Blockchain Adoption Intention in Higher Education: Role of Trust, Perceived Security and Privacy in Technology Adoption Model

Blockchain technology with the potential to disrupt established business processes has emerged with a different student and institution-centric applications for higher education. This study aims to investigate educated individual beliefs and behavior toward blockchain adoption in higher education. The study proposes to extend Technology Adoption Model (TAM) with the inclusion of additional variables: perceived security and privacy and trust. Scale validated from the literature has been adopted for the study. Based on the survey of 208 respondents variance-based partial least square structural equation modeling was employed to examine the hypothesized relationship in the model. Findings of the study revealed that the factors incorporated in the model have a significant positive influence on individual adoption intention for blockchain in higher education. Perceived security and privacy has emerged as powerful factor affecting perceived usefulness, ease of use, and trust towards blockchain technology. Study respondents believe that they feel secured and confident with the blockchain implication in higher education.