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Intention to Accept Smart Contracts Based on Blockchain Technology in Vietnamese Businesses

In: Disruptive Technology and Business Continuity

Author

Listed:
  • Thi Hong Nhung Vo

    (Faculty of Business Administration, HCMC University of Foreign Languages–Information Technology)

  • The Huu Chau

    (HCMC University of Foreign Languages––Information Technology
    Department of Business Adminstration, National Chengchi University)

  • Quan Tri Dang

    (Faculty of Business Administration, HCMC University of Foreign Languages–Information Technology)

Abstract

Blockchain technology's recent rapid growth has caused a significant impact on several industries such as logistics, banking, and construction. Since its introduction in 1994 through up to the present, smart contracts based on decentralized ledger data have assisted businesses in resolving several unresolved issues between parties engaged in cooperative activities. Therefore, this study aims to identify the variables influencing firms’ intentions to use smart contracts in Vietnam. It has been confirmed from the research that considerable influence on Vietnamese enterprises’ intention to accept smart contracts use is demonstrated through three out of nine hypotheses, i.e. Government support (GOV), Trading Partner Pressure (TPP), and Relative advantage (ADV), whose levels of impact decrease, respectively. The study’s limitation lies in its focus on some specific places in spite of the country’s large territory and the number of respondents to the survey. It is suggested that future research should take these two factors into consideration for more significant findings.

Suggested Citation

  • Thi Hong Nhung Vo & The Huu Chau & Quan Tri Dang, 2024. "Intention to Accept Smart Contracts Based on Blockchain Technology in Vietnamese Businesses," Springer Books, in: Le Thanh Tung & Nguyen Hoang Sinh & Pham Ha (ed.), Disruptive Technology and Business Continuity, pages 119-133, Springer.
    • Handle: RePEc:spr:sprchp:978-981-97-5452-6_9
    DOI: 10.1007/978-981-97-5452-6_9
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