Paper Type

ERF

Paper Number

1301

Description

In light of the ongoing paradigm shift of blockchain technology from trusting people to trusting algorithms, we investigate the role of trust in blockchain security behaviors. In this research-in-progress paper, we draw on the protection motivation theory (PMT) and develop a conceptual definition of the construct of trust in blockchain. We situate PMT in a blockchain context to scrutinize security issues with the blockchain technology, such as cryptocurrency hacking risks or data loss, which hamper the widespread adoption of blockchain. We expect that our study will provide implications regarding the role of trust in blockchain, which will help to advance the understanding of blockchain security behaviors from a protection motivation perspective.

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Aug 9th, 12:00 AM

How Secure Is Blockchain? Extending the Protection Motivation Theory with Trust

In light of the ongoing paradigm shift of blockchain technology from trusting people to trusting algorithms, we investigate the role of trust in blockchain security behaviors. In this research-in-progress paper, we draw on the protection motivation theory (PMT) and develop a conceptual definition of the construct of trust in blockchain. We situate PMT in a blockchain context to scrutinize security issues with the blockchain technology, such as cryptocurrency hacking risks or data loss, which hamper the widespread adoption of blockchain. We expect that our study will provide implications regarding the role of trust in blockchain, which will help to advance the understanding of blockchain security behaviors from a protection motivation perspective.

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