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on May 31, 2022

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Blockchain Technology 1 Introduction Since the introduction of Bitcoin in 2008, there has been a proliferation of interest in a digital technology called Blockchain. It has been argued that Blockchain can sustain any transaction of value, be it monetary or information, in a manner that is secure and completely independent of interpersonal trust. At the same time, this technology is perceived to be so secure and reliable that The Economist named it a “trust machine”. (October 31, 2015). Yet, due to its relative novelty, there is still little theoretical and empirical research on whether and how this technology may affect human-to-human trust relations. At the theoretical level, there seems to be an unaccounted disagreement about whether the technology works independently of interpersonal trust by shifting people's trust towards trust in the technology itself or it affects interpersonal trust. Therefore, the aim of this paper is to provide a better understanding of the effects...

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