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    Exploring the determinants affecting the usage of blockchain-based remittance services: an empirical study on the banking sector
    (2024-01-01)
    Mansoor, Muhammad
    ;
    Abbasi, Amir Zaib
    ;
    Abbasi, Ghazanfar Ali
    ;
    Ahmad, Sheraz
    ;
    Hwang, Yujong
    The industrial revolution 4.0 has pushed the banking sector to bring transparency in their financial transactions, especially in sending and receiving remittances. This study identifies the factors that affect the user's behaviour in the adaptability of blockchain technology (BT). The unified theory of acceptance and use of technology (UTAUT) with two additional factors comprising trust and transparency is used in the current study. The data of 240 respondents from the banks of Pakistan were tested through the PLS-SEM and fsQCA. The study results show that performance expectancy, effort expectancy, trust in BT, transparency in BT and the facilitating condition positively affect, while social influence negatively affects the behavioural intention towards BT. This study extends the application of the UTAUT model with two dimensions (e.g., trust and transparency) to identify the factors that predict bankers' intentions and their subsequent effect on the overall use of blockchain-based remittance services in Pakistani banks. In addition, we extend this study by combining symmetric (i.e. PLS-SEM) and asymmetric (i.e. fsQCA) techniques to generate significant implications for banks that provide blockchain-based remittance services. The asymmetric findings also provided bankers with two models (recipes) that have a greater potential for predicting bankers' use of blockchain-based remittance services.
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    Understanding Stakeholders Needs for Using Blockchain Based Smart Contracts in Construction Industry of Thailand: Extended TAM Framework
    (2020-06-01)
    Chaveesuk, Singha
    ;
    Khalid, Bilal
    ;
    Chaiyasoonthorn, Wornchanok
    Traditionally, the contractual transactions between untrusted parties were generally carried out in a centralized form, requiring a trusted third party to act as a witness, and make them legally binding, enforceable and trustful. However, the process of involving a third party is associated with high expenses and delays. The Blockchain technology has been developed to address these issues, by allowing parties to enter into contractual agreements without involvement of third parties. The contract allows conducting of trusted agreements and transactions between unknown parties without the need of having an enforcement mechanism, trusted third party or legal system. In the construction sector, the smart contracts would help eliminate the slow, expensive and brittle transactions, associated with integrity and transparency issues due to potential records manipulation of the traditional contracts. This study focused on designing a blockchain smart contract adoption model and understanding stakeholders' needs for using blockchain-based smart contracts in construction industry. The study proposed the extended Technology Acceptance Model, which illustrates the constructs around the adoption and use of the blockchain smart contracts in Thailand construction sector. The model suggests that factor such as perceived financial costs, facilitating conditions, trust and readiness has influence on the construct of perceived usefulness (PU) and perceived ease of use (PEOU), which affects the behavioral intention to use the blockchain smart contracts in construction industry of Thailand.