Radical technologies: Blockchain as an organizational movement

Abstract

The emergence of blockchain technology has created a debate regarding technologies’ socio-cultural symbolism. Prevailing as alternative or complementary to internet technology, blockchain’s decentralized radical architecture reflects organizational change, enhancement of degrees of freedom, for individual identities and communities, new schemes of distributed trust and privacy, transformation of power relations and social reality perception. The current paper aims to contribute to the ongoing debate, from an organizational and socio-psychological perspective, discussing the key elements of a socially grounded technology, like any other technological product within the history of humanity. Through an evolutionary lens, blockchain technology is examined as a decentralized grassroots organizational movement at birth, influencing and, at the same time, be influenced, by science, culture, as well as by other aspects of individual and collective networked life, apart from the economy. Social sciences and cyber sciences are in a crossroad where society and technology integrate creating a mixed socio-technological or techno-social reality. Therefore, it is of high importance for them, to address the new epistemological challenges by developing new methodologies and tools, independently from any utopian or dystopian predictions.