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Trust in blockchains: Algorithmic and organizational

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  • Chawla, Chetan

Abstract

The recent emergence of blockchains has reconceptualized our understanding of crowdfunding, platforms, organization, and governance. The disruption, and disintermediation made possible by blockchains has rightfully received increasing attention from entrepreneurs, and entrepreneurship researchers alike. In this article, I broaden these perspectives by paying particular attention to trust in blockchains, and contrasting it with perspectives on trust from Transaction Cost Economics, Agency Theory, and the Resource Based View. In sum, I compare perspectives on trust in these traditional theories to the conception of trust in blockchains – a mix of algorithmic, and organizational – to offer new insights into the implications of the rise of blockchains.

Suggested Citation

  • Chawla, Chetan, 2020. "Trust in blockchains: Algorithmic and organizational," Journal of Business Venturing Insights, Elsevier, vol. 14(C).
    • Handle: RePEc:eee:jobuve:v:14:y:2020:i:c:s2352673420300597
    DOI: 10.1016/j.jbvi.2020.e00203
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    References listed on IDEAS

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    Cited by:

    1. Devine, Anthony & Jabbar, Abdul & Kimmitt, Jonathan & Apostolidis, Chrysostomos, 2021. "Conceptualising a social business blockchain: The coexistence of social and economic logics," Technological Forecasting and Social Change, Elsevier, vol. 172(C).
    2. Wan, Yinglin & Gao, Yuchen & Hu, Yimei, 2022. "Blockchain application and collaborative innovation in the manufacturing industry: Based on the perspective of social trust," Technological Forecasting and Social Change, Elsevier, vol. 177(C).
    3. Li, Sen & Chen, Yan, 2024. "Governing decentralized autonomous organizations as digital commons," Journal of Business Venturing Insights, Elsevier, vol. 21(C).
    4. Song, Hua & Liu, Wenyi & Yu, Kangkang & Han, Mengwei, 2024. "Trusting the trust machine: How does blockchain-enabled governance configuration enhance financing credibility?," Technovation, Elsevier, vol. 135(C).
    5. Wang, Yang & Chen, Peng & Wu, Bing & Wan, Chengpeng & Yang, Zaili, 2022. "A trustable architecture over blockchain to facilitate maritime administration for MASS systems," Reliability Engineering and System Safety, Elsevier, vol. 219(C).
    6. Onjewu, Adah-Kole Emmanuel & Walton, Nigel & Koliousis, Ioannis, 2023. "Blockchain agency theory," Technological Forecasting and Social Change, Elsevier, vol. 191(C).
    7. Toufaily, Elissar & Zalan, Tatiana, 2024. "In blockchain we trust? Demystifying the “trust” mechanism in blockchain ecosystems," Technological Forecasting and Social Change, Elsevier, vol. 206(C).
    8. Gala, Kaushik, 2024. "Digital Davids, global Goliaths, and the Web3 sling," Business Horizons, Elsevier, vol. 67(1), pages 5-17.
    9. Paul P. Momtaz, 2022. "Some Very Simple Economics of Web3 and the Metaverse," FinTech, MDPI, vol. 1(3), pages 1-10, July.

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