Le Phuong Huyen, Tran Thu Phuong, Nguyen Thi Hong Nhung, Nguyen Tran Khanh Linh
Sinh viên K60 Ngôn ngữ Anh – Khoa Tiếng anh Thương Mại
Trường Đại học Ngoại thương, Hà Nội, Việt Nam
Nguyen Thuy Anh
Giảng viên Khoa Quản trị Kinh doanh
Trường Đại học Ngoại thương, Hà Nội, Việt Nam
Abtract
While blockchain has great potential to revolutionize many industries, especially banking and finance, its adoption rates remain low in developing countries. This lower-than-expected adoption and a lack of research on blockchain adaptation from a sociological perspective are the main motivation for the study about blockchain adaptation in data transfer among commercial banks in Vietnam. Modified UTAUT model and questionnaire survey with 385 bankers in 31 commercial banks were used to identify the most important factors impact Blockchain adaptation in data transfer of Vietnam commercial banks. The findings revealed that regulatory support moderates the impact of trust and technology affinity on blockchain adoption, which has not been examined by prior research in developing countries like Vietnam. The study also examines the blockchain adaptation in data transfer in a developing country, which is a novelty area compared with previous literature. Furthermore, effort expectancy, facilitating conditions, performance expectancy were found to positively influence adoption, equipping employees with requisite blockchain knowledge and skills will be crucial to adopting these innovations.
Keywords: Blockchain adaptation, data transfer, commercial banks, Vietnam, UTAUT.