How Secure Is Blockchain? Extending the Protection Motivation Theory with Trust
Kenan Degirmenci, Alistair Barros · Journal of the Association for Information Systems · 2021
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.