How Can SMEs Boost Trust Through Third-Party Means? Tracing the Multi-Dimensional Institutional Basis of Online Trust

Abstract

Consumers are reluctant to engage in e-commerce, due in part, to a lack of trust in the emerchants, in the e-commerce technology and in the business process. Few prior studies investigating consumers' trust behaviour in relation to e-retailers have addressed different combinations of third-party services and third-party platforms. However, the importance of both of these to the cross-border ecommerce market is self-evident. This paper aims to explore the development of institutional trust in platforms based on the level of the third-party services provided and ultimately, to develop a complete study of online transaction intentions as driven by the platform institutions. An online survey was conducted to collect the data, and 445 respondents completed and returned the questionnaire. Based on the structure of the data, partial least squares structural equation modelling was used to assess the effects of specific factors on institutional trust and on initial trust. Preliminary findings suggest that third-party logistics, payments and certification significantly enhance consumers' trust in an online platform system and in turn, their trust in the e-retailers. Furthermore, the perceived usefulness of a platform and the trustworthiness of word-of-mouth comment can both significantly influence online trust. The study builds an extended online trust model to explore in greater detail. On the one hand, the model will enable platform management to understand users' demands for third-party services better and so improve the platform system. On the other hand, the model can help e-retailers to form a comprehensive understanding of the third-party platform system, and it can guide them in making use of a platform to improve their sales performance.

Integrating blockchain and ZK-ROLLUP for efficient healthcare data privacy protection system via IPFS

“…Unauthorized agencies may have access to cloud-based systems, which could affect the privacy and security of stored data. Another aspect is that cloud-based approaches fully trust third-party 7 cloud service providers, allowing them to manage access control permissions for patient-generated health data. Healthcare data is very sensitive and cloud providers may utilize it for commercial gain without patient’s consent.…”