Developing a blockchain-based inter-enterprise monetary commons: a design science research perspective

Maxime Malafosse () and Amandine Pascal ()
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Maxime Malafosse: IMT Atlantique - DI2S - Département Interdisciplinaire de Sciences Sociales - IMT Atlantique - IMT Atlantique - IMT - Institut Mines-Télécom [Paris]

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Abstract: The emerging literature on complementary currencies (CCs) provides valuable insights into successful CCs experiments, whether citizen-oriented, such as B£ and Bangla-Pesa, or business-oriented, such as WIR and Sardex. Our research provides the basis for an action plan to launch a design science project for a European project to create a blockchain-based complementary inter-enterprise currency to be deployed in different localities. The project draws on the principles identified by Kennedy et al. (2012) for deploying complementary currencies, then builds bridges with the literature on commons to strengthen their governance. While blockchain technology appears to be a tool that will support the deployment of these complementary currencies, the governance of the community remains crucial. Community governance is indeed essential to meet the different challenges involved in deploying CCs. It is up to communities to choose the design balances best suited to their local context to foster adoption. We present these key elements in the form of five design principles.

Date: 2024-05-27
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Published in AIM 2024, Association Information & Management, May 2024, Montpellier, France

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