Start Date
16-8-2018 12:00 AM
Description
Some new digital infrastructures present disruptive potential, breaking paradigms and changing the way organizations and communities organize themselves and reach their goals. Blockchain, developed to support Bitcoin, is drawing the attention of civil society and researchers when adopted in community currencies, as Digital Social Currency (DSC), or in other processes, such and smart contracts, generating new IT artifacts. The present research investigates the benefits to organizations that manage DSC when adopting this digital infrastructure. Based on multiple case studies, this study uses content analysis to investigate the DSC phenomenon. The empirical study showed that there is a close relationship between currency functions, DSC functionalities and Blockchain functionalities, seeking to generate security, confidence and to enlarge scale of DSC, although there is a tendency to centralize governance of the issuing organization.
Recommended Citation
Rodrigues, Dênis; Cunha, Alexandra; Meirelles, Fernando; and Diniz, Eduardo, "Benefits of Blockchain for Digital Social Currency" (2018). AMCIS 2018 Proceedings. 3.
https://aisel.aisnet.org/amcis2018/LACAIS/Presentations/3
Benefits of Blockchain for Digital Social Currency
Some new digital infrastructures present disruptive potential, breaking paradigms and changing the way organizations and communities organize themselves and reach their goals. Blockchain, developed to support Bitcoin, is drawing the attention of civil society and researchers when adopted in community currencies, as Digital Social Currency (DSC), or in other processes, such and smart contracts, generating new IT artifacts. The present research investigates the benefits to organizations that manage DSC when adopting this digital infrastructure. Based on multiple case studies, this study uses content analysis to investigate the DSC phenomenon. The empirical study showed that there is a close relationship between currency functions, DSC functionalities and Blockchain functionalities, seeking to generate security, confidence and to enlarge scale of DSC, although there is a tendency to centralize governance of the issuing organization.