Examining the acceptance of blockchain by real estate buyers and sellers

Yeoh, William (author), Hoong Lee, Angela Siew (author), Ng, Claudia (author), Popovič, Aleš (author), Han, Yue (author)

Buying and selling real estate is time consuming and labor intensive, requires many intermediaries, and incurs high fees. Blockchain technology provides the real estate industry with a reliable means of tracking transactions and increases trust between the parties involved. Despite the benefits of blockchain, its adoption in the real estate industry is still in its infancy. Therefore, we investigate the factors that influence the acceptance of blockchain technology by buyers and sellers of real estate. A research model was designed based on the combined strengths of the unified theory of technology acceptance and use model and the technology readiness index model. Data were collected from 301 real estate buyers and sellers and analyzed using the partial least squares method. The study found that real estate stakeholders should focus on psychological factors rather than technological factors when adopting blockchain. This study adds to the existing body of knowledge and provides valuable insights to real estate stakeholders on how to implement blockchain technology.

• Language: English
• Keywords: blockchain, real estate, adoption, factors, partial least squares method
• Work type: Article
• Typology: 1.01 - Original Scientific Article
• Organization: EF - School of Economics and Business
• Publication status: Published
• Publication version: Version of Record
• Year: 2024
• Number of pages: Str. 1121-1137
• Numbering: Vol. 26, iss. 3
• PID: 20.500.12556/RUL-167941
• UDC: 004:332.21
• ISSN on article: 1387-3326
• DOI: 10.1007/s10796-023-10411-8
• COBISS.SI-ID: 181690115
• Publication date in RUL: 20.03.2025

Record is a part of a journal

• Title: Information systems frontiers
• Publisher: Kluwer Online
• ISSN: 1387-3326
• COBISS.SI-ID: 2701076

Licences

• License: CC BY 4.0, Creative Commons Attribution 4.0 International
• Link: http://creativecommons.org/licenses/by/4.0/
• Description: This is the standard Creative Commons license that gives others maximum freedom to do what they want with the work as long as they credit the author.

Secondary language

• Language: Slovenian
• Keywords: veriženje blokov, tehnologija veriženja blokov, nepremičnine