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Trust-free Banking Missed the Point : The Effect of Distrust in Banks on the Adoption of Decentralized Finance

Title data

Lockl, Jannik ; Stoetzer, Jens-Christian:
Trust-free Banking Missed the Point : The Effect of Distrust in Banks on the Adoption of Decentralized Finance.
In: Proceedings of the 29th European Conference on Informations Systems (ECIS). - Marrakech, Morocco , 2021

Official URL: Volltext

Project information

Project title:
Project's official title
Project's id
Projektgruppe WI Digital Finance
No information
Projektgruppe WI BLockchain-Labor
No information

Abstract in another language

During the global financial crisis in 2008, trust in established financial intermediaries declined sharply. In reaction, blockchain technology was developed as an alternative system to facilitate financial transactions. The application of blockchain in the financial sector brought a new paradigm called Decentralized Finance. Employing a modified technology acceptance model, we examine the relationship of distrust in financial intermediaries and consumer’s behavioral intention to use Decentralized Finance. Empirical data from our survey does not support the established paradigm that distrust
in established financial intermediaries positively affects consumer adoption. We, therefore, propose a trust paradox in the financial sector.

Further data

Item Type: Article in a book
Refereed: Yes
Keywords: Decentralized Finance; Technology acceptance research; Trust; Intermediation; Blockchain; Distributed ledger technology
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration XVII - Information Systems and Value-Based Business Process Management
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration XVII - Information Systems and Value-Based Business Process Management > Chair Information Systems and Value-Based Business Process Management - Univ.-Prof. Dr. Maximilian Röglinger
Research Institutions
Research Institutions > Affiliated Institutes
Research Institutions > Affiliated Institutes > Fraunhofer Project Group Business and Information Systems Engineering
Research Institutions > Affiliated Institutes > FIM Research Center Finance & Information Management
Faculties
Faculties > Faculty of Law, Business and Economics
Result of work at the UBT: Yes
DDC Subjects: 000 Computer Science, information, general works > 004 Computer science
300 Social sciences > 330 Economics
Date Deposited: 03 May 2021 08:01
Last Modified: 22 Nov 2022 07:31
URI: https://eref.uni-bayreuth.de/id/eprint/65044