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Exploring trust in Bitcoin technology: a framework for HCI research

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Publication date7/12/2015
Host publicationOzCHI '15 Proceedings of the Annual Meeting of the Australian Special Interest Group for Computer Human Interaction
Place of PublicationNew York
PublisherACM
Pages338-342
Number of pages5
ISBN (Print)9781450336734
<mark>Original language</mark>English

Abstract

Bitcoin is a crypto-currency which differs in several ways from the traditional use of money. It does not require an individual name but digital wallet IDs, which makes it more private. Bitcoin technology currently lacks protection with respect to monetary transfers, and its structure is not endorsed by the governments. Yet, understanding the concept of trust is fundamental to Bitcoin technology and digital currency economy. This paper offers a review of relevant work on cryptocurrency and trust in HCI, and critically examines its value in understanding the issues of trust in Bitcoin technology. Several limitations of the current theories and models of trust are identified, and a research framework is proposed to explore the specific trust challenges raised by the Bitcoin technology.