Data on: The role of technical characteristics in blockchain adoption: survey data from German social media network users
Braches, Martin (2022), Data on: The role of technical characteristics in blockchain adoption: survey data from German social media network users, Dryad, Dataset, https://doi.org/10.5061/dryad.sqv9s4n5w
Blockchain has become a hyped emerging technology that is predicted to be heavily influential in all our lives. Yet, until now, it has failed to deliver most of its advertised benefits. To tackle this problem and provide an explanation for the missing wider success, this study focuses on the role of technology features in the adoption of blockchain. Thus, this research integrates the view on technological characteristics, represented by aspects of the mindfulness concept, with the sociological aspects influencing technology adoption decisions based on the widely used unified theory of acceptance and use of technology (UTAUT). The resulting research model is evaluated using the partial least squares structural equation modelling (PLS-SEM) estimation approach with German social media network. The findings indicate that only high-level knowledge of distinct technology features (uniqueness) is influencing adoption decisions while the missing deeper understanding of these features hinders a careful evaluation of its benefits and meaningful use. This research expands the technology adoption literature by highlighting the role of technical characteristics and combining social, psychological and technological factors into one model. Further, it helps practitioners to understand the causes for the limited success of blockchain and advances the general knowledge on technology adoption.