Examining the Acceptance of Blockchain by Real Estate Buyers and Sellers

William Yeoh (), Angela Siew Hoong Lee (), Claudia Ng (), Ales Popovic () and Yue Han ()
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William Yeoh: Deakin University
Angela Siew Hoong Lee: Sunway University
Claudia Ng: Sunway University
Ales Popovic: NEOMA Business School
Yue Han: Le Moyne College

Information Systems Frontiers, 2024, vol. 26, issue 3, No 15, 1137 pages

Abstract: Abstract Buying and selling real estate is time consuming and labor intensive, requires many intermediaries, and incurs high fees. Blockchain technology provides the real estate industry with a reliable means of tracking transactions and increases trust between the parties involved. Despite the benefits of blockchain, its adoption in the real estate industry is still in its infancy. Therefore, we investigate the factors that influence the acceptance of blockchain technology by buyers and sellers of real estate. A research model was designed based on the combined strengths of the unified theory of technology acceptance and use model and the technology readiness index model. Data were collected from 301 real estate buyers and sellers and analyzed using the partial least squares method. The study found that real estate stakeholders should focus on psychological factors rather than technological factors when adopting blockchain. This study adds to the existing body of knowledge and provides valuable insights to real estate stakeholders on how to implement blockchain technology.

Keywords: Blockchain; Real estate; Adoption; Factors; Partial least squares method (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s10796-023-10411-8

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