week 18 Socio-Technical Imaginaries:Blockchain, Decentralisation, Trust and Algorithmic Governance

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As a "disruptive" technological innovation, blockchain has been widely used in many fields such as financial services, supply chain management and smart manufacturing, and has been extended to the field of social governance to promote social governance innovation. Blockchain technology, with its advantageous features of distributed storage, decentralization and de-trust, has driven social governance innovation in terms of organizational structure, subject status, social credit and governance efficiency. 

At present, blockchain technology may face challenges in terms of technical performance, institutional arrangement, governance mechanism and value perception in embedding and enabling social governance innovation. Efforts should be made to improve technical innovation capacity, improve top-level institutional design, innovate social governance mechanisms and reconstruct governance value perception in order to better play the important role of blockchain technology in social governance innovation.