Is Blockchain a game-changer for social currency systems? Some reflections in light of the experience of Moneda PAR in Argentina

Autores
Valdecantos, Sebastián; Orzi, Ricardo; Porcherot, Raphaël; Camargo, Federico José
Año de publicación
2024
Idioma
inglés
Tipo de recurso
artículo
Estado
versión publicada
Descripción
Social currencies can make a valuable contribution to sustainability as they strengthen solidarity markets, a specific exchange practice that enhances the resilience of their surrounding environmental, social and human systems. Until now, the need to secure trust in a currency has been a major challenge for social currency initiatives not backed by the State. The emergence of Blockchain, which offers security, transparency and auditability to currencies and transactions it supports, seemingly circumvents this issue. This raises the question that this paper seeks to address: is Blockchain a game-changer for bottom-up solidarity economy initiatives? The methodological approach draws on a multidimensional conceptualisation of trust that recognises three components: ethical, hierarchical and methodical trust. It uses Moneda PAR, an Argentinian Blockchain-based social currency, as a case study and draws on use data, participant surveys and direct observation by the authors as action researchers to explore social currency and solidarity economy development in relation to currency performance on each dimension of trust. Findings from the case show that despite strengthening hierarchical and methodical trust, Blockchain needs to be articulated with additional market-building strategies to be a true game-changer in the development of social currency systems.
Fil: Valdecantos, Sebastián. Aalborg University Business School; Denmark.
Fil: Orzi, Ricardo. UBA. Universidad Nacional de Luján; Argentina.
Fil: Porcherot, Raphaël. Université Paris-Saclay; France.
Fil: Camargo, Federico José. Universidad Nacional de La Matanza; Argentina.
Fuente
Sustainability Science. ISSN 1862-4065. 10.1007/s11625-024-01522-5
Materia
Criptoactivos
Blockchain
Nivel de accesibilidad
acceso abierto
Condiciones de uso
https://creativecommons.org/licenses/by/4.0/deed.es
Repositorio
Nülan (UNMDP-FCEyS)
Institución
Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Sociales
OAI Identificador
oai:nulan.mdp.edu.ar:4311

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network_name_str Nülan (UNMDP-FCEyS)
spelling Is Blockchain a game-changer for social currency systems? Some reflections in light of the experience of Moneda PAR in ArgentinaValdecantos, SebastiánOrzi, RicardoPorcherot, RaphaëlCamargo, Federico JoséCriptoactivosBlockchainSocial currencies can make a valuable contribution to sustainability as they strengthen solidarity markets, a specific exchange practice that enhances the resilience of their surrounding environmental, social and human systems. Until now, the need to secure trust in a currency has been a major challenge for social currency initiatives not backed by the State. The emergence of Blockchain, which offers security, transparency and auditability to currencies and transactions it supports, seemingly circumvents this issue. This raises the question that this paper seeks to address: is Blockchain a game-changer for bottom-up solidarity economy initiatives? The methodological approach draws on a multidimensional conceptualisation of trust that recognises three components: ethical, hierarchical and methodical trust. It uses Moneda PAR, an Argentinian Blockchain-based social currency, as a case study and draws on use data, participant surveys and direct observation by the authors as action researchers to explore social currency and solidarity economy development in relation to currency performance on each dimension of trust. Findings from the case show that despite strengthening hierarchical and methodical trust, Blockchain needs to be articulated with additional market-building strategies to be a true game-changer in the development of social currency systems.Fil: Valdecantos, Sebastián. Aalborg University Business School; Denmark.Fil: Orzi, Ricardo. UBA. Universidad Nacional de Luján; Argentina.Fil: Porcherot, Raphaël. Université Paris-Saclay; France.Fil: Camargo, Federico José. Universidad Nacional de La Matanza; Argentina.Springer Nature2024-06-29info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdfhttps://nulan.mdp.edu.ar/id/eprint/4311/https://nulan.mdp.edu.ar/id/eprint/4311/1/valdecantos-etal-2024.pdf Sustainability Science. ISSN 1862-4065. 10.1007/s11625-024-01522-5 <https://doi.org/10.1007/s11625-024-01522-5> reponame:Nülan (UNMDP-FCEyS)instname:Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Socialesenginfo:eu-repo/semantics/altIdentifier/doi/10.1007/s11625-024-01522-5Argentinainfo:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by/4.0/deed.es2025-09-04T09:45:22Zoai:nulan.mdp.edu.ar:4311instacron:UNMDP-FCEySInstitucionalhttp://nulan.mdp.edu.ar/Universidad públicaNo correspondehttp://nulan.mdp.edu.ar/cgi/oai2cendocu@mdp.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:18452025-09-04 09:45:22.643Nülan (UNMDP-FCEyS) - Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Socialesfalse
dc.title.none.fl_str_mv Is Blockchain a game-changer for social currency systems? Some reflections in light of the experience of Moneda PAR in Argentina
title Is Blockchain a game-changer for social currency systems? Some reflections in light of the experience of Moneda PAR in Argentina
spellingShingle Is Blockchain a game-changer for social currency systems? Some reflections in light of the experience of Moneda PAR in Argentina
Valdecantos, Sebastián
Criptoactivos
Blockchain
title_short Is Blockchain a game-changer for social currency systems? Some reflections in light of the experience of Moneda PAR in Argentina
title_full Is Blockchain a game-changer for social currency systems? Some reflections in light of the experience of Moneda PAR in Argentina
title_fullStr Is Blockchain a game-changer for social currency systems? Some reflections in light of the experience of Moneda PAR in Argentina
title_full_unstemmed Is Blockchain a game-changer for social currency systems? Some reflections in light of the experience of Moneda PAR in Argentina
title_sort Is Blockchain a game-changer for social currency systems? Some reflections in light of the experience of Moneda PAR in Argentina
dc.creator.none.fl_str_mv Valdecantos, Sebastián
Orzi, Ricardo
Porcherot, Raphaël
Camargo, Federico José
author Valdecantos, Sebastián
author_facet Valdecantos, Sebastián
Orzi, Ricardo
Porcherot, Raphaël
Camargo, Federico José
author_role author
author2 Orzi, Ricardo
Porcherot, Raphaël
Camargo, Federico José
author2_role author
author
author
dc.subject.none.fl_str_mv Criptoactivos
Blockchain
topic Criptoactivos
Blockchain
dc.description.none.fl_txt_mv Social currencies can make a valuable contribution to sustainability as they strengthen solidarity markets, a specific exchange practice that enhances the resilience of their surrounding environmental, social and human systems. Until now, the need to secure trust in a currency has been a major challenge for social currency initiatives not backed by the State. The emergence of Blockchain, which offers security, transparency and auditability to currencies and transactions it supports, seemingly circumvents this issue. This raises the question that this paper seeks to address: is Blockchain a game-changer for bottom-up solidarity economy initiatives? The methodological approach draws on a multidimensional conceptualisation of trust that recognises three components: ethical, hierarchical and methodical trust. It uses Moneda PAR, an Argentinian Blockchain-based social currency, as a case study and draws on use data, participant surveys and direct observation by the authors as action researchers to explore social currency and solidarity economy development in relation to currency performance on each dimension of trust. Findings from the case show that despite strengthening hierarchical and methodical trust, Blockchain needs to be articulated with additional market-building strategies to be a true game-changer in the development of social currency systems.
Fil: Valdecantos, Sebastián. Aalborg University Business School; Denmark.
Fil: Orzi, Ricardo. UBA. Universidad Nacional de Luján; Argentina.
Fil: Porcherot, Raphaël. Université Paris-Saclay; France.
Fil: Camargo, Federico José. Universidad Nacional de La Matanza; Argentina.
description Social currencies can make a valuable contribution to sustainability as they strengthen solidarity markets, a specific exchange practice that enhances the resilience of their surrounding environmental, social and human systems. Until now, the need to secure trust in a currency has been a major challenge for social currency initiatives not backed by the State. The emergence of Blockchain, which offers security, transparency and auditability to currencies and transactions it supports, seemingly circumvents this issue. This raises the question that this paper seeks to address: is Blockchain a game-changer for bottom-up solidarity economy initiatives? The methodological approach draws on a multidimensional conceptualisation of trust that recognises three components: ethical, hierarchical and methodical trust. It uses Moneda PAR, an Argentinian Blockchain-based social currency, as a case study and draws on use data, participant surveys and direct observation by the authors as action researchers to explore social currency and solidarity economy development in relation to currency performance on each dimension of trust. Findings from the case show that despite strengthening hierarchical and methodical trust, Blockchain needs to be articulated with additional market-building strategies to be a true game-changer in the development of social currency systems.
publishDate 2024
dc.date.none.fl_str_mv 2024-06-29
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
http://purl.org/coar/resource_type/c_6501
info:ar-repo/semantics/articulo
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status_str publishedVersion
dc.identifier.none.fl_str_mv https://nulan.mdp.edu.ar/id/eprint/4311/
https://nulan.mdp.edu.ar/id/eprint/4311/1/valdecantos-etal-2024.pdf
url https://nulan.mdp.edu.ar/id/eprint/4311/
https://nulan.mdp.edu.ar/id/eprint/4311/1/valdecantos-etal-2024.pdf
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv info:eu-repo/semantics/altIdentifier/doi/10.1007/s11625-024-01522-5
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
https://creativecommons.org/licenses/by/4.0/deed.es
eu_rights_str_mv openAccess
rights_invalid_str_mv https://creativecommons.org/licenses/by/4.0/deed.es
dc.format.none.fl_str_mv application/pdf
dc.coverage.none.fl_str_mv Argentina
dc.publisher.none.fl_str_mv Springer Nature
publisher.none.fl_str_mv Springer Nature
dc.source.none.fl_str_mv Sustainability Science. ISSN 1862-4065. 10.1007/s11625-024-01522-5 <https://doi.org/10.1007/s11625-024-01522-5>
reponame:Nülan (UNMDP-FCEyS)
instname:Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Sociales
reponame_str Nülan (UNMDP-FCEyS)
collection Nülan (UNMDP-FCEyS)
instname_str Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Sociales
repository.name.fl_str_mv Nülan (UNMDP-FCEyS) - Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Sociales
repository.mail.fl_str_mv cendocu@mdp.edu.ar
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