Role of Signaling in Decentralized Systems
* Article: Forming Digital Commons: The Role of Signaling and Sociology of Translation in Decentralized Systems. Esko Hakanen, Ville Eloranta and Claire Shaw. Academy of Management Annual Meeting Proceedings. 6 Jul 2022 doi
URL = https://journals.aom.org/doi/abs/10.5465/AMBPP.2022.11067abstract
Abstract
"Decentralization technologies, such as those based on blockchain technology, provide exciting possibilities to coordinate cooperative actions and contributions of multiple, independent actors, and facilitate the emergence of digital commons. This new organizational form faces unique challenges in the formation of trust and a shared identity, as digital commons are largely asocial ecosystems. We draw on signaling theory and sociology of translation to explain how narratives and protocols are formed in decentralized communities. We illustrate our main arguments by presenting the case of Tracey, a blockchain-based application for incentivizing sustainable tuna fishing and trade in the Philippines. We articulate how digital storytelling, as a mechanism of translation, supports in setting a preliminary shared set of protocols and identity for the digital commons. We explain why signals between the members further amplify and evolve the identity of the digital commons. Our conceptual paper contributes to discussions on decentralized technologies, digital commons, and ecosystem research."