Cryptocurrency: A panacea for economic growth and sustainability? A critical review of crypto innovation. (July 2022)
- Record Type:
- Journal Article
- Title:
- Cryptocurrency: A panacea for economic growth and sustainability? A critical review of crypto innovation. (July 2022)
- Main Title:
- Cryptocurrency: A panacea for economic growth and sustainability? A critical review of crypto innovation
- Authors:
- Shin, Donghee
Rice, John - Abstract:
- Highlights: With the conceptualization of the blockchain as a sociotechnical system, the crypto initiatives in Dubai are examined. Despite proactive drives, new risks, such as privacy, transparency, and security, emerge as critical concerns. Cryptocurrency as a socio-technical system that constitutes new and important objects of social inquiry. Abstract: Distributed ledger technology is highlighted as a solid tool to address social and ecological challenges. Cryptocurrency is seen as a network with a socio-technical structure since the systems are composed of technical infrastructure and the social relations between users of the crypto ecosystem. The sociopolitical ramifications of cryptocurrency are critically assessed to identify key features and conceptualize issues to unlock opportunities to guarantee a sociotechnical approach to blockchains. Despite progressive initiatives, a series of challenges, such as trust, cybersecurity, and scalability, have emerged as cryptocurrency begins to develop its full potential. With these issues, sociotechnical concerns have surfaced regarding how to respond to the possible consequences that such a policy choice would entail, how to govern the crypto economy, and how to create a sustainable crypto ecosystem. We argue that cryptocurrency is a socio-technical system that constitutes new and important objects of social inquiry that must be addressed beyond the myopic context of a financial asset.
- Is Part Of:
- Telematics and informatics. Volume 71(2022)
- Journal:
- Telematics and informatics
- Issue:
- Volume 71(2022)
- Issue Display:
- Volume 71, Issue 2022 (2022)
- Year:
- 2022
- Volume:
- 71
- Issue:
- 2022
- Issue Sort Value:
- 2022-0071-2022-0000
- Page Start:
- Page End:
- Publication Date:
- 2022-07
- Subjects:
- Cryptocurrency -- Digital ledger -- Causal layered analysis -- Sociotechnical perspective -- Non-fungible token
Telecommunication -- Periodicals
Computer networks -- Periodicals
Télécommunications -- Périodiques
Réseaux d'ordinateurs -- Périodiques
384 - Journal URLs:
- http://www.sciencedirect.com/science/journal/07365853 ↗
http://www.elsevier.com/journals ↗ - DOI:
- 10.1016/j.tele.2022.101830 ↗
- Languages:
- English
- ISSNs:
- 0736-5853
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - 8782.955000
British Library DSC - BLDSS-3PM
British Library HMNTS - ELD Digital store - Ingest File:
- 21761.xml