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As money turns digital and trust turns algorithmic: what ought to be considered?
Mid Sweden University, Faculty of Science, Technology and Media, Department of Information Systems and Technology.
Mid Sweden University, Faculty of Science, Technology and Media, Department of Information Systems and Technology.
2017 (English)Conference paper, Published paper (Refereed)
Abstract [en]

The aim of the paper is to raise questions and challenges regarding construction of trust in the global online context, using the rapidly growing use of digital currencies as an example of concern. The study raises questions related to cultural values and relations of power, and how that relates to trust, when money is digital and monetary processes are performed by technology. The paper is based on a qualitative study, using semi structured interviews with key personnel related to three different cryptocurrencies. Results indicate that cultural values affect how trust is constructed and perceived. Trust is placed primarily in technology and its algorithms, and is identified as an expression of a technocratic utopian approach, which might be in need of being balanced with accountability concerns. Instead of authoritative institutional processes with assigned roles and responsibilities, decentralized forms with users involvements and users control of their money, are important in establishing trust. Cultural influences from globalization and marketization affects how trust is created. The findings contributes by elucidating a need for further research if blockchain technology is to be used in a domain where requirements of trust, responsibilities and rights, long-term preservation, and long-term accessibility are of high concern.

Place, publisher, year, edition, pages
2017.
National Category
Computer and Information Sciences
Identifiers
URN: urn:nbn:se:miun:diva-32612OAI: oai:DiVA.org:miun-32612DiVA, id: diva2:1169275
Conference
Maintaing the Facts Infrastructure in the Era of Post-Truth Politics 19-20 september 2017, National Swedish heritage board, storgatan 41, Stockholm
Available from: 2017-12-22 Created: 2017-12-22 Last updated: 2018-01-15Bibliographically approved

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fulltext(101 kB)69 downloads
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Engvall, ToveHellmer, Erica
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CiteExportLink to record
Permanent link

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Cite
Citation style
  • apa
  • ieee
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  • vancouver
  • Other style
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Language
  • de-DE
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  • en-US
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  • nn-NB
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More languages
Output format
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