A blockchain-based trust management framework with verifiable interactions

Pal, Shantanu; Hill, Ambrose; Rabehaja, Tahiry; Hitchens, Michael

doi:10.1016/j.comnet.2021.108506

Cited by 19 publications

(6 citation statements)

References 59 publications

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“…It is critical to understand the ever-changing financial technology landscape in the implementation of blockchain technology in digital payment systems [2,29,30]. Trust is crucial for mitigating perceived risks associated with technology adoption [12].…”

Section: Role Of Trustmentioning

confidence: 99%

“…Figure 3 also shows some prominent factors mentioned in the selected articles that could impact the trust for the adoption. Factors like the quality of the system [19,55,71], design [19,62], immutability [21,52], familiarity [63,65], experience [29][30][31], and awareness [33,62] of the technology, along with others, are factors that could potentially help to strengthen factors such as security, privacy, transparency, and regulation to enhance the trust for the blockchain adoption in digital payment systems.…”

Section: Other Factors Influencing Trustmentioning

confidence: 99%

“…Figure 4 shows some prominent factors mentioned in the selected articles that could impact the acceptance of the adoption. Factors like quality of the transaction cost [38,66], interoperability [77,78], scalability [37], usability [62], and perceived ease of use [21,29,33], along with others, are factors that could potentially help to strengthen the factor mentioned above to enhance the acceptance for blockchain adoption in digital payment systems. Factors like social norms and the social circle were also found to influence the social influence for the acceptance [69].…”

Section: Other Factors Influencing Acceptancementioning

confidence: 99%

“…Furthermore, well-defined regulatory frameworks provide clients with a sense of legal certainty, incorporating measures to protect consumers and address the issue of money laundering [55]. The inherent transparency of blockchain technology is derived from its publicly available ledger and decentralised system [29,40]. This feature enables users to independently verify transactions and uphold the system's integrity.…”

Section: Trust Enhancementmentioning

confidence: 99%

“…Although trust and acceptance are widely acknowledged as crucial, the prevailing literature considers them separately in technology adoption studies. Trust is looked at from a psychological perspective and considered a subjective belief [29] that is based on confidence [3], past experiences [30,31], and evidence [29]. At the same time, acceptance is more of a behavioural intention to use the technology [32,33].…”

Section: Introductionmentioning

confidence: 99%

See 4 more Smart Citations

Factors Affecting Trust and Acceptance for Blockchain Adoption in Digital Payment Systems: A Systematic Review

Norbu,

Park,

Wong

et al. 2024

Future Internet

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Blockchain technology has become significant for financial sectors, especially digital payment systems, offering enhanced security, transparency, and efficiency. However, there is limited research on the factors influencing user trust in and acceptance of blockchain adoption in digital payment systems. This systematic review provides insight into the key factors impacting consumers’ perceptions and behaviours towards embracing blockchain technology. A total of 1859 studies were collected, with 48 meeting the criteria for comprehensive analysis. The results showed that security, privacy, transparency, and regulation are the most significant factors influencing trust for blockchain adoption. The most influential factors identified in the Unified Theory of Acceptance and Use of Technology (UTAUT) model include performance expectancy, effort expectancy, social influence, and facilitating conditions. Incorporating a trust and acceptance model could be a viable approach to tackling obstacles and ensuring the successful integration of blockchain technology into digital payment systems. Understanding these factors is crucial for creating a favourable atmosphere for adopting blockchain technology in digital payments. User-perspective research on blockchain adoption in digital payment systems is still insufficient, and this aspect still requires further investigation. Blockchain adoption in digital payment systems has not been sufficiently conducted from the user’s perspective, and there is a scope for it to be carried out. This review aims to shed light on the factors of trust in and acceptance of blockchain adoption in digital payment systems so that the full potential of blockchain technology can be realised. Understanding these factors and their intricate connections is imperative in fostering a conducive environment for the widespread acceptance of blockchain technology in digital payments.

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Section: Role Of Trustmentioning

confidence: 99%

Section: Other Factors Influencing Trustmentioning

confidence: 99%

Section: Other Factors Influencing Acceptancementioning

confidence: 99%

Section: Trust Enhancementmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Factors Affecting Trust and Acceptance for Blockchain Adoption in Digital Payment Systems: A Systematic Review

Norbu,

Park,

Wong

et al. 2024

Future Internet

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A survey of the state‐of‐the‐art approaches for evaluating trust in software ecosystems

Hou,

Jansen

2024

J Software Evolu Process

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Third‐party software has streamlined the software engineering process, allowed software engineers to focus on developing more advanced components, and reduced time and cost. This shift has led to software development strategies moving from competition to collaboration, resulting in the concept of software ecosystems, in which internal and external actors work together on shared platforms and place their trust in the ecosystem. However, the increase in shared components has also created challenges, especially in security, as the large dependency trees significantly enlarge a system's attack surface. The situation is made worse by the lack of effective ways to measure and ensure the trustworthiness of these components. In this article, we explore current approaches used to evaluate trust in software ecosystems, focusing on analyzing the specific techniques utilized, the primary factors in trust evaluation, the diverse formats for result presentation, as well as the software ecosystem entities considered in the approaches. Our goal is to provide the status of current trust evaluation approaches, including their limitations. We identify key challenges, including the limited coverage of software ecosystem entities; the objectivity, universality, and environmental impacts of the evaluation approaches; the risk assessment for the evaluation approaches; and the security attacks posed by trust evaluation in these approaches.

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Creating Trust Within Population of Evolutionary Computation in an Uncertain Environment Using Blockchain

Satō¹,

Kubo²

2023

Lecture Notes of the Institute for Computer Sciences, Social Informatics and Telecommunications Engineering

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A blockchain-based trust management framework with verifiable interactions

Cited by 19 publications

References 59 publications

Factors Affecting Trust and Acceptance for Blockchain Adoption in Digital Payment Systems: A Systematic Review

Factors Affecting Trust and Acceptance for Blockchain Adoption in Digital Payment Systems: A Systematic Review

A survey of the state‐of‐the‐art approaches for evaluating trust in software ecosystems

Creating Trust Within Population of Evolutionary Computation in an Uncertain Environment Using Blockchain

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