A study on factors influencing the acceptance of blockchain enabled green bond issuance to scale up the investment towards decarbonized economy

Abstract

In the information age, the academic community has a crucial role in measuring the technology acceptance among individuals who belong to the specific context, as behavioural intention to use is critical for adopting any new technology. Interestingly, blockchain has several notable features such as transparency, traceability, auditability and decentralization. Which helps to bring out the efficiency in any existing process of information processing competence. Moreover, blockchain is an infrastructural technology, it can be used for the back-end record-keeping process on a real-time basis. By considering the significance of blockchain, the research proposed one such model to measure the adoption of blockchain in the context of the green bond issuance process. A green bond is the fixed income debt instrument, specifically earmarked to raise money for climate and environmentally friendly projects. Accordingly, inducing blockchain in the green bond issuance process can assist in increasing the efficiency of the existing green bond issuance. Consequently, it can potentially attract the investor to invest in it which turns helps to scale up the investment towards decarbonized economy. This research is one of the preliminary studies in conceptualizing the blockchain-enabled green bond issuance to measure the behavioural intention to use among the finance practitioners of green bond issuance entities. newlineA comprehensive collection of blockchain adoption literature has captured the significance of adoption blockchain in various areas such as supply chain, health care, database management etc. Yet, most of the adoption literature is widely focused on measuring blockchain adoption collectively without minted it as a distinct, independent variable. By considering the sparse in the several adoption research works of blockchain literature, this research introduces the blockchain-enabled green bond issuance explicitly as a distinct construct, which was driven from the organizational information processing theory.