Blockchain in the World of Work: Hype or Hope?

28 Pages Posted: 19 May 2020

See all articles by Aida Ponce

Aida Ponce

European Trade Union Institute (ETUI)

Date Written: May 18, 2020

Abstract

Among the many disruptive new technologies that have emerged recently, blockchain is the one that has the most potential to profoundly revolutionise society and the labour market. For blockchain to be socially acceptable, however, accountability and transparency in the governance of its architecture is necessary – as is giving all actors, including workers, the ability to become co-creators in its technological development and to shape its implementation.

This Foresight Brief describes blockchain technology and analyses its implications for the world of work and possible uses in certain sectors, including value chains. On a more experimental basis, it discusses whether blockchain can help to manage trade union organisations, including membership aspects, without establishing a specific ‘use case’. The publication finally highlights one (r)evolution for which society needs to be prepared, namely the way blockchain and artificial intelligence will increasingly be combined in the future. It outlines four important areas that need to be considered if these technologies are to be more widely adopted: data quality; privacy and data protection; environmental sustainability; and solving issues related to ‘smart contracts’ and ‘decentralised autonomous organisations’.

Keywords: technological change; trade union; future of work; social dialogue

Suggested Citation

Ponce, Aida, Blockchain in the World of Work: Hype or Hope? (May 18, 2020). ETUI Research Paper - Foresight Brief #09 - April 2020. Available at SSRN: https://ssrn.com/abstract=3604103 or http://dx.doi.org/10.2139/ssrn.3604103

Aida Ponce (Contact Author)

European Trade Union Institute (ETUI) ( email )

B-1210 Brussels
Belgium

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
107
Abstract Views
664
rank
273,635
PlumX Metrics