The Netnography of the Human Experience in Encountering Blockchain Technology

Document Type : Research Article

Authors

1 Department of Anthropology, Faculty of Social Sciences, University of Tehran. Tehran, Iran

2 Department of Anthropology, Faculty of Social Sciences, University of Tehran, Tehran, Iran

10.22059/jisr.2025.384138.1548

Abstract

With the amazing growth and expansion of technology in the present day, the relationship between humans and technology is becoming more complicated every day, and it also affects the social life of humans. The ethnographic investigation of individuals’ narratives regarding their perceptions of life with these emergent technologies in the context of their personal experiences is the primary challenge of our forthcoming research.
In this research, we define emerging technologies as those that are specifically associated with the blockchain economy. Our objective is to examine the relationship between humans and these new generation technologies in order to conduct an analysis of the new world that has emerged and the requirements that it imposes. Consequently, we will investigate it from an ontological and epistemological perspective.
In this regard, we conducted an analysis of the network of active users in the blockchain sector on Instagram. We identified nine influential and active users in this field and analyzed their virtual profiles using netnography. These perspectives were classified into three conceptual categories: 1) revolutionary perspectives, 2) neutral perspectives, and 3) hybrid perspectives.
Ultimately, it appears that the revolutionary potential of blockchain is not sufficient to completely alter the extensive structures of the capitalist system and establish a new financial system, as indicated by the anthropological analysis of these conceptual categories. Rather, the establishment of this current structure results in the enhancement of human life and social affairs.

Keywords


Afkhami, M., & Bahar, M. (2023). The dialectical link between cyberculture and public interest (Case study: NFT Introspect startup and NFT collections). Journal of Sociology of Culture and Art, 5(5), 68-85. (In Persian)
Blau, P. (1964). Exchange and power in social life. New York: Wiley.
Bichranloo, A., & Momeni, A. (2013). Typology of Iranian Shiite clergies activity on Instagram. Quarterly Journal of Social Studies and Research in Iran, 12(3), 409-427. https://doi.org/10.22059/jisr.2023.353829.1374 .087 (In Persian)
Botsman, R. (2017). Who can you trust?: How technology brought us together and why it might drive us apart. PublicAffairs.
Elsden, C., Gloerich, I., Spaa, A., Vines, J., & De Waal, M. (2019). Making the Blockchain Civic. Interactions, 26(2), 60–65. http://dx.doi.org/10.1145/3305364
Cook, K. S., Levi, M., & Hardin, R. (2011). Whom can we trust? How groups, networks, and institutions make trust possible. Russell Sage Foundation.
Pertierra, A. C. (2018). Media anthropology for the digital age. John Wiley & Sons.
DuPont, Q. (2019). Cryptocurrencies and blockchains: Technology, sociology, and law. Polity Press.
Escobar, A. (1994). Encountering development: The making and unmaking of the third world (M. Akbari Golzar, Trans.). Golazin Publications. (In Persian)
Evans-Pughe, C., & Colleagues (2014). To bit or not to bit? [Bitcoin cryptocurrency]. Engineering & Technology, 9 (4), 82-85. https://doi.org/10.1049/et.2014.0411
 
Fatemi Ardakani, V., Rahnamaye Rudposhti, F., Radfar, R., & Memarnejad, A. (2022). Private cryptocurrency versus central bank digital currency: Evolutionary game theory modeling for seigniorage sharing. Monetary and Banking Research, 51(15), 67-93. (In Persian)
Forbes India. (2022). Cryptocurrency, CBDCs, Ethereum: Crypto Will Not Be Hit As Hard As Other Startup Sectors. https://www.forbesindia.com/article/special/crypto-will-not-be-hit-as-hard-as-other-startup-sectors-sumit-gupta/76855/1
Harvey, D. (2018). Marx, Capital and the Madness of Economic Reason. London: Profile Books.
Heydari, Z., Taleb, Z., & Golzari, Z. (2023). Meta-synthesis of the applications of the Internet of Things and artificial intelligence in smart educational environments. Technology of Education and Learning, 20, 134-165. https://doi.org/10.22054/jti.2023.75649.1397 (In Persian)
Homans, G. C. (1958). Social behavior as exchange. American Journal of Sociology, 63(6), 597-606.
Hoseinipour, N., Sabernezar Agha, A. R., & Ne’matollahi, Z. (2023). A systematic review of the application of web technologies in e-commerce management. Journal of Management, Accounting, and Economics, 29(4), 76-92. (In Persian)
Kevin, W. (2018). The Blockchain and the New Architecture of Trust. MIT press.
Khoshsepehr, Z., Ali Mohammadlou, M., Mohammadi, A., & Ranaei Kordshouli, H. (2023). Scientometrics and trend analysis of research in the field of the Fourth Industrial Revolution and Quality 0.4. Journal of Information Science and Management Technology, 31, 133-166. https://doi.org/10.22091/stim.2022.7738.1707 (In Persian)
Kozinets, R. (2010). Netnography: Doing Ethnographic Research Online. Sage.
Kozinets, R. (2015). Netnography, Redefined (2nd Ed.). SAGE Publications Inc.
Kozinets, R. (2019). Netnography: The Essential Guide to Qualitative Social Media Research. Sage.
Kozinets, R., & Gambetti, R. (2021). Netnography Unlimited: Understanding Technoculture using Qualitative Social Media Research.
Luhmann, N. (1984). Social systems. Stanford University Press.
Maurer, B. (2013). Payment: Technologies, infrastructures and social relations. Annual Review of Anthropology, 42, 273-288.
Swan, M. (2015). Blockchain: Blueprint for a new economy. O'Reilly Media, Inc.
Fröhlich, M., Waltenberger, F., Trotter, L., Alt, F., & Schmidt, A. (2022). Blockchain & Cryptocurrency in Human Computer Interaction: A Systematic Literature Review & Research Agenda, Designing Interactive Systems Conference. https://dl.acm.org/doi/10.1145/3532106.3533478.
Mohammadi Fateh, A., & Salarnejad, A. A. (2022). The scope of blockchain technology: A systematic review of applications, benefits, challenges, and related technologies. Journal of Information Science and Management Technology, 8(1), 245-300. https://doi.org/10.22091/stim.2021.6534.1518 (In Persian)
Naderi, A., & Akbari Golzar, M. (2024). Human-technology interaction studies in blockchain technology in Iran. Journal of Human-Information Interaction, 11(2), 49-83. (In Persian)
Pink, S., Raats, K., Lindgren T., Osz, K., & Fors, V. (2022) An Interventional Design Anthropology of Emerging Technologies. In M. Hojer Bruun, A. Wahlberg, D.B. Kristensen, R. Douglas-Jones, C. Hasse, K. Høyer, and B. R. Winthereik (Eds). The Handbook for the Anthropology of Technology. Basingstoke, UK: Palgrave Macmillan.
Sara, P. (2023). Emerging technologies: life at the edge of the future. Routledge.
Sara, P. (2015). Digital Ethnography Principles and Practice. Sage Publications.
Shakibamehr, A., Nasiri, S., & Salehi, E. (2022). Content analysis of accounting research under emerging blockchain technology. Journal of Management Accounting, 9(4), 187-218. https://doi.org/10.30479/jfak.2022.17207.3004 (In Persian)
Tapscott, D., & Tapscott, A. (2016). Blockchain revolution: How the technology behind bitcoin is changing money, business, and the world. Portfolio.
Voshmgir, S. (2020). Token economy: How the blockchain and smart contracts revolutionize the economy. BlockchainHub.
Weiler, G., & Posner, E. (2018). Radical markets: Uprooting capitalism and democracy for a just society. Princeton University Press.
Werbach, K. (2018). The blockchain and the new architecture of trust. MIT Press.
Winner, L. (1986). The Whale and the Reactor: A Search for Limits in an Age of High Technology. University of Chicago Press.
Wörner, S. (2020). Token economy: How blockchain and smart contracts revolutionize the economy. Springer.