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Trust, reputation and ambiguous freedoms: financial institutions and subversive libertarians navigating blockchain, markets, and regulation

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  • Inês Faria

Abstract

This article departs from the post 2008 financial crisis context, from its intersection with technological developments, and from the socio-technical arrangements configured by this conjuncture. It explores plans and actions – of mainstream financial institutions, and of a community seeking for alternatives to centralised economy and governance – for the use of digital platforms supported by blockchain infrastructure. In particular, it explores how such plans and actions relate to conceptions of public and peer trust and how they appear to produce, or reinforce, reputational imaginaries and quantification practices within added value philosophies. By illuminating a tension between the two identified case examples, I seek to render alternative communities’ and financial institutions’ conceptions, imaginaries and practices (more) visible and to analyse their organisational marketing strategies – where there is a pragmatic and discursive operationalisation of technology as well as of trust as means to gain more self-sovereignty in action, while navigating markets and regulated actual world contexts.

Suggested Citation

  • Inês Faria, 2019. "Trust, reputation and ambiguous freedoms: financial institutions and subversive libertarians navigating blockchain, markets, and regulation," Journal of Cultural Economy, Taylor & Francis Journals, vol. 12(2), pages 119-132, March.
  • Handle: RePEc:taf:jculte:v:12:y:2019:i:2:p:119-132
    DOI: 10.1080/17530350.2018.1547986
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    Cited by:

    1. Campbell-Verduyn, Malcolm, 2021. "Conjuring a cooler world? Blockchains, imaginaries and the legitimacy of climate governance," Global Cooperation Research Papers 28, University of Duisburg-Essen, Käte Hamburger Kolleg / Centre for Global Cooperation Research (KHK/GCR21).
    2. Tobias Boos & Juan Grigera, 2023. "The political economy of Bitcoin as legal tender in El Salvador: Temporary bandages to permanent wounds?," WIDER Working Paper Series wp-2023-136, World Institute for Development Economic Research (UNU-WIDER).
    3. Mohammad Wasiq & Abu Bashar & Syed Akmal & Mustafa Raza Rabbani & Mohd Afzal Saifi & Nishad Nawaz & Youssef Tarek Nasef, 2023. "Adoption and Applications of Blockchain Technology in Marketing: A Retrospective Overview and Bibliometric Analysis," Sustainability, MDPI, vol. 15(4), pages 1-20, February.

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