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Paper: Paradoxes in Blockchain Social Networks

A blockchain social network is a social media website just like Facebook, Twitter or Instagram that is build on a blockchain. In his research, Assistant Professor Raffaele Ciriello examines how these new platforms differ from established social media.

“Blockchain technology is a promising, yet not sufficiently well understood enabler of large-scale societal and economic change. For instance, blockchain makes it possible for users to securely and profitably share content on social media platforms. In this study, we explore how blockchain enables and constrains social networking practices by means of an in-depth qualitative study of Steem, a major Blockchain Social Network (BSN).

From that, we identify three paradoxical effects of BSN: 1) Freedom and Captivity, 2) Abundance and Scarcity, and 3) Peace and War. Via a dialectic synthesis of the three paradoxes, we theorize the effects of blockchain technology on social networking practices. We discuss theoretical implications for research on blockchain, social media, and online communities and define a path for research on BSN. We also discuss theoretical and practical implications by illustrating the paradoxical effects of using BSN and suggesting appropriate coping strategies.”

Ciriello, R, Beck, R & Thatcher, J, . (2018) ‘The Paradoxical Effects of Blockchain Technology on Social Networking Practices’Proceedings of the International Conference on Information Systems.

You can read ITU’s press release here.

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