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Using UTAUT for Blockchain Assessment
Abstract
With over 1,000 public and private Blockchains (coinmarketcap.com, 2020), an acceptance model can facilitate an objective and comparative assessment of existing and future solutions. The novelty of this paper is a new methodology of assessing blockchains using the Unified Theory of Acceptance and Use of Technology (UTAUT) (Venkatesh et al., 2003) alongside the distinguishing characteristics of blockchain implementations: trust, utility, and support. The paper distinctly aggregates existing approaches to present a concise assessment model. The distinguishing characteristics of trust, utility, and support in the context of UTAUT are beneficial for comparing and evaluating the myriad of blockchain implementations. The research encourages the examination of existing and future solutions using the UTAUT-focused attributes. The study has broader implications for blockchain solutions by providing contextual constructs necessary for acceptance and use.
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