Dao Thi Ngoc * , & Le Van Hau

* Correspondence: Dao Thi Ngoc (email: ngocdt09gec@gmail.com)

Main Article Content

Abstract

The research was conducted to examine the factors influencing the intention to use blockchain-integrated e-commerce platforms among young consumers in Hanoi. Drawing on employing structural equation modeling (SEM), the research surveyed a sample size of 253 by google form on various social media platforms. The results showed that cost savings and perceived ease of use have a positive impact on the intention to use blockchain-integrated e-commerce platforms among young consumers in the Hanoi area. However, source traceability and personal data security do not significantly influence users' intentions. Based on these findings, several recommendations are proposed for businesses and the government to promote the adoption of blockchain-integrated e-commerce platforms by consumers.
Keywords: E-commerce platform, blockchain adoption, young customers intention

Article Details

References

Ammous, S. (2016). Blockchain technology: What is it good for?. SSRN. https://dx.doi.org/10.2139/ssrn.2832751

Chang, Y. W., Lin, K. P., and Shen, C. Y. (2019, March). Blockchain technology for e-marketplace. In 2019 IEEE International Conference on Pervasive Computing and Communications Workshops (PerCom Workshops) (pp. 429-430). IEEE.

Clohessy, T., and Acton, T. (2019). Investigating the influence of organizational factors on blockchain adoption: An innovation theory perspective. Industrial Management & Data Systems, 119(7): 1457-1491. https://doi.org/10.1108/IMDS-08-2018-0365

Coppel, J. (2000). E-Commerce: Impact and policy challenges. Organisation for Economic Co-operation and Development (OECD), Economics Department Working Papers No. 252. https://dx.doi.org/10.1787/801315684632

Davis, F. D. (1989). Technology Acceptance Model: TAM. In M. N. Al-Suqri, and A. S. Al-Aufi (Eds.), Information Seeking Behavior and Technology Adoption (pp. 205-219). IGI Global.

Elkaseh, A. M., Wong, K. W., and Fung, C. C. (2016). Perceived ease of use and perceived usefulness of social media for e-learning in Libyan higher education: A structural equation modeling analysis. International Journal of Information and Education Technology, 6(3): 192-199. DOI: 10.7763/IJIET.2016.V6.683

Folkinshteyn, D., and Lennon, M. (2016). Braving Bitcoin: A technology acceptance model (TAM) analysis. Journal of Information Technology Case and Application Research, 18(4): 220-249. https://doi.org/10.1080/15228053.2016.1275242

Fowler, Jr. F. J. (2013). Survey research methods. USA, Sage publications.

Grover, P., Kar, A. K., Janssen, M., and Ilavarasan, P. V. (2019). Perceived usefulness, ease of use and user acceptance of blockchain technology for digital transactions – insights from user-generated content on Twitter. Enterprise Information Systems, 13(6): 771-800. https://doi.org/10.1080/17517575.2019.1599446

Huang, T- L., and Liao, S. (2015). A model of acceptance of augmented-reality interactive technology: the moderating role of cognitive innovativeness. Electronic Commerce Research, 15(2): 269-295. https://doi.org/10.1007/s10660-014-9163-2

ISO (2009). ISO/IEC 15944-7:2009(en) Information technology – Business operational view. International Organization for Standardization

Jahangir, N., and Begum, N. (2008). The role of perceived usefulness, perceived ease of use, security and privacy, and customer attitude to engender customer adaptation in the context of electronic banking. African Journal of Business Management, 2(1): 32-40.

Jiang, Y., Wang, C., Wang, Y., and Gao, L. (2019). A privacy-preserving e-commerce system based on the blockchain technology. In 2019 IEEE International Workshop on Blockchain Oriented Software Engineering (IWBOSE) (pp. 50-55). IEEE. https://doi.org/10.1109/IWBOSE.2019.8666470

Kim, J. B. (2012). An empirical study on consumer first purchase intention in online shopping: integrating initial trust and TAM. Electronic Commerce Research, 12(2): 125-150. https://doi.org/10.1007/s10660-012-9089-5

Kim, S. S. (2020). Purchase Intention in the Online Open Market: Do Concerns for E-Commerce Really Matter?. Sustainability, 12(3): 773. https://doi.org/10.3390/su12030773

Kim, Y. G., and Woo, E. (2016). Consumer acceptance of a quick response (QR) code for the food traceability system: Application of an extended technology acceptance model (TAM). Food Research International, 85: 266-272. https://doi.org/10.1016/j.foodres.2016.05.002

Knauer, F., and Mann, A. (2019). What is in it for me? Identifying drivers of blockchain acceptance among German consumers. The Journal of the British Blockchain Association, 3(1): 1-16. https://doi.org/10.31585/jbba-3-1-(1)2020

Kshetri, N. (2018). 1 Blockchain's roles in meeting key supply chain management objectives. International Journal of information management, 39: 80-89. https://doi.org/10.1016/j.ijinfomgt.2017.12.005

Kumar, N., Singh, M., Upreti, K., and Mohan, D. (2022). Blockchain adoption intention in higher education: Role of trust, perceived security and privacy in technology adoption model. In Al-Emran, M., Al-Sharafi, M.A., Al-Kabi, M.N., Shaalan, K. (eds) Proceedings of International Conference on Emerging Technologies and Intelligent Systems: ICETIS 2021 (Volume 1) (pp. 303-313). Lecture Notes in Networks and Systems, vol 299. Springer, Cham. https://doi.org/10.1007/978-3-030-82616-1_27

Kumar, S., Lim, W. M., Pandey, N., and Westland, J. C. (2021). 20 years of electronic commerce research. Electronic Commerce Research, 21(1): 1-40. https://doi.org/10.1007/s10660-021-09464-1

Lallmahamood, M. (2007). An Examination of Individual's Perceived Security and Privacy of the Internet in Malaysia and the Influence of this on their Intention to Use E-commerce: Using an Extension of the Technology Acceptance Model. Journal of internet banking and commerce, 12(3): 1-26.

Larasetiati, M., and Ali, H. (2019). Model of consumer trust: analysis of perceived usefulness and security toward repurchase intention in online travel agent. Saudi Journal of Economics and Finance, 3(8): 350-357. DOI:10.21276/sjef.2019.3.8.5

Laudon, K. C., and Traver, C. G. (2020 2019). E-commerce 2019: Business, technology, society (15th Ed.). London, Pearson.

Lee, C. C., Kriscenski, J. C., and Lim, H. S. (2019). An empirical study of behavioral intention to use blockchain technology. Journal of International Business Disciplines, 14(1): 1-21.

Lee, H., and Yeon, C. (2021). Blockchain-based traceability for anti-counterfeit in cross-border e-commerce transactions. Sustainability, 13(19): 11057. https://doi.org/10.3390/su131911057

Lin, X., Chang, S.-C., Chou, T.-H., Chen, S.-C., and Ruangkanjanases, A. (2021). Consumers' intention to adopt blockchain food traceability technology towards organic food products. International Journal of Environmental Research and Public Health, 18(3), 912. https://doi.org/10.3390/ijerph18030912

Lu, H.-P., and Gustafson, D. H. (1994). An empirical study of perceived usefulness and perceived ease of use on computerized support system use over time. International journal of information management, 14(5): 317-329. https://doi.org/10.1016/0268-4012(94)90070-1

Manasrah, A., Masoud, M., and Jaradat, Y. (2021, July). Short videos, or long videos? A study on the ideal video length in online learning. In 2021 international conference on information technology (ICIT) (pp. 366-370). IEEE.

Milani, F., Garcia-Banuelos, L., Filipova, S., and Markovska, M. (2021). Modelling blockchain-based business processes: a comparative analysis of BPMN vs CMMN. Business Process Management Journal, 27(2): 638-657. https://doi.org/10.1108/BPMJ-06-2020-0263

Mohammed, G. S., Wakil, K., and Nawroly, S. S. (2018). The effectiveness of microlearning to improve students’ learning ability. International Journal of Educational Research Review, 3(3): 32-38. https://doi.org/10.24331/ijere.415824

Na, Y. S. (2012). A study on the factors influencing behavioral intention related to beef traceability and TAM. The Korean Journal of Culinary research, 18(1): 77-90.

Pérez-Marco, R. (2016). What is a blockchain. Slide, Journée Société Informatique de France, Paris.

Quynh Nga (2022). Vietnam, a high potential blockchain market. Vietnam Economic News. https://ven.congthuong.vn/vietnam-a-high-potential-blockchain-market-46414.html

Roy, K., Islam, N., Khan, T. and Khan, M. M (2019). A novel approach to data storage using blockchain technology. In Proceedings of the 2019 International Conference on Information Technology (ICIT), Bhubaneswar, India (pp. 245-250). IEEE publisher. https://doi.org/10.1109/ICIT48102.2019.00050

Saberi, S., Kouhizadeh, M., Sarkis, J., and Shen, L. (2019). Blockchain technology and its relationships to sustainable supply chain management. International Journal of Production Research, 57(7): 2117-2135. https://doi.org/10.1080/00207543.2018.1533261

Saputra, U. W. E., and Darma, G. S. (2022). The intention to use blockchain in Indonesia using extended approach technology acceptance model (TAM). CommIT (Communication and Information Technology) Journal, 16(1): 27-35. https://doi.org/10.21512/commit.v16i1.7609

Saurabh, S., and Dey, K. (2021). Blockchain technology adoption, architecture, and sustainable agri-food supply chains. Journal of Cleaner Production, 284: 124731. https://doi.org/10.1016/j.jclepro.2020.124731

Sciarelli, M., Prisco, A., Gheith, M. H., and Muto, V. (2022). Factors affecting the adoption of blockchain technology in innovative Italian companies: an extended TAM approach. Journal of Strategy and Management, 15(3): 495-507. https://doi.org/10.1108/JSMA-02-2021-0054

Shaikh, J. R., and Iliev, G. (2018). Blockchain based confidentiality and integrity preserving scheme for enhancing e-commerce security. In 2018 IEEE Global Conference on Wireless Computing and Networking (GCWCN) (pp. 155-158). IEEE. https://doi.org/10.1109/GCWCN.2018.8668619

Sohaib, O., Hussain, W., Asif, M., Ahmad, M., and Mazzara, M. (2019). A PLS-SEM neural network approach for understanding cryptocurrency adoption. IEEE Access, 8: 13138-13150. https://doi.org/10.1109/ACCESS.2019.2960083

Subramanian, H. (2017). Decentralized blockchain-based electronic marketplaces. Communications of the ACM, 61(1): 78-84. https://doi.org/10.1145/3158333

Taher, G. (2021). E-commerce: advantages and limitations. International Journal of Academic Research in Accounting Finance and Management Sciences, 11(1): 153-165. http://dx.doi.org/10.6007/IJARAFMS/v11-i1/8987

Taherdoost, H. (2018). A review of technology acceptance and adoption models and theories. Procedia manufacturing, 22: 960-967.

Taylor, S., and Todd, P. A. (1995). Understanding information technology usage: A test of competing models. Information systems research, 6(2): 144-176. https://www.jstor.org/stable/23011007

Ullah, N., Alnumay, W. S., Al-Rahmi, W. M., Alzahrani, A. I., and Al-Samarraie, H. (2020). Modeling cost saving and innovativeness for blockchain technology adoption by energy management. Energies, 13(18): 4783. https://doi.org/10.3390/en13184783

Ullah, N., Al-Rahmi, W. M., Alfarraj, O., Alalwan, N., Alzahrani, A. I., Ramayah, T., and Kumar, V. (2022). Hybridizing cost saving with trust for blockchain technology adoption by financial institutions. Telematics and Informatics Reports, 6, 100008. https://doi.org/10.1016/j.teler.2022.100008

Van Heel, B., Lukic, V., and Leeuwis, E. (2014). Cross-border e-commerce makes the world flatter. Boston, MA, USA: The Boston Consulting Group (BCG).

Venkatesh, V., and Davis, F. D. (2000). A theoretical extension of the technology acceptance model: Four longitudinal field studies. Management science, 46(2): 186-204. http://dx.doi.org/10.1287/mnsc.46.2.186.11926

Wamba, S. F., Queiroz, M. M., and Trinchera, L. (2020). Dynamics between blockchain adoption determinants and supply chain performance: An empirical investigation. International Journal of Production Economics, 229: 107791. https://doi.org/10.1016/j.ijpe.2020.107791

Xiong, H., Dalhaus, T., Wang, P., and Huang, J. (2020). Blockchain technology for agriculture: applications and rationale. Frontiers in Blockchain, 3, 7. https://doi.org/10.3389/fbloc.2020.00007

Yaghoubi, N. M., Motlaq, S. V., Moghadam, I. H., and Motlaq, T. V. (2010). Factors influencing the adoption of electronic commerce in Iranian SMEs: An integration of TAM2 and TPB with cost saving. Journal of US-China Public Administration, 7(12): 91-96.

Yakovenko, V., Ulianovska, Y., and Yakovenko, T. (2022). Analysing features of e-commerce systems architecture. Technology audit and production reserves, 1(4(63)): 27-31. https://doi.org/10.15587/2706-5448.2022.253932

Zyskind, G.; Nathan, O., and Petland. A. S. (2015). Decentralizing privacy: Using blockchain to protect personal data. In Proceedings of the 2015 IEEE Security and Privacy Workshops, San Jose, CA, USA, (pp.180-184). IEEE publisher.