Blockchain Papers

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Jan 15, 2021·International Supply Chain Technology Journal
8 cites
Blockchain in Automotive Supply Chain

Authors unavailable

This paper describes a summary of info flows and technology, allowing the supply chain within the automotive industry. The supply base of many motorized manufacturers is being restructured, with great consequence for the way dealers connect with their automotive partners. Electronic data interchange (EDI) is by far the most common communication technique used in automotive manufacturing, though new approaches are used as well. All these methods and how they support the information flows are explained in more detail. Companies attempt to companies are trying to find ways to recover their elasticity and responsiveness and in turn competitiveness by changing their operations plan, methods and skills that include the implementation of Supply Chain Management (SCM) paradigm. Hence, Blockchain can enhance the agility of SCM. However, blockchain's impact on SCM is not equivalent. In this paper, we specify the areas that are blockchain effects on the automotive supply chain and evaluate it.

Blockchain Technology Applications and Security
Supply Chain and Inventory Management
Technology Adoption and User Behaviour
Original source
Jan 12, 2021·Asia Pacific Journal of Marketing and Logistics
54 cites
Co-creating blockchain adoption: theory, practice and impact on usage behavior

Lobel Trong Thuy Tran, Phuong Thanh Nguyen

Purpose Given the growing importance of blockchain technology (BT), the authors use the unified theory of acceptance and use of technology (UTAUT), which posits that BT adoption intention depends on the complementarity between UTAUT and blockchain transparency (BTRAN) and examine it in a new setting: the boundary condition of perceived helpfulness. Design/methodology/approach The authors review the major conceptual literature on both UTAUT and BT to identify their principal common factors. They examine the complementarity between UTAUT and BTRAN and further test the moderating effect of perceived helpfulness. The authors used the PLS technique for data analysis because this technique can test the direct and interaction effects. Findings The complementarity between UTAUT and BTRAN strongly affects BT adoption intention. The authors further show that perceived helpfulness moderates the relationship between adoption intention and usage behavior. At high levels of perceived helpfulness, usage behavior increases rapidly with adoption intention. Originality/value The results indicate that UTAUT is a valuable theory to identify the determinants of adoption intention, confirming its robustness in blockchain-enabled supply chain management. The combination of UTAUT and BTRAN can contribute a plausible approach to the strategy literature: the complementarity effect might create more benefits than adopting a single practice.

Technology Adoption and User Behaviour
Digital Platforms and Economics
Blockchain Technology Applications and Security
Original source
Jan 1, 2021·2021 21st ACIS International Winter Conference on Software Engineering, Artificial Intelligence, Networking and Parallel/Distributed Computing (SNPD-Winter)
8 cites
A Study on Blockchain Application in Donation Platform

Wooyoung Lee, Duk‐jin Kim, Byeong Ryun Jeon

Recently, interest in the spread of the culture of sharing has been increasing at a social level due to the deepening income polarization, poverty, and the rapid growth of civil society and the importance of public interest activities of private organizations. In 2016, the National Statistical Office conducted a survey on changes in donation attitudes and recognition of donations, items that took up a large part in the area for the spread of the overall donation culture were the convenience of donation methods and the enhancement of transparency of donation organizations. The existing donation system is a way for donors to donate directly to several donor organizations. However, this method has its disadvantage: it is difficult for donors to see how their donations are spent. To address the convenience of such donation methods, based on the platform that is the core of the fourth industrial era, it enables unrestricted interaction in the network environment such as mobile or PC, inducing open participation in talent donation to the general public. Blockchain is a data forgery/modulation prevention technology based on distributed computing technology. Because the block chain records continuously changing data on all participating nodes, it is impossible to arbitrarily manipulate the data by the operators of distributed nodes. Blockchain technology is in the spotlight because it can secure transparency in transactions. In this paper, to solve these problems, we try to introduce the block chain technology into the donation system.

Technology Adoption and User Behaviour
Innovation in Digital Healthcare Systems
Diverse Approaches in Healthcare and Education Studies
Original source
Jan 1, 2021·Atlantis Highlights in Computer Sciences/Atlantis highlights in computer sciences
24 cites
Blockchain Technology Adoption by Malaysian Higher Education Institutes: A Perspective of Integrated Tam Model and Toe Framework

Waleed Iftikhar, Daniel Mago Vistro, Zunair Mahmood

The purpose of this research is to identify and investigate the factors that influence Blockchain technology adoption in Malaysian higher education sector. This research has proposed a theoretical framework for Blockchain technology adoption based on Integrated TAM model and TOE framework constructs. The seven factors examined in this research are relative advantage, perceived ease of use, perceived usefulness, scalability concern, top management support, competitive pressure and regulatory policy. Factors are categorized in the Technological, organizational and environmental context. A questionnaire-based survey was used to collect the primary data for this research, from five Malaysian higher education institutes. Hypothesis for this research were derived using the proposed research framework and previously published literature, and further tested using multiple linear regression. The findings of the statistical analysis reveal that, perceived usefulness, competitive pressure and top management support have a significant and positive influence on Malaysian higher education institutes intention to adopt Blockchain technology. This research was performed in the Malaysian higher education sector, so this may limit the generalizability of the relevant findings. The findings of this research provide a better understanding of which technological, organizational and environmental factors affect the Blockchain adoption process in the Malaysian higher education institutes. This research contributes to the theoretical body of knowledge of the technology adoption, by examining unique external variables with an integrated TAM model and TOE framework approach.

Open access
Blockchain Technology Applications and Security
Technology Adoption and User Behaviour
Blockchain Technology in Education and Learning
Original source
Jan 1, 2021·Complexity
23 cites
Factors Affecting the Adoption of Blockchain Technology in the Complex Industrial Systems: Data Modeling

Chengyue Yu, M. Prabhu, Mahendar Goli, Anoop Kumar Sahu

Nowadays, Blockchain Technology (BCT) is contributing toward addressing the challenges of complex industrial systems (CISs). The BCT reduces the complexity of cash data storage as well as retrieval system of finance, marketing, supply chain, inventory, and other departments. The objective of the present study is to investigate the factors, which affect the intention of professionals to adapt the BCT in the CISs by using an extension of the technology acceptance model. To fulfill the research objective, a theoretical research model is constituted by multiple hypotheses (H1–H6), i.e., perceived usefulness, perceived ease of use, perceived innovativeness, knowledge, risk, and trust after conducting the relevant literature survey in the context of BCT. Next, each hypothesis is tested by exploring the survey data of a sample of 287 professionals of different BCT user’s companies such as retailing, e‐commerce, manufacturing, and construction. Survey data is analyzed by executing the structural equation modeling with AMOS software. The factors and latent constructs loadings, reliability, convergent, discriminant, model fit‐measurement, structural model, and the path analysis are conducted. The results reveal that the H1, H2, and H4–H6 dropped the positive impact and effect on professionals’ intention to use the BCT in CISs. But, H3 has no effect for enhancing the intention of professionals to use BCT.

Open access
Blockchain Technology Applications and Security
Technology Adoption and User Behaviour
Innovation Diffusion and Forecasting
Original source
Jan 1, 2021·Journal of international technology and information management
29 cites
Exploring Factors Influencing Adoption of Blockchain in Accounting Applications using Technology–Organization–Environment Framework

Sujata Seshadrinathan, Shalini Chandra

Blockchain is one of the most promising technological innovations of recent times, with the potential to change the very way information systems are used by the accounting function. It is however expected to be disruptive and yet to see high adoption rates. Identification of factors influencing the adoption is required to empower the accounting fraternity to harness the full potential of blockchains. This study is one of the first to inductively explore and develop an adoption model for blockchains as well as for accounting applications with theoretical groundings in the Technology-Organization-Environment (TOE) framework, which has been extended with a variable for trust. Triangulation of methods and data sources used in this study contributed to the depth of research and understanding. A comprehensive literature review was first conducted. Its results were further enhanced using the encoding methodology, based on which influencing factors were identified and a model for adoption was developed. A qualitative exploratory study was undertaken next on twelve organizations at the cusp of adoption for accounting applications. Eight significant factors influencing the adoption thus identified are: relative advantage, uncertainty, top management support, technology readiness, industry, regulatory environment, competitive pressure and trust. The study contributes to revealing the relevance of blockchain to accounting while highlighting potential disruptions to enable better evaluation of the technology for adoption. The results may have limited generalizability, which may be overcome through a quantitative study in the future.

Open access
Blockchain Technology Applications and Security
Technology Adoption and User Behaviour
FinTech, Crowdfunding, Digital Finance
Original source
Jan 1, 2021·AIP conference proceedings
20 cites
Behavioural intention to adopt blockchain technology in Bangladeshi banking companies

Mohammad Rokibul Kabir, Md. Aminul Islam

Banking is a business of trust and transparency. Unfortunately, recent financial scams in the banking industry of Bangladesh have thrown a big question in terms of reliability and transparency. On the other hand, the emergence of blockchain technology has created new hope in terms of ensuring transparency in the baking system. However, before implementing any new technology, it is essential to understand the stakeholders’ intention to adopt it. This study is an attempt to explain the factors driving the intention to adopt blockchain in the banking industry. Though, there much behavioural theory to explain technology adoption, extended Technology Acceptance Model (TAM) is used in this research because of its proven record in explaining technology acceptance. The research is conducted with the bank employees as the respondents. A total of 300 questionnaires have been distributed while 215 useable questionnaires were found for the analysis of this study. Two internal factors, as seen in the original TAM called perceived usefulness and ease of use, are found significant in describing the intention to adopt blockchain. On the other hand, two additional external variables called social influence and trust are analyzed. Trust is found to be significant, while the social influene was not statistically significant in this regard. The four independent variables together explain 48% variation in the intention to adopt blockchain technology for the banking industry. The implication of this research is significant. If the banks intend to adopt and operate blockchain, this research will provide them with a good picture of what managerial actions are essential for its adoption.

Blockchain Technology Applications and Security
Technology Adoption and User Behaviour
Organizational and Employee Performance
Original source
Jan 1, 2021·Proceedings of the ... Annual Hawaii International Conference on System Sciences/Proceedings of the Annual Hawaii International Conference on System Sciences
24 cites
Factors Affecting the Organizational Adoption of Blockchain Technology: An Australian Perspective

Muhammad Saleem Malik, Mehmood Chadhar, Madhu Chetty

Blockchain Technology (BCT) is a novel innovation that has the potential to transform entire sectors, for instance, supply chain, energy, finance, and healthcare. However, despite the potential and the wide range of benefits reported, organizational adoption of BCT is low in several countries including Australia. Some studies investigated the adoption of BCT in different countries, however, there is a lack of research that examines the organizational adoption of BCT in Australia. This study fills this gap by exploring the factors, which influence BCT adoption among Australian organizations. To achieve this, we used an interpretative qualitative research approach based on the Technology, Organization, and Environment (TOE) framework and the Institutional Theory. The findings show that organizational adoption of BCT in Australia is influenced by perceived novelty, complexity, cost, and disintermediation feature of BCT; top management knowledge and support; government support, customer pressure, trading partner readiness, and consensus among trading partners.

Open access
Blockchain Technology Applications and Security
Technology Adoption and User Behaviour
FinTech, Crowdfunding, Digital Finance
Original source
Jan 1, 2021·International Journal of Commerce Finance and Digital Economy
0 cites
Cryptocurrency Adoption Trends in Retail Finance

Karthik Raman

Cryptocurrency, powered by blockchain technology, is transforming retail finance by introducing decentralized payment systems and alternative financial instruments. This study examines the technological, economic, behavioral, and regulatory factors influencing cryptocurrency adoption among consumers and businesses. Cryptocurrencies such as Bitcoin, Ethereum, and stablecoins offer benefits including faster transactions, cross-border payments, greater transparency, and reduced reliance on centralized intermediaries. However, challenges such as price volatility, regulatory uncertainty, cybersecurity risks, limited merchant acceptance, and low consumer awareness continue to hinder widespread adoption. Using a conceptual research framework, the study analyzes factors such as perceived usefulness, security, trust, ease of use, financial benefits, and regulatory support. The findings indicate that cryptocurrency adoption is gradually shifting from speculative investment toward practical applications, including digital payments, cross-border settlements, loyalty programs, and decentralized financial services. Stablecoins and blockchain-based payment solutions show greater potential for retail finance due to their stability and usability. The study concludes that successful cryptocurrency integration requires a balance between innovation, security, regulatory compliance, and consumer trust, while improved regulations and financial education are essential for sustainable adoption.

Open access
Blockchain Technology Applications and Security
FinTech, Crowdfunding, Digital Finance
Technology Adoption and User Behaviour
Original source
Jan 1, 2021·E3S Web of Conferences
2 cites
Research on Promotion of Consumers’ Application of After Service in Online Shopping Based on Evolutionary Game Theory-- Introduction of Smart Contract

Hongzhen Lei, Di Lu, HongHong Zhang

In order to research how to promote online shopping consumers’ application of after service, build an evolutionary game model of both consumers and e-stores. This paper introduces the variables of supervision and punishment, tries to introduce the smart contract as a powerful service guarantee, and analyzes the influence relationship of variables between the two players and their strategic choices. This paper analyzes the ESS of the system when the relationship among smart contract, revenue, supervision and punishment meets 8 different conditions. Finally, giving suggestions to optimize the after service in online shopping according to the results.

Open access
Digital Marketing and Social Media
Consumer Retail Behavior Studies
Technology Adoption and User Behaviour
Original source
Jan 1, 2021·International Journal of Advanced Computer Science and Applications
3 cites
A Blockchain-based Crowdsourced Task Assessment Framework using Smart Contract

Linta Islam, Syada Tasmia, Mafizur Rahman, Ayesha Aziz · 7 authors

In today’s world, crowdsourcing is a highly rising paradigm where mass people are engaged in solving a problem. Though this system has a lot of advantages, yet people are not interested in working on this platform. Thus, we survey people to find out the constraints of this platform and the main reason behind their unwillingness. 59% of people think that security and privacy is the major challenge of a crowdsourcing platform. Therefore, we propose a blockchain-based crowdsourced system which can provide security and privacy to the user’s information. We also have used a smart contract to verify the task so that the users get the exact output that they have wanted. We implemented our system and compared the performance with the existing systems. Our proposed approach outperforms the current methods in terms of cost and properties.

Open access
Blockchain Technology Applications and Security
Mobile Crowdsensing and Crowdsourcing
Technology Adoption and User Behaviour
Original source
Jan 1, 2021·AIP conference proceedings
5 cites
Unified theory of acceptance and use of technology model for user acceptance analysis of Bitcoin

Purbandini, Army Justitia, Alberto Martin Hau

Bitcoin is a virtual currency that has advantages in terms of security because every transaction is governed by a cryptographic algorithm. Bitcoin can be considered a global currency because its use is distributed throughout the country via the internet. Bitcoin is still not very popular in Indonesian society, therefore it will be analyzed how much Bitcoin acceptance in Indonesia uses the Unified Theory of Acceptance and Use of Technology (UTAUT) model. The measured variables are Performance Expectancy, Effort Expectancy, Social Influence, Facilitating Condition, Behavior intention, Use Behavior. The results of the study can be said that the acceptance of Bitcoin among Indonesian people is still low because the results are still below 50%. This study aims to determine the factors that influence the use of Bitcoin on user behavior.

Technology Adoption and User Behaviour
Blockchain Technology Applications and Security
FinTech, Crowdfunding, Digital Finance
Original source
Jan 1, 2021·Advances in intelligent systems and computing
6 cites
Usability Evaluation for Cryptocurrency Exchange

Hyeji Jang, Sung H. Han, Ju Hwan Kim, Kimin Kwon

No abstract is available for this record.

Technology Adoption and User Behaviour
Peer-to-Peer Network Technologies
Innovation in Digital Healthcare Systems
Original source
Jan 1, 2021·International Journal of Information Privacy Security and Integrity
2 cites
A survey on user privacy preserving blockchain for health insurance using Ethereum smart contract

Geethu Mary George, L. S. Jayashree

Blockchain, the foundation of Ethereum, has received greater attention on recent years as a decentralised and distributed public ledger technology that offers different properties like security, privacy, scalability and immutability during online data transactions, reduces cost of transactions, and enables verification and efficient exchange of personnel information across many computers without any trusted parties. The goal of this survey is to propel some methods in preserving user privacy during data transactions using Ethereum smart contract. We analysed the privacy challenges in blockchain and figured out the existing cryptographic mechanisms in preserving the transaction privacy. We also addressed some technique for simplifying claim settlement process in healthcare insurance. By using Ethereum blockchain via smart contract, current challenges in insurance such as being time-consuming, can be avoided thereby preventing insurance frauds and thus improving transparency to all members in-network. It also helps to avoid paper-based contracts, which are prone to errors, and removes the intermediaries. Furthermore, there is still a need to examine and consider future research in order to overcome privacy attacks when using blockchain.

Open access
2 source records
Blockchain Technology Applications and Security
Privacy-Preserving Technologies in Data
FinTech, Crowdfunding, Digital Finance
Original source
Jan 1, 2021·SAGE Open
135 cites
Investigating the Adoption Factors of Cryptocurrencies—A Case of Bitcoin: Empirical Evidence From China

Muhammad Athar Nadeem, Zhiying Liu, Abdul Hameed Pitafi, Amna Younis · 5 authors

The share of electronic transactions in the global payments continues to increase all around the globe. In the recent years, cryptocurrencies (also known as a system of electronic transaction) have caught significant attention from governments, policymakers, and practitioners worldwide. Cryptocurrencies as an innovative method of exchanges without any physical form boast several potential benefits such as speedy transactions, cross-border usage, low transaction fee, transparency, high security, anonymity, and privacy, and thus are expected to bring huge revolution in the future economic system. This study aims to investigate the adoption factors of Bitcoin, a most known cryptocurrency in China. Based on Technology Acceptance Model, a research framework has been developed to test the proposed hypotheses. The data have been collected via a survey questionnaire from 385 Chinese respondents. The findings show that the perceived ease of use and the perceived usefulness have a positive relationship with the intention to use Bitcoin. The perceived usefulness mediates the relationship between the perceived ease of use and the intention to use Bitcoin. Furthermore, the results reveal that the transaction processing and the perceived ease of use have significant impacts on the perceived usefulness. However, the security and control shows an insignificant effect on the perceived usefulness. This study contributes to the growing literature of Bitcoin and offers valuable information to individual users (payees), fund managers (investors), and companies/businesses (receiving Bitcoin as a payment method). Research implications and limitations are also discussed.

Open access
Blockchain Technology Applications and Security
Technology Adoption and User Behaviour
FinTech, Crowdfunding, Digital Finance
Original source
Dec 31, 2020·Global Business Administration Review
3 cites
The Impact of Blockchain Characteristics on Consumer Acceptance Intention: Focusing on the Moderating Effect of Blockchain Service Types

Dae Seon Kang, Yong Bum Kim, Ja Young Choi

본 연구는 블록체인 기술의 고유한 특성을 규명하고 각 특성이 사용자의 수용의도에 미치는 영향이 블록체인 서비스 유형(금융, 게임)에 따라 어떻게 달라지는가를 살펴보고자 하였다. 기술수용이론을 토대로 블록체인 특성(탈중앙성, 보안성, 익명성)과 지각된 유용성, 지각된 사용용이성, 수용의도 간의 관계와 이들 간의 관계에서 서비스 유형의 조절 효과를 분석하기 위하여 구조방정식 모델링을 이용하였다. 실증분석 결과는 다음과 같다. 탈중앙성과 익명성은 지각된 유용성과 지각된 사용용이성에 긍정적인 영향을 미쳤고, 지각된 유용성과 지각된 사용용이성은 수용의도에 긍정적인 영향을 미치는 것으로 확인되었다. 또한 보안성이 수용의도에 미치는 영향력은 게임서비스보다 금융서비스에서 더 큰 것으로 나타난 반면 익명성이 수용의도에 미치는 영향력은 금융서비스보다 게임서비스에서 더 큰 것으로 나타났다. 본 연구의 결과를 바탕으로 기업들이 블록체인 서비스 개발과 사업화의 성공 가능성을 높일 수 있는 시사점을 제안하였다.The purpose of this study is to identify the unique characteristics of blockchain technology and to study the effect of this characteristic on user acceptance. In addition, this study attempted to examine whether the influence of blockchain characteristics on consumer acceptance varies by the type of service such as finance or games. Based on technology acceptance model, This study used structural equation modeling to analyze the relationship between the characteristics of the blockchain (decentralization, security, anonymity), perceived usefulness, ease of use, acceptance intention, and the moderating effect of service types. The results showed that decentralization and anonymity had a positive effect on perceived usefulness and ease of use, and perceived usefulness and ease of use had a positive effect on acceptance intention. In addition, security has a greater impact on financial services than game services, and anonymity has a greater impact on game services than financial services. These results provide implications that many companies can increase the likelihood of success by taking them as a major consideration when commercializing blockchains and developing services.

Technology Adoption and User Behaviour
Consumer Perception and Purchasing Behavior
Diverse Topics in Contemporary Research
Original source
Dec 30, 2020·Current Issues in Tourism
87 cites
Cryptocurrency adoption in travel and tourism – an exploratory study of Asia Pacific travellers

Horst Treiblmaier, Daniel Leung, Andrei O. J. Kwok, Aaron Tham

Blockchain technologies are predicted to substantially transform the tourism industry. At present, cryptocurrencies are the most advanced application of public blockchains that promise benefits such as a universal means of payment and minimal fees through the removal of intermediaries. In the tourism industry, though many tourism vendors have been accepting cryptocurrencies and the potential of using cryptocurrencies in travel-related consumption has been intensively documented, existing knowledge about travellers’ intention to use cryptocurrencies for payment purposes is limited. Traditional models do not account for the idiosyncrasies of cryptocurrencies and are therefore less appropriate to foster the understanding of travellers’ adoption of travel-related payments. To fill this knowledge gap, an exploratory study was conducted with 161 travellers from the Asia-Pacific region who have previously consumed travel-related services with cryptocurrencies. Their previous usage experiences are analysed and reported. Through harnessing the correspondence analysis, several technological contingency factors were identified, as well as positive and negative perceptual antecedents. Additionally, their levels of satisfaction and intention to re-use the technology in future trips were investigated. Based on these findings, several propositions are suggested for guiding future research on travellers’ cryptocurrency adoption in the travel and tourism contexts.

Open access
2 source records
Digital Marketing and Social Media
Consumer Retail Behavior Studies
Technology Adoption and User Behaviour
Original source
Dec 29, 2020·2020 2nd International Conference on E-Business and E-commerce Engineering
8 cites
Model for Predicting Auditor Intention to Adopt Blockchain

Bambang Leo Handoko, Reyner Leonardo Tjandra, Lavie Audy Altriana Mozes, Giovani

We research on the adoption of Blockchain Technology (BC) used by auditors because BC has the power in essentially transform the audit industry. At an early stage we examined the knowledge held by auditors in accounting and audit, their legality of using software of accounting, and their knowledge of BC. We use this aspects because they have positive impact on the auditor's intention to adopt BC. We also examine the auditor's judgment regarding the sample size of the transactions taking into account the concept of materiality. Ultimately, we consider the role of the auditor's degree of professional skepticism (PS), which is defined as a professional standard that critically assesses existing evidence and questions minds. We assume that materiality and Professional Skepticism have a negative impact on BC adoption. Questionnaire to survey was conducted on external auditors, aims to obtain empirical data that can verify our research model. Our research's intention is to analyze extant research about blockchain technology, also assess the impact of blockchain in the audit profession, also to identifies several important components that can influence auditors to adopt BC and provides guidance for research and practice.

Technology Adoption and User Behaviour
Blockchain Technology Applications and Security
Impact of AI and Big Data on Business and Society
Original source
Dec 21, 2020·Sustainability
62 cites
A Study on Sustainable Usage Intention of Blockchain in the Big Data Era: Logistics and Supply Chain Management Companies

Kwang O. Park

The adoption of blockchain technology (BT) is becoming increasingly important to the logistics industry. It is expected to make the entire supply chain process more efficient and competitive by providing visibility, reliability, and economic viability. This study aims to explore factors influencing the adoption of blockchain in the logistics industry and examine the effects of the reciprocal causal relationship between the identified factors. Empirical research aimed at understanding the functional characteristics of BT and bolstering its application is considerably lacking. This study, therefore, aims to examine the concepts and the types of BT based on a literature review related to blockchain. Factors affecting blockchain adoption are identified using a model, which was developed using the unified theory of acceptance and use of technology (UTAUT) and the technology-organization-environment (TOE) frameworks as well as a literature review. The results provide fundamental insights into the adoption of BT in the logistics industry by increasing the understanding of associated factors and underscoring the functional characteristics of this emerging technology.

Open access
Technology Adoption and User Behaviour
Blockchain Technology Applications and Security
Impact of AI and Big Data on Business and Society
Original source
Dec 13, 2020·Saudi Journal of Economics and Finance
8 cites
The Effect of Tweets Made by Cryptocurrency Opinion Leaders on Bitcoin Prices

Shakirullah Hamza

Rapid technological advancements in the last few decades have given rise to various new products and fields, such as cryptocurrencies, social media and sentiment analysis. The massive surge in internet usage has caused organizations and investors to increasingly base their decisions on content placed on social media platforms which are flooded with data from its users. One of those platforms is twitter, a micro-blogging platform which allows people to share their opinions in a limited number of characters. Certain users on these platforms have the ability to influence other users' decision making, including investing. Although stock market prediction through sentiment analysis has been researched often, the amount of research done on prediction Bitcoin prices is relatively low. Furthermore, there is a gap in existing research in which samples are not limited to users that have more knowledge than individual investors. This paper uses sentiment analysis on tweets made be cryptocurrency influencers to see whether they can be used to predict Bitcoin price fluctuations. This paper, additionally researches differences in predictive capabilities between regions and differences in predictive capabilities between a bear and a bull market. The results in indicate that tweets made by cryptocurrency influencers contain statistically significant information about the future value of bitcoin. Thus, analyzing those tweets to exploit profitable opportunities can be worthwhile.

Open access
Technology Adoption and User Behaviour
FinTech, Crowdfunding, Digital Finance
Consumer Behavior and Marketing Influence
Original source
Dec 5, 2020·Journal of Global Operations and Strategic Sourcing
48 cites
Behavioural intention to adopt blockchain for a transparent and effective taxing system

Mohammad Rokibul Kabir

Purpose The purpose of this research is to assess the tax stakeholders’ intention towards the adoption of blockchain technology (BT) for a transparent and effective taxing system in Bangladesh. It examines the factors influencing the behavioural intention of the users to adopt BT with a blended model built on the technology acceptance model (TAM) and self-determination theory (SDT). This research develops a prescriptive model to demonstrate how the stakeholders are interested in adopting BT for the taxing system. Design/methodology/approach Data were obtained through a structured questionnaire from the stakeholders of the taxing system, including tax policymakers, tax commissioners, tax officers, lawyers, tax consultants and the taxpayers. Statistical analyses were performed using partial least square-structural equation modelling. Findings Results reveal that out of the two primary TAM antecedents known as usefulness (PU) and ease of use (PEU), PU has a significant influence on the BT adoption intention. The only cognitive variable called autonomous motivation picked from SDT has a positive and significant impact on BT adoption for tax purpose as well. Finally, trust is found to be another important determinant for explaining stakeholders’ intention to adopt BT for an efficient taxing system where transparency can be ensured. Research limitations/implications The proposed model does not include any moderator though there might be a moderating effect in this regard. The variation described in the behavioural intention to adopt BT by the predictors is half of the total possible variations. Hence, the inclusion of variables such as social influence and controlled motivation could be interesting. Practical implications This study is expected to provide valuable insights into policymaking for tax administrations to enhance the tax collection net and maintain transparency and efficiency in the taxing system. Social implications This research has social consequences for a recently graduated developing economy such as Bangladesh, where transparency and efficiency are a matter of question. Because BT adoption can assure a convenient and favourable environment for the taxpayers upholding the principles of taxation, it can play a significant role by ensuring social justice and equity through a transparent and effective taxing system. Originality/value This research is among the first few studies to address the issue of implementing a modern technology such as BT for an efficient taxing system from a developing country perspective. Furthermore, it combined TAM and SDT to propose a hybrid model for explaining behavioural intention to adopt an emerging technology such as blockchain, which is a new phenomenon.

Technology Adoption and User Behaviour
Taxation and Compliance Studies
Sharing Economy and Platforms
Original source
Dec 1, 2020·Journal of Information System and Technology Management
24 cites
DETERMINANTS OF BEHAVIORAL INTENTION TO USE BITCOIN IN MALAYSIA

Farris Ian Gillies, Chun-Teck Lye, Lee-Ying Tay

Bitcoin is an emerging digital asset and is getting more attention in the media as of writing. Though, despite the regulatory matters, this paper is more concerned with the factors that influence the behavioral intention to use Bitcoin by the Malaysian. Although there are some recent studies on the intention and acceptance of Bitcoin, yet there is limited evidence from Malaysia. Therefore, this study intends on shedding some light on the current stance of the Malaysians on Bitcoin by examining the factors that affect the behavioral intention to use Bitcoin in Malaysia grounded on the Unified Theory of Acceptance and Use of Technology (UTAUT) model. The data was collected using an online self-administered questionnaire through the relevant local Malaysian forums and local cryptocurrency groups. The result shows that performance expectancy has the greatest influence on the users’ behavioral intention to use Bitcoin, followed by other factors such as social influence and facilitating conditions. Additional analysis of variance and moderation analyses show no significant difference in the mean of the behavioral intention between different demographic characteristics, and the interactions of the demographic characteristics and the UTAUT factors also demonstrate an insignificant effect on the behavioral intention to use Bitcoin. The result suggests that the behavioral intention to use Bitcoin by the Malaysian may increase if the use of Bitcoin can provide convenience to the public and businesses, but it is also influenced by the social and facilitating conditions. The result well reflects the main function of Bitcoin, that is as a currency and also as an investment tool. The finding echoes the effort and policies of the government of Malaysia to find an equilibrium between the use and the abuse of digital currencies as a currency, as well as the risks and returns of digital currencies as an investment tool.

Open access
Blockchain Technology Applications and Security
FinTech, Crowdfunding, Digital Finance
Technology Adoption and User Behaviour
Original source