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

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 chall...

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Detalles Bibliográficos
Autores principales: Valdecantos, Sebastián, Orzi, Ricardo, Porcherot, Raphaël, Camargo, Federico José
Formato: Artículo publishedVersion
Lenguaje:Inglés
Publicado: Springer Nature 2024
Materias:
Criptoactivos
Blockchain
Acceso en línea:https://nulan.mdp.edu.ar/id/eprint/4311/
https://nulan.mdp.edu.ar/id/eprint/4311/1/valdecantos-etal-2024.pdf
Aporte de:
Nulan - Fac.Cs.Económicas (UNMdP) de Universidad Nacional de Mar del Plata (UNMdP)
id I29-R135-4311
record_format dspace
spelling I29-R135-43112025-05-14T14:52:12Z Is Blockchain a game-changer for social currency systems? Some reflections in light of the experience of Moneda PAR in Argentina Valdecantos, Sebastián Orzi, Ricardo Porcherot, Raphaël Camargo, Federico José 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. Springer Nature 2024-06-29 https://nulan.mdp.edu.ar/id/eprint/4311/ application/pdf eng 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> Argentina info:eu-repo/semantics/altIdentifier/doi/10.1007/s11625-024-01522-5 info:eu-repo/semantics/article info:ar-repo/semantics/artículo info:eu-repo/semantics/publishedVersion 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. Criptoactivos Blockchain info:eu-repo/semantics/openAccess https://creativecommons.org/licenses/by/4.0/deed.es
institution Universidad Nacional de Mar del Plata (UNMdP)
institution_str I-29
repository_str R-135
collection Nulan - Fac.Cs.Económicas (UNMdP)
language Inglés
orig_language_str_mv eng
topic Criptoactivos
Blockchain
spellingShingle Criptoactivos
Blockchain
Valdecantos, Sebastián
Orzi, Ricardo
Porcherot, Raphaël
Camargo, Federico José
Is Blockchain a game-changer for social currency systems? Some reflections in light of the experience of Moneda PAR in Argentina
topic_facet Criptoactivos
Blockchain
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.
format Artículo
Artículo
publishedVersion
author Valdecantos, Sebastián
Orzi, Ricardo
Porcherot, Raphaël
Camargo, Federico José
author_facet Valdecantos, Sebastián
Orzi, Ricardo
Porcherot, Raphaël
Camargo, Federico José
author_sort Valdecantos, Sebastián
title Is Blockchain a game-changer for social currency systems? Some reflections in light of the experience of Moneda PAR in Argentina
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
publisher Springer Nature
publishDate 2024
url https://nulan.mdp.edu.ar/id/eprint/4311/
https://nulan.mdp.edu.ar/id/eprint/4311/1/valdecantos-etal-2024.pdf
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