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Understanding Customers’ Willingness To Pay More And Purchase Intention In Blockchain Food Traceability: Evidence From Vietnam

Author

Listed:
  • Nguyen Hong Huan

    (Chang Jung Christian University)

  • Le Dinh Nghi

    (Saigon University)

  • Nguyen Duy Yen Linh

    (International University, Vietnam National University)

  • Tran Nam Quoc

    (University of Management and Technology)

  • Dang Hoang Minh Quan

    (Hoa Sen University)

  • Nguyen Ngoc Duy Phuong

    (International University, Vietnam National University)

Abstract

The study analyzed the influence of Blockchain usage on purchase intention and the willingness to pay a higher price for customers within the food industry. Data collected through 180 distributed surveys was processed by SPSS 26 and SmartPLS 3.3 software. It is demonstrated that there are five factors influencing consumers’ intention to purchase products using Blockchain Food Traceability (BFT): (1) Performance Expectancy, (2) Facilitating Conditions, (3) Social Influence, (4) Trust, and (5) Level of Knowledge. The study showed that trust, performance expectancy, and level of knowledge variables have a strong influence on behavioral intention. Recommendations were also made for managerial purposes. The significance of this paper is insights into customers’ willingness to pay more and their purchase intention in Blockchain Food Traceability.

Suggested Citation

  • Nguyen Hong Huan & Le Dinh Nghi & Nguyen Duy Yen Linh & Tran Nam Quoc & Dang Hoang Minh Quan & Nguyen Ngoc Duy Phuong, 2022. "Understanding Customers’ Willingness To Pay More And Purchase Intention In Blockchain Food Traceability: Evidence From Vietnam," Journal of Information Systems & Operations Management, Romanian-American University, vol. 16(2), pages 70-84, December.
    • Handle: RePEc:rau:jisomg:v:16:y:2022:i:2:p:70-84
    DOI: 10.5281/zenodo.21827378
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    References listed on IDEAS

    as
    1. Jörg Henseler & Marko Sarstedt, 2013. "Goodness-of-fit indices for partial least squares path modeling," Computational Statistics, Springer, vol. 28(2), pages 565-580, April.
    2. Bocker, Andreas & Hanf, Claus-Hennig, 2000. "Confidence lost and -- partially -- regained: consumer response to food scares," Journal of Economic Behavior & Organization, Elsevier, vol. 43(4), pages 471-485, December.
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    JEL classification:

    • D1 - Microeconomics - - Household Behavior

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