research-article

Factors Influencing the Acceptance of Blockchain Technology: Real Estate Industry

Authors:

Angela Siew Hoong LeeAuthors Info & Claims

ICSIM '21: Proceedings of the 2021 4th International Conference on Software Engineering and Information Management

Pages 63 - 67

https://doi.org/10.1145/3451471.3451482

Published: 13 July 2021 Publication History

Abstract

Blockchain is an innovative distributed ledger technology enabling the exchange of value online without the need of a central authority. Blockchain provides a decentralized and trustless network, secured by cryptography and consensus mechanisms. The acceptance of blockchain technology greatly impact the real estate owners, financiers, builders and more. Hence, this study attempts to find out how buyers and sellers of real estates are accepting blockchain technology by integrating and analysing a proposed hybrid model of UTAUT (Unified Theory of Acceptance and Use of Technology) combined with TRI (Technology Readiness Index). This study utilizes a quantitative research method and aims to identify the key influencing factors in the acceptance of blockchain technology. It is crucial to fully comprehend the potential of blockchain technology as it is a new revolutionary technology. This paper proposed a conceptual model that tests the performance expectancy, effort, social influence, facilitating condition, innovativeness, optimism, discomfort and insecurity in influencing the user intention behaviour in accepting blockchain technology. A pilot-test was conducted to test the research model. The results showed that all composite reliability values except for ‘Social Influence’ were found to be above the recommended value of 0.70, suggesting strong indicator reliability of the constructs.

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Cited By

Gandhi Maniam PAcharya NSassenberg ASoar J(2024)Determinants of Blockchain Technology Adoption in the Australian Agricultural Supply Chain: A Systematic Literature ReviewSustainability10.3390/su1613580616:13(5806)Online publication date: 8-Jul-2024
https://doi.org/10.3390/su16135806

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Factors Influencing the Acceptance of Blockchain Technology: Real Estate Industry

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ICSIM '21: Proceedings of the 2021 4th International Conference on Software Engineering and Information Management

January 2021

251 pages

ISBN:9781450388955

DOI:10.1145/3451471

Copyright © 2021 ACM.

Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than ACM must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from [email protected]

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Published: 13 July 2021

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ICSIM 2021: 2021 The 4th International Conference on Software Engineering and Information Management

January 16 - 18, 2021

Yokohama, Japan

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Cited By

Gandhi Maniam PAcharya NSassenberg ASoar J(2024)Determinants of Blockchain Technology Adoption in the Australian Agricultural Supply Chain: A Systematic Literature ReviewSustainability10.3390/su1613580616:13(5806)Online publication date: 8-Jul-2024
https://doi.org/10.3390/su16135806

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