Research Publications

Now showing 1 - 3 of 3

Open Access
Examining the Influence of Regulatory Dynamics on Customer Behavioral Intentions towards Cryptocurrency Adoption in Sri Lanka
(Faculty of Humanities and Sciences, SLIIT, 2024-12-04) Kothalawala, C; Bodaragama, K
The emergence of Bitcoin in 2009 marked a pivotal moment, generating widespread interest in cryptocurrencies as a decentralized alternative to traditional financial systems. Despite its innovative potential, questions surrounding the legitimacy and integrity of cryptocurrencies have cast doubts on their viability as financial instruments. The inherent volatility of Bitcoin, largely fueled by speculative investments, has further contributed to public skepticism. This study concentrates on Sri Lanka, a South Asian Island nation, where the legal treatment of cryptocurrencies remains uncertain. It aims to provide valuable insights for key stakeholders, including central banks, merchants, and cryptocurrency exchanges, by examining consumers’ inclination to use cryptocurrencies for transactions. This research, catering to potential cryptocurrency users, adopts the Unified Theory of Acceptance and Use of Technology (UTAUT) framework. A quantitative approach was employed in this study, involving the collection of 385 responses through the distribution of questionnaires. This was achieved through the application of simple linear regression and Pearson Correlation analyses. Snowball sampling was employed in the participant selection process, resulting in an interconnected group of users. The study findings reveal that performance expectations, effort expectations, social influence, and enabling factors exhibit a positive influence on the behavioral intention to use cryptocurrencies in Sri Lanka. Specifically, it was observed that effort expectations and facilitating conditions are the primary factors directly impacting behavioral intention in the Sri Lankan context. These results highlight the significance of perceived effort and the presence of favorable conditions as key drivers shaping individuals’ intentions to adopt cryptocurrencies in Sri Lanka.
Embargo
Decentralized Property Registration and Management Platform
(IEEE, 2022-12-09) Yasas, R. M; Bandara, M. H. M. N. D.; Praveena, T.; Abeywardena, K.; Kasthurirathna, D.
The existing property registry management does not have a well-defined protocol for verifying and validating transactions that occur within the domain. These transactions rely on handwritten signatures, an unreliable methodology for determining an asset’s ownership. The legal system governs this process. However, several disputes have occurred due to improper validation and verification when registering properties, changing custody, and maintaining the chain of ownership. Trades have been made by including a lower value than the actual asset value, which will reduce the tax owed to the government and will lead to the failure of these departments. There are no appropriate mechanisms to resolve common disputes that arise within the domain. The courts must resolve these disputes using the same recurring traditional procedure, which will take years or decades to conclude. The main objective of this research is to develop a secure property registration mechanism by creating a digital protocol using a decentralized blockchain network. In addition, the research will focus on developing a minimum asset value calculator using machine learning and geographic information system, verifying the authenticity of the generated digital documents, and creating digital deeds for new and old paper-based records.
Embargo
Decentralized ledger for land and property transactions in Sri Lanka acresense
(IEEE, 2018-12-06) Yapa, I; Heanthenna, S; Bandara, N; Prasad, I; Mallawarachchi, Y
Land & property can be identified as one of the core assets in any county in the world. Governments spend significant amount of money to identify, define, manage and maintain the transactional information around land and property in a country. Creating a proper mechanism to make this information available to the public users can be considered as one of the key indications that shows the development of a country. The system currently in use to record land and property transactions in Sri Lanka is a book-based system where all the information is stored in handwritten folios. This method is inefficient, time consuming, unsecured and complex when compared to the advanced systems which are used by developed countries in the world. This study is carried out to find a secured, efficient, cost effective solution with regards to the concerns and other problems related to land and property transactions in Sri Lanka. Proposed solution includes a decentralized ledger to record land and property transactions which runs on top of blockchain technology. All new transaction entries will be validated by smart contracts to verify the validity of the transactions. After performing a proper consensus mechanism, the transaction records will be stored in cryptographically secured blocks. So, the data integrity could not be violated. Additionally, investors and the land buyers can get information about the current market trends & predictions before buying or investing into a land. Also, the proposed system supports the users to view the land information graphically and allows the system users to view the desired land parcels without physically going to the actual location via the geographical information system.

Research Publications

Browse

Filters

Advanced Search

Filter by

Settings

Sort By

Results per page

Search Results