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Blockchain adoption in logistics companies in Ho Chi Minh City, Vietnam

Author

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  • Luan-Thanh Nguyen
  • Duc-Thai Nguyen
  • Khanh Nhu- Nguyen Ngoc
  • Dang Thi Viet Duc

Abstract

Over the recent years, blockchain, a digitalization phenomenon, has leveraged its superior features to remodel the relationships of logistics partners. This cutting-edge technology has brought a faster, more transparent, and cost-effective logistics industry. This study, therefore, aims to investigate the behavioral intention to use the blockchain of individuals who work in logistics companies in Ho Chi Minh City (HCMC), Viet Nam, through the Unified Theory of Acceptance and Use of Technology (UTAUT) and its extended factors. Accordingly, non-probability sampling with convenience sampling has been chosen. A questionnaire was used to collect data from logistics workers before exploring and clarifying factors affecting the users’ intention, namely performance expectancy (PE), effort expectancy (EE), social influence (SI), and facilitating conditions (FC). In addition, experience (EXP) was also expected to influence the relationships. Therefore, a multi-analytical hybrid structural equation modeling-artificial neural network (SEM-ANN) approach was used to evaluate the gathered data empirically. The expert panel examined the established questionnaire through face validity and content validity to ensure the validity and reliability of the survey instrument. The findings revealed the different positive impacts of factors on the intention to use blockchain. While the result of the PLS-SEM technique is a descending order impact of PE, FC, EE, SI, and EXP was found that have no meaningful effect on the relationships, the ANN approach produces a surprising conclusion when SI ranks first in the magnitude of influence.

Suggested Citation

  • Luan-Thanh Nguyen & Duc-Thai Nguyen & Khanh Nhu- Nguyen Ngoc & Dang Thi Viet Duc, 2023. "Blockchain adoption in logistics companies in Ho Chi Minh City, Vietnam," Cogent Business & Management, Taylor & Francis Journals, vol. 10(2), pages 2216436-221, December.
    • Handle: RePEc:taf:oabmxx:v:10:y:2023:i:2:p:2216436
    DOI: 10.1080/23311975.2023.2216436
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    Cited by:

    1. Nattakorn Pinyanitikorn & Walailak Atthirawong & Wirachchaya Chanpuypetch, 2024. "Examining the Intention to Adopt an Online Platform for Freight Forwarding Services in Thailand: A Modified Unified Theory for Acceptance and Use of Technology (UTAUT) Model Approach," Logistics, MDPI, vol. 8(3), pages 1-24, July.
    2. Nguyen, Nguyen-Hong & Nguyen, Luan-Thanh, 2023. "The impact of online shopping motivation on customer loyalty in Mobile Applications," MPRA Paper 119657, University Library of Munich, Germany, revised 02 Jan 2024.
    3. Dang, Son-Hoang & Nguyen, Luan-Thanh, 2023. "What drives customer loyalty in social commerce sector? PLS-SEM approach," MPRA Paper 119509, University Library of Munich, Germany, revised 15 Oct 2023.
    4. Nguyen, Luan-Thanh, 2024. "Factors Affecting Service Quality and Satisfaction Customers Use of Mobile Commerce in Ho Chi Minh," MPRA Paper 119906, University Library of Munich, Germany, revised 10 Jan 2024.
    5. Nguyen, Luan-Thanh, 2021. "Investigating Mobile Payment Adoption During and After the COVID-19 Pandemic in Vietnam: An Imperative Analysis," MPRA Paper 120556, University Library of Munich, Germany, revised 05 Jan 2022.
    6. Nguyen, Binh Hai Thi & Nguyen, Luan Thanh, 2022. "Factors affecting consumers' intention to shop online on TikTok social network in Ho Chi Minh City," MPRA Paper 119044, University Library of Munich, Germany.

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