Hybridizing cost saving with trust for blockchain technology adoption by financial institutions

Ullah, Nazir; Al-Rahmi, Waleed Mugahed; Alfarraj, Osama; Alalwan, Nasser; Alzahrani, Ahmed Ibrahim; Ramayah, T.; Kumar, Vikas

doi:10.1016/j.teler.2022.100008

Cited by 32 publications

(19 citation statements)

References 85 publications

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“…Menurut Dash et al (2021) dalam penelitiannya mengatakan bahwa terdapat korelasi langsung antara kepercayaan institusional dan kebahagiaan. Demikian pula kepercayaan institusional juga didapatkan berhubungan langsung dengan kepuasan hidup dan kesejahteraan konsumen (Ullah et al, 2022). Sedangkan penelitian terdahulu oleh Sung & Kim (2010) mengemukakan bahwa faktor penting dalam kesuksesan pemasaran dan hubungan timbal balik dengan masyarakat yaitu berbekal konseptualisasi pembentukan kepercayaan mereka terhadap lembaga atau institusi.…”

Section: General Trustunclassified

From Cash to Central Bank Digital Currency: Can Gen Z Adopt It?

Khoirunnisa,

Azka,

Shofiatin

2024

EJAVEC

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This study aims to examine the intention of youth in Indonesia to adopt Central Bank Digital Currency (CBDC). A sample of 285 respondents was analyzed using SEM-PLS and in-depth interviews. The results of the study found that involvement facilitation, institutional trust, and technology trust had a significant effect on youth's intention to use CBDC. These findings emphasize the importance of building trust in technology and institutions, as well as increasing public confidence in the ability of central banks to launch and regulate CBDC systems. Empirical evidence also shows that facilitation and literacy provided by the authorities need to be a significant focus in addressing potential barriers to technology use among the public. Furthermore, there are maximum literacy facilities and consultation given can increase public confidence in CBDC provider authorities to continue to develop technology to the fullest.

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Section: General Trustunclassified

From Cash to Central Bank Digital Currency: Can Gen Z Adopt It?

Khoirunnisa,

Azka,

Shofiatin

2024

EJAVEC

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Section: Blockchain Technology As a Tool For Boosting Financial Savingsmentioning

confidence: 99%

“…According to Ullah et al (2022) blockchain technology can handle financial activities more efficiently than the previous approach. Ullah et al (2022) also suggested that earlier research findings demonstrate that e-commerce and self-service technologies can help reduce transaction costs. The use of cutting-edge, game-changing technology has the potential to reduce transaction costs, such as those associated with data encryption for example, as well as distribution costs like those associated with e-logistic services.…”

Section: Blockchain Technology As a Tool For Boosting Financial Savingsmentioning

confidence: 99%

Block chain technology for digital financial inclusion in the industry 4.0, towards sustainable development?

Mhlanga

2023

Front. Blockchain

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There is a lot of hope that blockchain technology may be used to standardize money transactions and increase access to banking. It is believed that regulators and industry professionals have looked into the possibility of using blockchain technology to modernize and even replace the infrastructure that currently supports international payments and remittances, such as correspondent banking, in order to ensure that transactions can be verified and recorded using blockchain technology in a distributed ledger. The purpose of this study was to analyze how blockchain technology has helped to include previously underserved populations in the mainstream financial system, and to remark on the best practices and lessons learned from sustainable development. Using a systematic literature review, the study discovered the many ways in which blockchain technology can facilitate digital financial inclusion, including its application in financial transactions, its utility as a tool for increasing financial savings, its use in the provision of credit, and its application in the provision of insurance. According to the findings, even though the global goals do not specifically target financial inclusion, providing access to financial services for the majority of the population is a critical enabler for several of the global goals. Therefore, the study concluded that sustainable development can be ensured on many fronts if the technology behind blockchains can be successfully used to improve financial inclusion. If governments, especially in developing countries, are serious about increasing citizens’ access to financial services, they must prioritize blockchain investment.

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“…A BCT is the brainchild of Sakashi Nakamoto [4]. The vast scope of BCT allows for incredible features in a variety of industries.…”

Section: Distributed Ledger Technologymentioning

confidence: 99%

Understanding the Blockchain adoption in the energy trading system for COVID-19 and beyond

ullah

2023

Second International Conference on Sustainable Technology and Management (ICSTM 2023)

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Blockchain technology (BCT) is altering the Energy trade and leading to an upsurge in the contemporary Energy trading system. Like in developed states, BCT is essential to improve the traditional energy trading systems in developing states for COVID-19 and beyond. This study aim is to examine the significant constructs that impact a user’s intention to adopt BCT for Energy firms. The proposed model is based on the integration of TAM constructs with Information System Success Theory (ISS) and Theory of Planned Behavior (TPB), using structural equation modeling. Based on the study findings, all constructs except (service and system quality on perceived usefulness and attitude on intention to use) were found to have a significant influence during the distributed ledger technology (DLT) adoption for COVID-19 and beyond. Consequently, the subsequent implications are assessed for post pandemic, although with obvious restrictions.

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Hybridizing cost saving with trust for blockchain technology adoption by financial institutions

Cited by 32 publications

References 85 publications

From Cash to Central Bank Digital Currency: Can Gen Z Adopt It?

From Cash to Central Bank Digital Currency: Can Gen Z Adopt It?

Block chain technology for digital financial inclusion in the industry 4.0, towards sustainable development?

Understanding the Blockchain adoption in the energy trading system for COVID-19 and beyond

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