Using UTAUT for Blockchain Assessment

Using UTAUT for Blockchain Assessment

Andrew Mangle
Copyright: © 2022 |Pages: 9
DOI: 10.4018/IJoSE.292444
OnDemand:
(Individual Articles)
Available
$37.50
No Current Special Offers
TOTAL SAVINGS: $37.50

Abstract

With over 1,000 public and private Blockchains (coinmarketcap.com, 2020), an acceptance model can facilitate an objective and comparative assessment of existing and future solutions. The novelty of this paper is a new methodology of assessing blockchains using the Unified Theory of Acceptance and Use of Technology (UTAUT) (Venkatesh et al., 2003) alongside the distinguishing characteristics of blockchain implementations: trust, utility, and support. The paper distinctly aggregates existing approaches to present a concise assessment model. The distinguishing characteristics of trust, utility, and support in the context of UTAUT are beneficial for comparing and evaluating the myriad of blockchain implementations. The research encourages the examination of existing and future solutions using the UTAUT-focused attributes. The study has broader implications for blockchain solutions by providing contextual constructs necessary for acceptance and use.
Article Preview
Top

Literature Survey

Blockchains emerge, evolve, and fork over time. Bitcoin (Nakamoto, 2008) and Ethereum (Buterin, 2013) demonstrate the dynamic nature of blockchains. The capabilities and unique distinctions of blockchain have become a source of interest for enterprises. Multiple taxonomies to classify and explain the fundamentals of blockchain are available in literature (Tasca and Tessone (2017), Xu et al. (20017), Yaga et al. (2018). Taxonomies offer definitions including common architecture and core terms to compare blockchains. The taxonomies serve as a foundation for further research into the technology but not for assessment. Subsequent studies have compared various blockchains and their attributes (Valenta and Sandner, 2017; Pongnumkul et al., 2017). Emerging research has provided an opportunity to leverage taxonomies and preliminary blockchain analysis to propose an assessment framework. Based on the available literature, this study offers a method of evaluation using taxonomies, analysis, and Information Systems theory. The literature demands research into blockchain platforms to aid the measurement and assessment of value for the industry. Risius and Sphrer (2017) state, “Regrettably, very little research has empirically investigated the strategies and tactics applied by companies or industries when working on a new blockchain solutions or action on existing blockchains” (pg. 399).

Complete Article List

Search this Journal:
Reset
Volume 6: 1 Issue (2024): Forthcoming, Available for Pre-Order
Volume 5: 2 Issues (2022): 1 Released, 1 Forthcoming
Volume 4: 2 Issues (2021)
Volume 3: 2 Issues (2020)
Volume 2: 2 Issues (2019)
Volume 1: 2 Issues (2018)
View Complete Journal Contents Listing