Abstract
Abstract Blockchain technology has reached a trough of disillusionment, especially with regard to sharing economy platforms. Following up on our reasoning in the limits of trust-free systems, we provide propositions as to why. In particular, we suggest three common misconceptions on the applicability of blockchain technology to the sharing economy as well as the broader platform economy. First, blockchain technology does not inherently solve all trust issues when it comes to real-world interactions between human beings: the trust-free fallacy. Second, the role and importance of platforms as the broker and curator must not be neglected, but often is: the disintermediation fallacy. Third, unlike tech enthusiasts, main street consumers do not put much weight on the underlying technology: the consumer will fallacy.
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