Chain of Fools? Sensemaking Dynamics regarding the Issue of the Blockchain Technology in the FinTech Field

Activity: Talk or presentationConference PresentationsResearch

Elke Schüßler - Speaker

Johannes Lehner - Speaker

Barbara Hartl - Speaker

Roman Duffner - Speaker

Our aim in this paper is to understand sensemaking dynamics regarding the opportunities and threats of the blockchain technology in the FinTech field, which we characterize as an interstitial issue field bringing together a variety of actors and meaning structures. Conceptually, we are particularly interested in how sensemaking unfolds in a distributed and virtually mediated setting and with regard to a highly uncertain future. Empirically we conduct a content analysis of one traditional news source (Financial Times) and two online media (Cryptocoinsnews and Medium) to identify dominant frames and their usage of different actors in the public debate about the blockchain. Overall, we identify ten different frames, the majority of them with a positive stance towards the blockchain, indicating that the field is still far from a common meaning structure and reflecting a dominance of commentators and journalists in the discourse who tend to stress the potential of the new technology. We also observe a dominance of past and present rather than future-oriented metaphors, indicating that while the blockchain is still seen as science fiction by some, visions of how the world could look like in the “blockchain age” are currently rare.
20.10.2017

Event

The First Annual Toronto FinTech Conference: SCOTIABANK DIGITAL BANKING LAB

20.10.1721.10.17

Toronto, Ontario, Canada

Event: Conference

Recently viewed

Activities

  1. Experiences with applying for and managing large DFG projects
  2. Revitalizing the Script as a Concept to Understand Structure and Agency in Institutional Theory
  3. Challenging the functionality of audits: Examining the bureaucratization of risks with Franz Kafka
  4. Navigating between Predictability and Creativity in Complex Innovation Processes: The Role of Entrainment and Detrainment in Temporal Work
  5. Interstitial spaces as garbage cans of field transformation where problems and solutions meet: the case of blockchain and music cross-fertilization
  6. Discerning aspects of memory: The ethics of memory in (post)global and transnational contexts
  7. User Journey Analysis and Cross Channel Attribution
  8. Rotation-based Driver Rostering in Public Bus Transit
  9. Discourse, Context and Media (Fachzeitschrift)
  10. Flexible Lernwege: Studium Individuale
  11. Digitalization and Organizational Learning: Use the Double-Loop
  12. The Norms of Behaviour in Space. Our space - Whose rules?
  13. Memory Acts: Memory without Representation.: Theoretical and Methodological Suggestions
  14. Answering Boolean Hybrid Questions with HAWK
  15. 4th Global TraPs Workshop "Defining Case Studies – Setting Priorities”
  16. SPARQL Querying Benchmarks
  17. Workshop: The conceptualization of sound within a studio environment 2011
  18. How to Involve the Enduser into Quality Assurance
  19. Predicting Performance And Motivation In Teacher Education – The Role Of Opportunities To Learn, Intrinsic Needs And Perceived Self-efficacy
  20. International Conference of Mathematical Modelling and Applications - ICTMA 17
  21. Perception of Space and Time in a Created Environment
  22. Continuous Innovation through Modular Upgradeability: How Software Upgrades Affect Consumer Product Valuations
  23. Bridging the Curricular Divide. Integrating sustainability and EFL instruction in a project (week) context for secondary school learners of English and Science
  24. Seed dispersal and predation: Interactions, ecosystem functions and services
  25. PhD Workshop on Theories in Information Systems Science
  26. Information, not Representation: Crowdworker Participation on Digital Work Platforms
  27. Organizing in Times of Crisis: Collaborative and Open
  28. Coordinating Collective Agency – A Gradual Practice-Based Framework
  29. Exploring crowdworker participation on digital work platforms
  30. HyperKult XXIII – Bring your own... 2014
  31. Draw the line? How boundary creation behaviors at the end of work relate to recovery and next-day work performance
  32. Digital Capitalism meets Leberkaspeppi: Temporal Orientations in Business Models as a Source of Platform Power in Mature Industries
  33. Interstitial spaces as garbage cans of early phase innovation processes