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Intention to Accept Smart Contracts Based on Blockchain Technology in Vietnamese Businesses

Thi Hong Nhung Vo, The Huu Chau () and Quan Tri Dang
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Thi Hong Nhung Vo: Faculty of Business Administration, HCMC University of Foreign Languages–Information Technology
The Huu Chau: HCMC University of Foreign Languages––Information Technology
Quan Tri Dang: Faculty of Business Administration, HCMC University of Foreign Languages–Information Technology

A chapter in Disruptive Technology and Business Continuity, 2024, pp 119-133 from Springer

Abstract: Abstract Blockchain technology's recent rapid growth has caused a significant impact on several industries such as logistics, banking, and construction. Since its introduction in 1994 through up to the present, smart contracts based on decentralized ledger data have assisted businesses in resolving several unresolved issues between parties engaged in cooperative activities. Therefore, this study aims to identify the variables influencing firms’ intentions to use smart contracts in Vietnam. It has been confirmed from the research that considerable influence on Vietnamese enterprises’ intention to accept smart contracts use is demonstrated through three out of nine hypotheses, i.e. Government support (GOV), Trading Partner Pressure (TPP), and Relative advantage (ADV), whose levels of impact decrease, respectively. The study’s limitation lies in its focus on some specific places in spite of the country’s large territory and the number of respondents to the survey. It is suggested that future research should take these two factors into consideration for more significant findings.

Keywords: Smart contracts; Blockchain; TOE framework; Use intention (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-97-5452-6_9

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DOI: 10.1007/978-981-97-5452-6_9

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