Evaluating the Factors Affecting Behavioral Intention in Using Blockchain Technology Capabilities as a Financial Instrument

Hamed Heidari (), Morteza Moosakhani (), Mahmood Alborzi (), Ali Divandari () and Reza Radfar ()
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Hamed Heidari : Islamic Azad University, Science And Research Branch
Morteza Moosakhani : Islamic Azad University, Science And Research Branch
Mahmood Alborzi : Islamic Azad University, Science And Research Branch
Ali Divandari : University of Tehran
Reza Radfar : Islamic Azad University, Science And Research Branch

Journal of Money and Economy, 2018, vol. 13, issue 2, 195-219

Abstract: The use of technology acceptance models is a way to understand the users' attitude towards new technologies. The present study aimed to investigate drivers affecting the customers' behavioral intention to use blockchain capabilities as a financial instrument using a combination of several technology acceptance models to determine what factors encouraged users to use blockchain capabilities as a financial instrument. Therefore, determinants of the behavioral intention to use blockchain capabilities as a financial instrument were first explored by the literature review, and then the structural equation model was built according to this basis. Results of data analysis indicated that the personal propensity to trust and structural assurance beliefs directly affected the initial trust that in turn, affected the users' behavioral intention. On the other hand, task and technology characteristics directly affected the task-technology fit that in turn, affected the users' behavioral intention. Furthermore, the performance expectancy directly affected the users' behavioral intention. Results of the present research indicated that the intention to use blockchain capabilities as financial instrument came from a social need; and users were keen to use blockchain despite some limitations of this technology.

Keywords: Blockchain; Personal Propensity to Trust; Structural Assurances Beliefs; Task Characteristics; Task-Technology Fit; Performance Expectancy (search for similar items in EconPapers)
JEL-codes: G02 (search for similar items in EconPapers)
Date: 2018
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