@inproceedings{2f3610915a7b4378934c1ca6ba22e834,
title = "What drives adoption of smart contract?: Identifying peer influences in blockchain user network",
abstract = "Smart contract brings more versatile functions in blockchain technology. However, its adoption rate is not as high as expected. Currently, there is no thorough study addressing such problem. To fill such gap, we propose to use peer influence to explain smart contract adoption in blockchain user network. We explore whether and how multiple types of peer influence including direct pee influence and indirect peer influence, simultaneously affect individual adoption decisions of smart contracts. Our hypotheses are examined in the context of CryptoKitties adoption in the Ethereum network using the public dataset of Ethereum including 350 million transactions from over 20 million distinct accounts. Our results suggest that the adoption of the software is positively affected by direct peer influence and indirect peer influence. Moreover, we find that users who have higher social status and greater diversity of experience in the blockchain network are less susceptible to peer influence. The results provide strong evidence of peer influence on smart contract adoption through various mechanisms.",
keywords = "Blockchain, Peer influence, Smart contracts, Technology adoption",
author = "Xudong Cai and Bin Zhang and Xi Zhao",
note = "Publisher Copyright: {\textcopyright} 40th International Conference on Information Systems, ICIS 2019. All rights reserved.; 40th International Conference on Information Systems, ICIS 2019 ; Conference date: 15-12-2019 Through 18-12-2019",
year = "2019",
language = "English (US)",
series = "40th International Conference on Information Systems, ICIS 2019",
publisher = "Association for Information Systems",
booktitle = "40th International Conference on Information Systems, ICIS 2019",
}