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Automating Trust with the Blockchain? A Critical Investigation of “Blockchain 2.0” Cultures

Bibliographic Data

ID13127258
AuthorsSilvia Semenzin (0000-0002-0726-2340, Universidad Complutense de Madrid, corresponding author), Alessandro Gandini (0000-0002-7705-7625, University of Milan)
Year2021
Volume2
Issue1
Publication date2021-01-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueGlobal Perspectives (JOURNAL)
Journal identifiersISSN: 2575-7350 • E-ISSN: 2575-7350
PublisherUniversity of California Press (PUBLISHER • US)
DOI10.1525/gp.2021.24912
OpenAlexW3173201545
LanguageEN
Citations received4
References cited15

This article discusses the cultural conceptions of trust underpinning the experimentation of blockchain startup applications beyond the financial sector. Based on qualitative research undertaken in the context of the so-called “Blockchain 2.0” scene, we show how a peculiar conception of trust, which blends the libertarian views of blockchain inventors with the neoliberal culture of competition and meritocracy that is typical of the startup world, underpins these implementations. As a result, we argue that “Blockchain 2.0” entrepreneurs ultimately fail to recognize the eminently social nature of the trust-building process. They emerge from our observation as unable to comprehend the extent to which the implementation of blockchain in a societal (i.e., not purely financial) context cannot do away with considerations about what kind of “social” the technology intervenes within, and find difficult to effectively conceive of how this technology embeds in existing social relations and power structures

Blockchain · Computer security · Context (archaeology · Epistemology · Implementation · Meritocracy · Political science · Process (computing · Sociology · Underpinning · Blockchain Technology Applications and Security · Computer Science · Digital Economy and Work Transformation · Engineering · FinTech, Crowdfunding, Digital Finance · Law

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Unique citing works4
Citations per year2
Citation span2024 - 2026 (3)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 4

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