Abstract:Trust is the most important key element in the history of humanity and its success. We see and witness an emerging and exciting technology called Blockchain, eliminating losses caused by anti-trust and relieves pain in our socialbuild environment. Although the atmosphere in business, management, and society today has been heavily altered and involved, trust stays the same. This requirement leads companies in various industries to use new techniques to ensure their customer's business is in safe hands. Unfortun… Show more
“…This adds to the theoretical rigor and extends the understanding of trust dynamics in blockchain, positioning this research as a critical step in translating theoretical concepts into quantifiable insights.Moreover, this study goes beyond the broad strokes of trust in blockchain to uncover the nuanced mechanisms by which transparency and immutability can enhance trust. While the importance of transparency and immutability has been acknowledged in previous studies such asAdigüzel and Krasnokutska (2021), this research delves into specific interactions between these factors and user trust, offering a more detailed and multifaceted view. By elucidating how access to transaction history, details, and the unchangeable nature of records influence trust, it adds depth and complexity to relevant literature.…”
Blockchain technology, celebrated for its transparency and immutability, has emerged as a transformative force across various industries. However, the nuanced mechanisms by which these attributes cultivate user trust remain enigmatic. This study embarks on an empirical odyssey to elucidate the multifaceted relationship between transparency, immutability, and user trust within blockchain platforms, incorporating a gender perspective to enrich the exploration. Through a pre‐registered experimental procedure involving diverse participants, we manipulate the visibility of transaction history and the immutability of records but also the complexity. Our results unveil that both transparency and immutability significantly amplify user trust, with distinct effects observed based on gender. Additionally, we uncover the underlying mediating variables that affect these relationships, providing a textured understanding of the dynamics at play. The findings extend the theoretical frontier in blockchain‐related trust research and furnish valuable insights for practitioners in the design and regulation of blockchain platforms, thus contributing to a more profound comprehension of this burgeoning technology.
“…This adds to the theoretical rigor and extends the understanding of trust dynamics in blockchain, positioning this research as a critical step in translating theoretical concepts into quantifiable insights.Moreover, this study goes beyond the broad strokes of trust in blockchain to uncover the nuanced mechanisms by which transparency and immutability can enhance trust. While the importance of transparency and immutability has been acknowledged in previous studies such asAdigüzel and Krasnokutska (2021), this research delves into specific interactions between these factors and user trust, offering a more detailed and multifaceted view. By elucidating how access to transaction history, details, and the unchangeable nature of records influence trust, it adds depth and complexity to relevant literature.…”
Blockchain technology, celebrated for its transparency and immutability, has emerged as a transformative force across various industries. However, the nuanced mechanisms by which these attributes cultivate user trust remain enigmatic. This study embarks on an empirical odyssey to elucidate the multifaceted relationship between transparency, immutability, and user trust within blockchain platforms, incorporating a gender perspective to enrich the exploration. Through a pre‐registered experimental procedure involving diverse participants, we manipulate the visibility of transaction history and the immutability of records but also the complexity. Our results unveil that both transparency and immutability significantly amplify user trust, with distinct effects observed based on gender. Additionally, we uncover the underlying mediating variables that affect these relationships, providing a textured understanding of the dynamics at play. The findings extend the theoretical frontier in blockchain‐related trust research and furnish valuable insights for practitioners in the design and regulation of blockchain platforms, thus contributing to a more profound comprehension of this burgeoning technology.
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