From enfant terrible to problem-solver? Tracing the competing discourse to explain blockchain-related technological diffusion

Perdana, Arif; Lee, W. Eric; Robb, Alastair

doi:10.1016/j.tele.2021.101662

Cited by 6 publications

(6 citation statements)

References 75 publications

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“…Nonetheless, several countries and companies recognize this financial transaction mechanism and have begun to develop their own cryptocurrencies. Therefore, more widespread cryptocurrency adoption is expected upon mitigation of the perceived barriers (Jonker, 2019; Perdana et al , 2021). This study was underpinned by the complexity and configurational theory and presented an integrated understanding of consumers’ cryptocurrency adoption intention by revealing the interplay among UTAUT factors, environmental factors and consumer-related factors.…”

Section: Discussionmentioning

confidence: 99%

“…Nonetheless, the regulation establishment has not progressed with evolving technology, specifically in the fintech sector (Hughes et al, 2019). Consequently, regulatory uncertainties present a significant blockchain adoption barrier, and adequate regulatory support is essential to overcome the mistrust caused by the lack of regulation (Perdana et al, 2021). The speculative and unregulated nature of cryptocurrencies has led to consumers generally viewing cryptocurrencies negatively (they are associated with Ponzi schemes and unregulated ecosystems) (Arli et al, 2020).…”

Section: Social Influencementioning

confidence: 99%

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Cryptocurrencies have arrived, but are we ready? Unveiling cryptocurrency adoption recipes through an SEM-fsQCA approach

Sham

Abdamia

et al. 2023

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Purpose The purpose of this study is to investigate consumers’ cryptocurrency adoption through the unified theory of acceptance and use of technology (UTAUT) and complexity theory. Design/methodology/approach By using a purposive sampling method, a configurational model was developed and a questionnaire-based survey was conducted to gather responses from a Malaysian sample. A total of 223 responses were obtained. Partial least square structural equation modeling (PLS-SEM) and fuzzy set qualitative comparative analysis (fsQCA) were adopted to analyze the data. Findings The PLS-SEM indicated that performance expectancy, effort expectancy, social influence and affinity for technology interaction were positive cryptocurrency adoption predictors, whereas regulation was a negative predictor. Based on the fsQCA, cryptocurrency adoption could be explained by six configurational paths, which comprised combinations of the proposed causal conditions: the UTAUT factors (performance expectancy, effort expectancy, facilitating condition and social influence), environmental factor (regulation) and individual factors (financial knowledge and affinity for technology interaction). Research limitations/implications This study offers contributions to the theoretical body of knowledge by articulating the relevance of extended UTAUT and extending the established UTAUT model by integrating external environment and personal factors, also showing the linear and nonlinear interplays of performance expectancy, effort expectancy, facilitating conditions, social influence, regulation, financial knowledge and affinity for technology interaction. Practical implications The findings facilitated practitioners’ (cryptocurrency brokers, governments and businesses) fostering of cryptocurrency adoption through the joint consideration of different factors. The factors spanned technological attributes and individual characteristics to regulation. Practitioners should acknowledge that different combinations of the aforementioned antecedents can be equally effective to increase cryptocurrency adoption. The findings suggested that these causal conditions should be considered holistically and that there is no best predictor. Social implications In social terms, the research is expected to contribute to the dissemination of cryptocurrencies and help governments and central banks to develop, regulate and supervise digital currencies, as well as in the implementation of a digital currency ecosystem aligned with sustainable development goals. Economically, the results might foster a high cryptocurrency adoption rate and stimulate crypto-token-based business models and investment opportunities that present new means of revenue generation at individual, organizational and national levels. Originality/value This study offers unique perspectives for the body of knowledge and practice in the cryptocurrency domain, using both symmetric and asymmetric methodologies, by delineating the configurational logic involving technological capabilities, social influences, regulation and individual characteristics in facilitating more efficacious dissemination of cryptocurrencies.

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Section: Discussionmentioning

confidence: 99%

Section: Social Influencementioning

confidence: 99%

Cryptocurrencies have arrived, but are we ready? Unveiling cryptocurrency adoption recipes through an SEM-fsQCA approach

Sham

Abdamia

et al. 2023

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“…Data immutability within blockchain may conflict with consumer aspirations for heightened control over their personal information. Future research should focus on consumer attitudes toward autonomy and personal freedom in the context of blockchain technology (Ford et al, 2023;Martin et al, 2022;Perdana et al, 2021). There can be reactance when consumers perceive an unequal power dynamic concerning the rigid privacy measures of the blockchain.…”

Section: Psychological Reactancementioning

confidence: 99%

“…Developments in cyber threats underscore the need to design secure applications addressing data vulnerability with blockchain (Prakash et al, 2022;Walsh et al, 2021). Variations across multiple blockchain application domains make it challenging to organize a uniform path toward developing strategies to prevent data vulnerability (Perdana et al, 2021). As more industries adopt blockchain solutions (Friedman & Ormiston, 2022), the complexity of blockchain networks increases, expanding the scope for unauthorized access to data (Prakash et al, 2022).…”

Section: Digital Vulnerabilitymentioning

confidence: 99%

Addressing challenges of digital transformation with modified blockchain

Liyanaarachchi,

Viglia,

Kurtaliqi

2024

Technological Forecasting and Social Change

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“…The system relies on modern cryptographic proofs for distributed authentication in the DLT. Data are stored in DLT blocks, continuously added, and synced between participating nodes in particular networks (Perdana et al ., 2021). However, governments and regulatory organizations prefer DLT to blockchains.…”

Section: Literature Reviewmentioning

confidence: 99%

Cryptocurrencies in accounting schools?

Marei

Almasarwah

Bahloul

et al. 2023

HESWBL

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PurposeThis study aims to investigate the extent to which newly certified public accountants (CPAs) and accounting graduate students possess a comprehensive understanding of cryptocurrencies and the skills they have acquired throughout their education.Design/methodology/approachA qualitative analysis was used through semi-structured interviews to obtain an in-depth insight into cryptocurrencies, which could not be investigated easily through quantitative methods, and to provide an understanding of the context for cryptocurrencies from CPA and non-CPA students' points of view. This was in addition to focusing on understanding the differences between the students' thoughts.FindingsThis study found that recent accounting graduates and CPA members have the least awareness of cryptocurrencies, likely due to a lack of professors' comprehension or exposure to the concept. However, students involved in forensic courses provided more information about cryptocurrencies compared with other students.Research limitations/implicationsThe data are limited to only a single country. Given that cryptocurrencies are a relatively new notion in accounting, there is an alarming lack of legislation. Further, the authors found that recent accounting graduates and CPAs had the same level of knowledge of cryptocurrencies, most probably due to a lack of exposure during their education and academics' limited understanding of the concept.Practical implicationsThe students' differing answers about cryptocurrencies show differences in their current level of understanding of cryptocurrencies.Originality/valueThis study has identified that the vast majority of accounting graduates lack adequate knowledge about cryptocurrencies or access to adequate resources, despite understanding the fundamental concepts of cryptocurrency.

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From enfant terrible to problem-solver? Tracing the competing discourse to explain blockchain-related technological diffusion

Cited by 6 publications

References 75 publications

Cryptocurrencies have arrived, but are we ready? Unveiling cryptocurrency adoption recipes through an SEM-fsQCA approach

Cryptocurrencies have arrived, but are we ready? Unveiling cryptocurrency adoption recipes through an SEM-fsQCA approach

Addressing challenges of digital transformation with modified blockchain

Cryptocurrencies in accounting schools?

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