User Awareness and Understanding of Blockchain Security in Financial Transactions

EasyChair Preprint 15816

Abstract

Blockchain technology is characterized by decentralized governance and security, which leads to the transformation of financial transactions, increases transparency, and reduces the possibility of regulation. This study examines how consumers understand and view blockchain security in the financial sector and highlights the factors that encourage or hinder consumers' adoption of blockchain. This study differentiates itself from previous studies by combining consumer factors (such as trust, ease of use, and teaching models) with management and social influence in a different way. This study uses a process analysis method to develop a comprehensive system that combines technology and people and provides suggestions for improving the use of blockchain in the financial sector. The main findings show that management support plays an important role in increasing trust and improving ease of use. However, trust has been shown to have a positive impact on consumers’ intention to adopt blockchain technology. Other factors affecting usability include perceived ease of use, perceived usefulness, and appropriate design. This study fills a gap in the blockchain literature by developing a Technology Acceptance Model (TAM) through the integration of management and social relationships. This study demonstrates the importance of management support and user trust and ease of use in the process, unlike previous research. The findings highlight the interaction between leadership, management, and performance when using blockchain technology, providing practical advice to policy makers and process developers.

Keyphrases: Blockchain Technology, Technology Acceptance Model (TAM), financial transactions, perceived trust, regulatory support

@booklet{EasyChair:15816,
  author    = {Prashnatita Pal and Rituparna Bhattacharya and Jayanta Poray},
  title     = {User Awareness and Understanding of Blockchain Security in Financial Transactions},
  howpublished = {EasyChair Preprint 15816},
  year      = {EasyChair, 2025}}