A value-sensitive design perspective of cryptocurrencies: A research agenda

Abstract

Cryptocurrencies and their underlying blockchain technology have begun to transform numerous industries. Although we have seen an uptrend in the types of created cryptocurrencies, it has not yet translated into mainstream adoption., In this paper, we use value-sensitive design principles to identify values among current and potential cryptocurrency adopters. Using Bitcoin as the context for this qualitative research study, we use grounded theory analytical techniques to discover manifested values among users and non-users. We develop a cryptocurrency value-sensitive design framework to summarize our results. As our main contribution, we offer a research agenda based on the cryptocurrency stakeholders’ underlying value system. This agenda can help information systems scholars apply this value-sensitive design perspective to their own cryptocurrency research.