The Future of Payments: The Role of Crypto Assets in Shaping Trust

Publikation: Bidrag til bog/antologi/rapportKonferencebidrag i proceedingsForskningpeer review

Abstrakt

Crypto assets are code-based digital assets that are implemented using cryptographic techniques and reside in distributed transactional databases. Crypto assets embed technology-based trust mechanisms that rely on software rather than intermediaries to validate and process transactions. The spread and exponential growth of crypto assets challenge existing institutional frameworks that facilitate trust in payments. This short paper aims to explore how the emergence of crypto assets affects the trust mechanisms in the payment ecosystem. Building on archival data, opinion papers, and participant observation, the preliminary findings show that existing institutional arrangements are incapable of enforcing trust-facilitating measures for crypto assets. Subsequently, we argue that realigning technology-based and institution-based trust mechanisms will provide a better landscape for the future of the retail payments ecosystem.
OriginalsprogEngelsk
TitelProceedings of the 42nd International Conference on Information Systems (ICIS)
RedaktørerAnitesh Barua, Ryan Wright, Atreyi Kankanhalli, Xitong Li, Shaila Miranda
Antal sider9
UdgivelsesstedAtlanta, GA
ForlagAssociation for Information Systems. AIS Electronic Library (AISeL)
Publikationsdato2021
Artikelnummer2177
ISBN (Elektronisk)9781733632591
StatusUdgivet - 2021
BegivenhedThe 42nd International Conference on Information Systems: ICIS 2021: Building Sustainability and Resilience with IS: A Call for Action - Austin, USA
Varighed: 12 dec. 202115 dec. 2021
Konferencens nummer: 42
https://icis2021.aisconferences.org/

Konference

KonferenceThe 42nd International Conference on Information Systems: ICIS 2021
Nummer42
LandUSA
ByAustin
Periode12/12/202115/12/2021
Internetadresse
NavnProceedings of the International Conference on Information Systems
ISSN0000-0033

Emneord

  • Crypto assets
  • Trust
  • Institution-based trust
  • Technology-based trust
  • Distributed ledger technology
  • Payments

Citationsformater