Braving Bitcoin: A technology acceptance model (TAM) analysis

ABSTRACTThe technology acceptance model (TAM) is an important analytical tool in the study of the social mechanisms of technology adoption, and this model has received considerable attention in the literature. Although empirical support for the model has varied depending on situation specifics, it remains a popular and useful conceptual framework for analysis of factors contributing to technology acceptance or rejection by the relevant constituencies. Bitcoin is an entirely digital distributed currency, the disruptive and disintermediating nature of which has fueled the tremendous growth of the financial technology space over the past few years. Bitcoin’s distributed, verifiable, and immutable public transaction ledger, known as the blockchain, holds out the promise of fast, cheap, peer-to-peer financial transactions, as well as significant efficiencies in the transfer of other assets via overlay networks. Through an extensive review of the existing academic and practitioner literature about both TAM and ...