Bitcoin as a mediating technology of organization

Introna, L. and Pecis, L. 2019. Bitcoin as a mediating technology of organization. Beyes, T., Holt, R. and Pias, C., eds. The Oxford Handbook of Media, Technology, and Organization Studies, Oxford University Press, (10.1093/oxfordhb/9780198809913.013.5)

Full text not available from this repository.

Abstract

This chapter explores how Bitcoin promotes itself as an open, democratic, decentralized, and collaborative community that can bypass untrustworthy financial institutions. Whilst notions of trust in traditional forms of institutions, such as banks, have been affected by the 2008–9 financial crisis, the push towards alternative monetary systems by cryptocurrency communities seems to offer the perfect promise of decentralization and transparency. Yet, following Luhmann’s articulation of system trust, the complex functioning of Bitcoin calls for rethinking how trust in the system is understood both in relation to the trust posed in the neutrality of algorithmic action and governance, but also in others, such as the ‘wisdom of the crowd’.

Item Type:	Book Section
Date Type:	Publication
Status:	Published
Schools:	Business (Including Economics)
Publisher:	Oxford University Press
ISBN:	9780198809913
Last Modified:	06 Jun 2023 14:30
URI:	https://orca.cardiff.ac.uk/id/eprint/159451

Actions (repository staff only)

Edit Item