understanding and navigating blockchain technology’s application and adoption-related challenges in SMEs. The identified gaps and proposed areas for future research further contribute to the ongoing discourse in this evolving field.

Chi Bo Wong, Yuqi Liang

No abstract is available for this record.

Allison Sinnott, Kyrie Zhixuan Zhou

No abstract is available for this record.

Muhammad Zeeshan Baig, Dan Stains

No abstract is available for this record.

Élissar Toufaily, Efstathios Polyzos, Mieszko Mazur

No abstract is available for this record.

Luohaotian He

Currently, blockchain technology is finding applications across a broad range of industries beyond its traditional role as a decentralized ledger.A notable area of expansion is in blockchain gaming, which leverages the core attributes of blockchain-transparency, immutability, and decentralization-to address the trust issues traditionally associated with game operators.This paper explores various existing examples of how blockchain technology has been integrated into digital gaming.For a more practical exploration, the author developed a blockchain-based version of the game Monopoly.This adaptation specifically addresses the generation of random numbers, a complex and critical challenge within the blockchain framework.Additionally, the paper delves into other essential facets of blockchain game development, including the design of NFTs(Non-Fungible Tokens ), the creation of security mechanisms for smart contracts, and strategies for optimizing gas usage.These developments underscore the potential of blockchain to transform gaming dynamics by enhancing fairness, security, and player ownership.

Yoshiki Matsubara, Setsuya Kurahashi

No abstract is available for this record.

Muhammed Moshood

No abstract is available for this record.

Seung‐A Annie Jin

The Metaverse, powered by a variety of key innovative technologies including 3D virtual reality (VR)/augmented reality (AR), artificial intelligence (AI), blockchain/cryptocurrency-based non-fungible tokens (NFTs), and the Internet of Things, has been proposed as the future of a virtual universe for education, work, business, and commerce. This research (∑ N = 954) presents the results of three cross-sectional surveys that examine the influence of third-level digital (in)equality and consumer (mis)trust on Metaverse adoption intention. Study 1, focusing on the Metaverse for hybrid education, reports the mediating effect of (mis)trust in the Metaverse on the relationship between the educational dimension of third-level digital (in)equality and behavioral intention to adopt the Metaverse for virtual learning as well as the moderating effect of social phobia. Study 2, focusing on the Metaverse for remote working, reports the mediating effect of (mis)trust in the Metaverse on the relationship between the economic labor dimension of third-level digital (in)equality and Metaverse adoption for virtual working as well as the moderating effect of neo-Luddism. Study 3, focusing on the Metaverse for business, reports the mediating effect of (mis)trust in the Metaverse on the relationship between the economic commerce dimension of third-level digital (in)equality and Metaverse adoption for virtual commerce as well as the moderating effect of blockchain/cryptocurrency transparency perception. This research can provide theoretical frameworks to examine people's hopes and fears about the Metaverse and consequential adoption versus non-adoption of the Metaverse for hybrid education, hybrid remote working, and omni-channel virtual commerce. Practical, managerial, and policy implications for the Metaverse and the NFT market are also discussed.

Aishik Ghosh, Lavanya Lavanya, Vikas Hassija, Vinay Chamola · 5 authors

This survey delves into the convergence of blockchain, Web 3.0 technologies, and the decentralized metaverse, analyzing their combined effects on virtual experiences. The study meticulously examines the decentralized metaverse’s architecture, intrinsic properties, and transformative potential. Central to our analysis is the role of blockchain technology in addressing scalability issues and presenting practical applications in virtual real estate, gaming, and social interactions. Furthermore, we explore consensus mechanisms such as Proof of Work (PoW) and Proof of Stake (PoS), emphasizing their significance in the decentralized framework. The survey also investigates governance models and exceptionally Decentralized Autonomous Organizations (DAOs) and identifies associated challenges, including data security threats and possible mitigation strategies. By incorporating case studies on platforms like Decentraland, Vault Hill, and The Sandbox, we illustrate real-world implementations and emerging trends within the decentralized metaverse. This research highlights the profound implications of decentralized technologies on digital interactions, economies, and governance, marking a pivotal shift towards the Web 3.0 era. It underscores the potential for these technologies to redefine ownership, identity, and social engagement in virtual environments. Moreover, the paper outlines future research opportunities, encouraging further exploration into the integration and advancement of decentralized systems within the metaverse. The survey provides a comprehensive overview of the decentralized metaverse, supported by blockchain and Web 3.0 technologies. It offers valuable insights into the challenges and opportunities within this rapidly evolving domain, paving the way for innovative applications and research directions to shape the future of digital interaction and governance.

Leif Köppelmann, Tobias-Benedikt Blask

No abstract is available for this record.

Fatima Shaukat, Muhammad Shafiq, Atif Hussain

Purpose As a little research has been conducted to understand the factors influencing users’ intentions to adopt blockchain-based telemedicine (BBT), it is important to investigate BBT acceptance as incorporation of blockchain technology can solve telemedicine-related issues. Accordingly, this study aims to investigate the factors influencing behavioral intentions (BI) to adopt BBT. Design/methodology/approach An integrated model comprising the constructs taken from technology–organization–environment framework, technology acceptance model, unified theory of acceptance and use of technology and theory of planned behavior based on their relevance to the context and the objectives of the study has been used for this research. A quantitative approach has been used to test the hypotheses, for which the data was collected from 324 respondents through a self-administered questionnaire. Partial least squares structural equation modeling has been used to test the hypotheses. Findings The results of the study show that relative advantage, perceived usefulness, trust and perceived ease of use have a significant impact on BI to adopt BBT, whereas regulatory support, subjective norms and facilitating conditions do not have any significant impact on the same. Research limitations/implications As the concept of BCT in Pakistan is at its nascent stage and literature regarding this technology’s adoption is also limited, researchers and scholars can apply it to several other fields in Pakistan. For example, this study can be extended to explore the factors influencing blockchain adoption in areas such as education, logistics, transportation, finances and management. This research only considers the direct effects of constructs on BI to adopt BBT and does not consider any mediation and moderations constructs. Future researchers can also study the influence of mediation and moderation constructs on BI to adopt BCT. Originality/value Although studies on the acceptance of telemedicine exist, there is a gap concerning the acceptance of BBT, which the current study helps to bridge. From a practical standpoint, the current study makes a highly valuable contribution toward understanding acceptance factors for BBT projects, leading to help policymakers devise policies to promote telemedicine.

Rasuolė Andrulienė, Aida Mačerinskienė, Alfreda Šapkauskienė, Saulius Masteika · 5 authors

This study aims to investigate consumer intention to pay for services in the travel and tourism industry using cryptocurrencies. This research investigates the impact of technology awareness, motivational factors and consumer attitudes on the intention to pay for tourism services using cryptocurrency by analyzing data collected from 794 respondents in the Baltic countries (Lithuania, Latvia and Estonia). The empirical findings support the extended Technology Acceptance Model (TAM) and confirm that technology awareness, motivational factors and attitudes towards cryptocurrencies have a statistically significant impact on the intention to use cryptocurrencies to pay for tourism services. The results also suggest that technology awareness has an indirect effect on intention through the mediators of motivational factors and attitude, with motivation indirectly affecting intention through the mediator of attitude towards cryptocurrencies.

Khaled Saleh Al-Omoush, Ana M. Gómez‐Olmedo, Andrés Gómez Funes

No abstract is available for this record.

Sangjae Lee, Byung Gon Kim

This study investigates the specific factors affecting the usage intention of distributed ledger technology (DLT), such as availability, diversity and economic value from the perspective of a unified theory of technology acceptance. Users of DLT in public and private sectors were surveyed. Availability and economic value affect performance expectancy, while availability, diversity, and profitability have an influence on effort expectancy. Performance expectancy and transparency have a positive effect on the intention to use DLT which in turn exerts a positive effect on usage behavior. This study provides implications for researchers in that it attempts to investigate the factors affecting the usage intention of DLT based on the extended unified theory of acceptance and encompassing diverse industries that adopt DLT, such as the public, financial, medial, and logistics sectors.

Sun Fan

To facilitate the sustained development of non-fungible token (NFT) platforms and enhance user stickiness, it is imperative to study the factors that affect users’ continuous usage intentions. This research is grounded in the Expectation Confirmation Model and the Information Systems Success Model, and extends these approaches by introducing three elements—economic benefits, perceived trustworthiness, and technological pressure—thereby constructing the research model. Structural equation modeling was employed to analyze data from 304 respondents with experience in using NFT trading platforms. The findings indicate that: (1) technological pressure is positively correlated with perceived ease of use; (2) both service quality and information quality are positively correlated with perceived ease of use and usefulness; (3) perceived ease of use, usefulness, economic benefits, and their impact on individuals and organizations are all positively correlated with continuous usage intention; and (4) system quality is not significantly related to perceived ease of use or usefulness, nor is perceived trustworthiness significantly related to continuous usage intention. Based on these findings, we provide practical recommendations for optimizing NFT platforms and offer guidance for platform developers and operators.

Manaf Al‐Okaily, Dmaithan Almajali, Aws Al-Okaily, Tha’er Majali

Purpose The recent progress of digital accounting has significantly affected businesses’ sustainable production process. Businesses generally use digital accounting applications to automate their operational procedures and increase their corporate efficiencies through improved output quality and sustainability. Consequently, the purpose of this study is to look into the antecedent factors that directly and indirectly influence blockchain technology adoption in the context of digital accounting systems. Design/methodology/approach The data of the current study were obtained from 346 accountants working in information technology companies. Partial least squares structural equation modeling was used to test the research proposal model. Findings The empirical results confirmed that the adoption of blockchain technology is most considerably impacted by perceived usefulness, whereby it was also revealed that perceived ease of use has a direct and indirect effect on blockchain technology adoption. Originality/value According to the researchers’ knowledge, this study addresses a vital research gap in the literature by suggesting a comprehensive research model that can help garner enhanced usage of blockchain technology and its implications in digital accounting systems in the Jordanian context.

Won-jun Lee, Moon‐Kyung Cha

Purpose The non-fungible token (NFT) market has been multiplying in recent years. NFTs are tokens stored on a blockchain network based on smart contract technology that can be used to represent ownership of digital assets and cannot be changed like-for-like. With NFTs, all recorded digital properties can be freely traded and stored with values, making them possible to increase content transactions' privacy and security. In addition, NFTs engender new ways to organize, consume, share and store digital content. Despite the rapid growth of the NFT market, related consumer behaviors have yet to be well-known and relevant academic research results are very scarce. This study aims to explain how NFT fits with blockchain and cryptocurrency and how consumers accept it. This paper also develops a structured causal model with multiple paths to explain the antecedents and attitude variables for NFT acceptance. Design/methodology/approach The data collection was conducted from 542 young consumers in Korea via an online survey. The structural equation modeling method was used to analyze the hypotheses. Findings Attitudes toward technology and assets positively affect NFT purchase behavioral intentions. Additionally, symbolic driver affects behavioral intention directly. Originality/value The results expanded the understanding of the NFT market and consumers, which are still in their early stages. They also provide valuable insights for establishing future market strategies for NFT.

Sunita Dwivedi, Shinu Vig

This study aims to understand the challenges in adoption of blockchain technology in higher education institutions in India using the technological-organizational-environmental (TOE) framework. Blockchain brings transparency, efficiency in working systems, and leveraging trust. The benefits of blockchain are multifaceted and might be beneficial to educational institutions. However, the utilization of blockchain technology is presently in its nascent stage within the educational sector in India. This research employed a qualitative methodology involving semi-structured interviews with participants working in higher administration teams and IT teams in private universities in the Delhi-NCR region of India. The responses of the participants were analyzed using thematic analysis. The study found 10 main challenges that were categorized under the three dimensions of the TOE framework.

Zenah Mahmoud AlKubaisy, Sabah Abdullah Al-Somali

The rapid advancements in blockchain technology have heralded a new era for various industries, including the supply chain and logistics. However, despite the promising opportunities, the adoption of blockchain within supply chain and logistics still needs to be explored, especially in Saudi Arabia. This study investigated the impact of technological, organizational, and environmental factors on blockchain adoption among Saudi supply chain and logistics companies. The study also tested cultural compatibility’s moderating role in solving blockchain issues. A quantitative method approach was employed, utilizing a survey questionnaire. Data were gathered from various stakeholders across the industry, including managers, IT experts, and logistics professionals. The findings indicate that relative advantage, top management support, and competitors influence blockchain technology adoption significantly and positively. However, openness to innovation use has an insignificant effect on adoption. Government support demonstrates the strongest positive influence on blockchain adoption, whereas vendor orientation and support showed an insignificant impact. Both blockchain technology adoption and the cultural compatibility of blockchain solutions significantly enhance operational excellence, but the moderating effect of cultural compatibility of blockchain solutions shows no effect on operational excellence. This study stands out as one of the first explorations into blockchain adoption in the supply chain and logistics sector within the Saudi context, identifying the factors contributing to blockchain’s successful implementation for operational excellence.

Nattapong Robkob, Sumaman Pankham

Purpose: The purpose of this study is to assess the impact of social media on perceptions and investment intentions regarding cryptocurrency, using the Fuzzy Delphi Method (FDM) and the Technology Acceptance Model (TAM). Theoretical Reference: The theoretical framework for this study is based on the Fuzzy Delphi Method (FDM) for gathering expert feedback and the Technology Acceptance Model (TAM) for understanding the acceptance of technology. Method: The method involved collecting responses using a 7-point Likert scale and a panel of eight experts who reviewed and approved the survey items. The data were analyzed using triangular fuzzy numbering and defuzzification to determine the ranking of each variable. Results and Conclusion: The study found a high level of consensus among experts, with defuzzification values exceeding the α-cut >.5, and the overall threshold value (d) was less than .2, which is within the required threshold for percent consensus of over 75%. All 60 recommended items were deemed suitable for inclusion in a large-scale survey. Implications of Research: The research implies that there is a strong agreement among experts on the factors influencing the perceptions and investment intentions towards cryptocurrency as mediated by social media. This consensus can be used to inform a larger-scale survey and potentially guide investment and marketing strategies in the cryptocurrency domain. Originality/Value: The originality of this research lies in its application of the Fuzzy Delphi Method to the field of cryptocurrency and its combination with the Technology Acceptance Model to understand investment intentions influenced by social media. The value is in providing a methodologically sound basis for further large-scale research and offering insights into expert consensus on the topic.