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Journal of Current Research in Blockchain
Published by Meta Bright Indonesia
ISSN : -     EISSN : 30481430     DOI : https://doi.org/10.47738/jcrb
Core Subject : Economy, Science,
Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance
The Journal of Current Research in Blockchain publishes high-quality research on: Blockchain technology Smart Contract Data Privacy Decentralization Data Distributed Ledger Technology Decentralized Applications Our goal is to provide a platform for researchers, practitioners, and policymakers to share innovative findings, discuss emerging trends, and address the challenges and opportunities presented by blockchain technology across various sectors.
Arjuna Subject : Ilmu Komputer (semua kategori) - Ilmu Komputer (Lain-Lain)
Articles 5 Documents
 1 
Search results for , issue "Vol. 1 No. 3 (2024): Regular Issue December" : 5 Documents clear
The Role of Trust in Mediating the Impact of Electronic Word of Mouth and Security on Cryptocurrency Purchase Decisions Irfan, Muhamad
Journal of Current Research in Blockchain Vol. 1 No. 3 (2024): Regular Issue December
Publisher : Bright Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47738/jcrb.v1i3.18

Abstract

This study investigated the role of trust (TR) in mediating the impact of electronic word of mouth (EW) and security (SE) on cryptocurrency purchase decisions (PD). A cross-sectional survey design was employed, and data were collected through 330 distributed questionnaires, of which 320 valid responses were retained after validation steps that included confirming prior cryptocurrency usage. The sample consisted of active cryptocurrency users in Indonesia, aiming to explore the relationships between EW, SE, attitudes (AT), perceived behavioral control (PB), TR, and PD. Structural equation modeling was used to analyze the data and test the hypothesized relationships. The findings highlighted that TR significantly mediated the effects of both EW and SE on PD, underscoring TR as a crucial factor in the cryptocurrency market. Additionally, the study revealed that PB played a significant role, particularly in mediating the relationship between SE and PD, suggesting that consumers' confidence in managing transactions greatly influences their purchasing behavior. The results contribute to the literature by validating an integrated model that combines key factors influencing cryptocurrency PD and extending the Theory of Planned Behavior by incorporating EW and SE as antecedents. The study provides practical implications for cryptocurrency platforms and marketers, emphasizing the need for robust security measures, positive EW management, and user-friendly interfaces to foster TR and enhance consumer engagement in the cryptocurrency market.
Investigating the Determinants of NFT Purchase Intention: An Integrated Model Combining the Theory of Planned Behavior and Technology Acceptance Model Sangsawang, Thosporn
Journal of Current Research in Blockchain Vol. 1 No. 3 (2024): Regular Issue December
Publisher : Bright Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47738/jcrb.v1i3.19

Abstract

This study investigated the determinants of Non-Fungible Token (NFT) purchase intention (PI) by integrating the Theory of Planned Behavior (TPB) and the Technology Acceptance Model (TAM). The research aimed to identify key factors influencing PI), including Attitude Toward NFTs (AT), Perceived Usefulness (PU), Perceived Ease of Use (PEU), Subjective Norms (SN), Perceived Behavioral Control (PBC), and Perceived Risk (PR). A quantitative research design was employed, with data collected through an online survey distributed via Google Forms in February 2024. Out of the 345 questionnaires initially distributed, 336 were validated and included in the analysis after filtering for participants with actual NFT usage experience. The findings revealed that PU and PEU positively influenced AT, which in turn significantly enhanced PI. PBC and SN were also found to have direct positive effects on PI, highlighting the importance of consumer confidence and social influence in driving behavior. Conversely, PR demonstrated a negative impact on PI, underscoring the deterrent effects of concerns related to security, privacy, and financial uncertainty. The study further confirmed the mediating role of attitude, showing that positive evaluations of NFTs play a crucial role in translating perceived benefits and usability into actionable PI. The integrated model combining TPB and TAM effectively explained the complexities of NFT PI, offering valuable insights for both theoretical understanding and practical applications in the NFT market. These results provide actionable recommendations for NFT platforms and marketers to enhance user engagement, mitigate PR, and foster positive consumer AT.
Blockchain and the Evolution of Decentralized Finance Navigating Growth and Vulnerabilities Durachman, Yusuf; Rahman, Abdul Wahab Abdul
Journal of Current Research in Blockchain Vol. 1 No. 3 (2024): Regular Issue December
Publisher : Bright Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47738/jcrb.v1i3.20

Abstract

Decentralized Finance (DeFi) is revolutionizing the way individuals and institutions engage with financial services by removing intermediaries and offering decentralized alternatives to traditional banking and finance systems. This paper explores the rapid growth and impact of DeFi on global financial systems, focusing on key protocols such as Uniswap, Aave, and Compound. Using both qualitative and quantitative methodologies, including case studies and comparative analyses, the research examines the evolution of DeFi in terms of Total Value Locked (TVL), transaction costs, security challenges, and user adoption. The findings reveal that DeFi platforms have experienced exponential growth in liquidity, with TVL across major protocols increasing from $50 million in January 2020 to over $100 billion by January 2024. Uniswap alone saw its TVL grow from $50 million to $15 billion during the same period. DeFi significantly reduces transaction costs, with cross-border fees averaging $7 on Uniswap, compared to $35 in traditional banks. However, Ethereum gas fees remain volatile, exceeding $50 during peak congestion periods. Despite these cost benefits, the study also identifies security as a major concern, with 22 significant security incidents reported in DeFi between 2020 and 2023, resulting in substantial financial losses. Additionally, the lack of clear regulatory frameworks continues to pose challenges to broader adoption. This research concludes that while DeFi has the potential to disrupt traditional financial systems, its long-term success depends on addressing these technical and regulatory challenges. The adoption of Layer-2 scaling solutions, along with improvements in security and regulatory clarity, will be essential for ensuring the continued growth and stability of the DeFi ecosystem.
Evaluating Blockchain Adoption in Indonesia's Supply Chain Management Sector Pratama, Satrya Fajri; Prastyo, Priyo Agung
Journal of Current Research in Blockchain Vol. 1 No. 3 (2024): Regular Issue December
Publisher : Bright Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47738/jcrb.v1i3.21

Abstract

This research evaluated the adoption of blockchain technology in the supply chain management sector, focusing on the factors that influence the intention to use blockchain, including perceived usefulness, security, facilitating conditions, cost, regulatory support, and trust. Data were collected through a cross-sectional survey distributed to 315 individuals actively involved in supply chain management, of which 309 valid responses were obtained after a validation process that included screening questions such as prior use of blockchain technology. The study employed structural equation modeling (SEM) for data analysis. The findings highlighted that trust played a significant mediating role between perceived usefulness, security, and intention to use blockchain technology. Perceived usefulness and security were found to significantly enhance trust, which in turn positively influenced the intention to adopt blockchain. Regulatory support also had a strong positive impact on adoption intentions, underscoring the importance of clear and supportive regulatory frameworks. Cost was identified as a barrier to adoption, reflecting the need for organizations to address financial concerns associated with blockchain implementation. The results contributed to the theoretical understanding of blockchain adoption by integrating trust as a key mediator in the Technology Acceptance Model and offered practical implications for supply chain management professionals and policymakers.
Decentralizing Identity with Blockchain Technology in Digital Identity Management Kumar, Aayush
Journal of Current Research in Blockchain Vol. 1 No. 3 (2024): Regular Issue December
Publisher : Bright Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47738/jcrb.v1i3.22

Abstract

Blockchain technology has emerged as a promising solution for digital identity verification, offering significant improvements in security, decentralization, and privacy. This study examines the application of blockchain in identity systems, focusing on the benefits and challenges it presents. The findings reveal that blockchain enhances security by 85%, decentralizes data control by 80%, and improves privacy protection by 75% compared to traditional centralized systems. Additionally, the study highlights key challenges, including regulatory uncertainty, scalability issues, and interoperability concerns. Regulatory gaps remain a major obstacle to widespread adoption, despite a rapid increase in blockchain adoption rates from 5% in 2016 to 75% in 2022. Scalability also poses significant technical challenges, with public blockchains struggling to handle large transaction volumes efficiently. Through a comparative analysis, the study shows that blockchain-based identity systems outperform traditional centralized systems in terms of data control (90% vs. 40%), security (85% vs. 50%), and transparency (95% vs. 30%). However, traditional systems still lead in scalability by 10%. This paper concludes that while blockchain holds the potential to revolutionize identity verification, addressing regulatory, scalability, and interoperability issues is critical to achieving its full potential. Future research should focus on developing more scalable consensus mechanisms and standardized frameworks to promote adoption, ensuring blockchain’s viability as a global identity management solution.

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