[en] Successful diffusion of emerging technologies requires coherent ideas for their use. However, such ideas can be difficult to negotiate when the involved discursive fields differ in their beliefs and discursive frames. To analyze how such diverse fields can nevertheless co-develop a shared linguistic repertoire and coherent 'organizing vision', we conduct an inductive, interpretive study on the use of blockchain in the financial services industry. Drawing on interviews with 46 experts, we unpack how three different discursive fields (non-custodians, custodians, regulators) participated in the development of a 'decentralized finance' vision. We transfer these insights into a recursive process model for the guided negotiation and translation between discursive fields. Our study contributes a deeper understanding of the role of beliefs, discursive frames, and regulators for the emergence of a shared linguistic repertoire and coherent organizing vision.
Research center :
Interdisciplinary Centre for Security, Reliability and Trust (SnT) > FINATRAX - Digital Financial Services and Cross-organizational Digital Transformations NCER-FT - FinTech National Centre of Excellence in Research
Disciplines :
Computer science Management information systems
Author, co-author :
HARTWICH, Eduard ; University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > FINATRAX
Tamara Roth; University of Arkansas > Sam M. Walton College of Business
Alexander Rieger; University of Arkansas > Sam M. Walton College of Business
Liudmila Zavolokina; UZH - University of Zürich [CH] > Digital Society Initiative
FRIDGEN, Gilbert ; University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > FINATRAX
External co-authors :
yes
Language :
English
Title :
Negotiation and Translation Between Discursive Fields: A Study on the Diffusion of Decentralized Finance
Publication date :
03 May 2024
Event name :
Proceedings of the Thirty-Second European Conference on Information Systems (ECIS), Paphos, Cyprus
This research was funded in part by the Luxembourg National Research Fund (FNR) and PayPal, PEARL grant reference 13342933/Gilbert Fridgen, grant reference NCER22/IS/16570468/NCER-FT, and grant reference 14783405, as well as Luxembourg’s Ministry for Digitalisation. We also thank the Digital Society Initiative of the University of Zurich and the Digitalization Initiative of the Zurich Higher Education Institutions (DIZH) for partially financing this study under the DIZH postdoc fellowship of Liudmila Zavolokina. For the purpose of open access, and in fulfillment of the obligations arising from the grant agreement, the authors have applied a Creative Commons Attribution 4.0 International (CC BY 4.0) license to any Author Accepted Manuscript version arising from this submission.
