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http://dx.doi.org/10.21219/jitam.2020.27.3.001

A Study on the Acceptance Intention and Usage Behavior of Blockchain Technology : From the Perspective of Unified Theory of Acceptance and Use of Technology  

Kim, Byung-Gon (Business Administration, Namseoul University)
Lee, Byeong-Gil (Graduate School, Namseoul University)
Yoon, Il-Ki (Business School, Namseoul University)
Publication Information
Journal of Information Technology Applications and Management / v.27, no.3, 2020 , pp. 1-18 More about this Journal
Abstract
Recently, following the development of FinTech technology that combines finance and information and communication technology, the need and social demands for a block chain technology-based trading system have increased significantly. In this study, a research model was developed and hypothesized through literature research on the concept of block chain technology, the technology acceptance model, and the unified theory of acceptance and use of technology. The research theories were tested by collecting data through surveys and analyzing the collected data. This study conducted empirical research to identify the factors influencing the user acceptance intention and utilization behavior of the block chain technology in introducing the block chain technology. First, factors affecting the acceptance intention of the blockchain user were performance expectation, effort expectation, social impact, and blockchain transparency variables. Second, the facilitation conditions and stakeholder confidence variables were analyzed as factors that did not affect the acceptability of the blockchain users. Third, variables such as blockchain transparency, stakeholder trust and intention of acceptance are factors that affect the usage behavior of the blockchain. Fourth, it was confirmed that the acceptance intention had a very high explanatory power on usage behavior of Blockchain technology.
Keywords
Blockchain; Unified Theory of Acceptance and Use of Technology; Performance Expectations; Effort Expectation; Social Impact; Blockchain Transparency; Stakeholder Trust; Acceptance Intention; Usage Behavior;
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