The adoption factors of two-factors authentication in blockchain technology for banking and financial institutions

Ariffin, Nor Hapiza Mohd

doi:10.11591/ijeecs.v26.i3.pp1758-1764

Cited by 4 publications

(7 citation statements)

References 21 publications

(38 reference statements)

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“…However, while these general trends emerged, the importance of specific factors in certain industries and countries was also evident. For example, the banking industry emphasises transaction cost efficiency, security and integrity, and user data privacy [51,55,59]. This reflects the banking industry's unique needs and challenges, particularly in ensuring security and reducing operational costs.…”

Section: Discussionmentioning

confidence: 99%

“…From a country perspective, factors like regulatory support and technology characteristics were more prominent in specific countries such as India and Malaysia [29,30,33,40,44,48,51,59,63,65]. This suggests that the country's contextual factors can significantly shape blockchain adoption, emphasising the need for localised strategies to promote its acceptance.…”

Section: Discussionmentioning

confidence: 99%

“…Organisational factors focus on the internal dynamics of an organisation and its readiness for blockchain adoption [59]. Top management support is crucial for driving organisational change and securing the necessary resources for implementing blockchain solutions [60].…”

Section: Organisational Factorsmentioning

confidence: 99%

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Investigating the Factors Influencing the Adoption of Blockchain Technology across Different Countries and Industries: A Systematic Literature Review

Marengo

Pagano

2023

Electronics

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Despite the reported disruptive nature of blockchain technology in the extant literature, its adoption is slower than its potential. This difference between the technology’s promises and its current adoption has sparked interest in understanding the factors impeding widespread adoption. This systematic literature review (SLR), drawn from 1786 studies published between 2008 and May 2023, seeks to address this gap. Specifically, our research explores the influence of factors and their differences and commonalities on blockchain adoption. The SLR, examining individual and organisational perspectives, identifies 152 unique factors influencing 25 industries across 21 countries. This review also highlights distinct commonalities and variations in these factors across industries and countries. For instance, while regulatory issues and costs were universal concerns, the importance of technical understanding diverged between industries. Furthermore, country-specific factors, including local regulations and cultural aspects, emerged as significantly influenced insights that provide a comprehensive perspective on the dynamics of blockchain adoption, offering valuable guidance to industry practitioners and researchers striving to navigate the complexities of blockchain integration.

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Section: Discussionmentioning

confidence: 99%

Section: Discussionmentioning

confidence: 99%

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Investigating the Factors Influencing the Adoption of Blockchain Technology across Different Countries and Industries: A Systematic Literature Review

Marengo

Pagano

2023

Electronics

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“…A study [38] attempted to examine the role of shari'ah compliance on cryptocurrency acceptance. Additionally, the factors affecting BCT adoption were studied in banking and financial institutions [39], [40]. Two studies focused on adopting BCT in Zakah management [41], [42].…”

Section: Theoriesmentioning

confidence: 99%

Blockchain Technology in Malaysian Context: Bibliometric Analysis and Systematic Review

Bazel,

Ahmad,

Mohammed

2023

Int. J. Adv. Sci. Eng. Inf. Technol.

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Blockchain technology has attracted widespread attention due to its compelling features, such as decentralization, transparency, and smart contracts, which can address significant issues in various industries in developing countries such as Malaysia. However, although several studies have arisen from diverse academic backgrounds addressing blockchain in Malaysia, no studies provide a comprehensive review and classification of the research in this field. The main goal of this research is to conduct a bibliometric analysis and systematic review of all blockchain papers published in Malaysia to understand the evolution of knowledge and present state and identify prospective future research fields. Web of Science and Scopus databases searched for existing literature on blockchain in Malaysia, and 76 papers were reviewed and categorized based on study purpose/focus, domain/sectors, the methodology employed, theories applied, and level of analysis. The findings show that blockchain is under-explored in Malaysia, and most current studies focus on Blockchain adoption in specific industries such as finance and supply chain management. However, in other areas, such as healthcare and education, Blockchain conceptual progress is still in its infancy. These findings are being utilized to suggest future research paths in this discipline, such as the need for methodological improvements and a theoretical basis to study blockchain in different sectors.

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“…The application of blockchain has expanded to various fields, including finance [9], healthcare [10], education [11], and logistics. In the financial sector, blockchain is used for digital currency transactions like Bitcoin [12].…”

Section: Introductionmentioning

confidence: 99%

Blockchain-based key-value store to support dynamic smart contract interaction in the agricultural sector

Saputra,

Arkeman,

Jaya

et al. 2024

IJEECS

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<span>In the era of supply chain digitalization, adaptability and transparency are key to enhancing efficiency and trust. Although blockchain technology and smart contract offer innovative solutions, the limitations of static smart contract hinder their full potential. This article introduces a new approach using dynamic smart contract capable of managing various commodities in the supply chain with a key-value store. While this advantage provides flexibility, it still poses challenges in managing increasingly complex interactions among various actors, especially when the number of commodities increases. To address these challenges, this study introduces the concept of smart contract interaction that facilitates the automation and management of interactions with high efficiency. The implementation results show that smart contract interaction outperforms conventional approaches in terms of speed, resilience, and ease of management. Through the combination of dynamic smart contract and smart contract interaction, demonstrating how efficiency, transparency, adaptability, and scalability can be achieved in the supply chain, providing new insights into the utilization of blockchain technology for the modern industry.</span>

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The adoption factors of two-factors authentication in blockchain technology for banking and financial institutions

Cited by 4 publications

References 21 publications

Investigating the Factors Influencing the Adoption of Blockchain Technology across Different Countries and Industries: A Systematic Literature Review

Investigating the Factors Influencing the Adoption of Blockchain Technology across Different Countries and Industries: A Systematic Literature Review

Blockchain Technology in Malaysian Context: Bibliometric Analysis and Systematic Review

Blockchain-based key-value store to support dynamic smart contract interaction in the agricultural sector

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