Are Private (Digital) Moneys (Disruptive) Social Innovations? An Exploration of Different Designs

Title

Are Private (Digital) Moneys (Disruptive) Social Innovations? An Exploration of Different Designs

 Author

van der Linden, M.J. (TU Delft Economics of Technology and Innovation)
van Beers, Cees (TU Delft Economics of Technology and Innovation) ORCID 0000-0001-6377-4845

 Date

2017

 Abstract

This article explores which private moneys qualify as (disruptive) social innovations. A case study into 30 Dutch-based complementary currencies and cryptocurrencies was conducted to understand the functioning of different designs of private money systems as well as the motivations and objectives of involved social innovators. We conclude that private moneys generally can be qualified as social innovations but that their potential for disruptiveness is limited by design. It is the externalities that come with the public and network nature of monetary systems that are likely to impede disruption by private (digital) moneys.


 Subject

complementary currencies
cryptocurrencies
digitalization
disruption
monetary system design
Private money

 To reference this document use:

http://resolver.tudelft.nl/uuid:b3b4509b-14db-4497-bc56-643d73f7d63e

 DOI

https://doi.org/10.1080/19420676.2017.1364287

 ISSN

1942-0676

 Source

Journal of Social Entrepreneurship, 8 (3), 302-319

 Part of collection

Institutional Repository

 Document type

journal article

 Rights

© 2017 M.J. van der Linden, Cees van Beers
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