Blockchain as Res Publica: Towards a Political Genealogy of a Distributed Ledger

Abstract

This paper focuses on the political genealogy of one of the most promising and influential IT technologies of our time: the blockchain (or distributed registry). We point at important commonalities between the principles of blockchain projects and models of republican governance. In contrast to techno-anarchist and democratic ideas, the republican genealogy of blockchain has so far failed to attract the attention of researchers. After examining the basic technical properties and ideological images of blockchain, we explore how the four main principles of classical republicanism (personal freedom and autonomy of the individual; civic virtues; common good; recognition of great causes) are realized in influential blockchain projects — Bitcoin (developed by the pseudonymous Satoshi Nakamoto) and Ethereum (developed by Vitalik Buterin). The functioning of blockchain nodes is supported by a community of miners, who are free, but at the same time agree to act for the development of a common thing. What the republic and the blockchain have in common is that it is impossible to have a community without cooperative action. At the same time, blockchain is a vivid illustration of Bruno Latour's argument on the role of non-humans in social relations: his code seeks to replace untrustworthy humans with rule-acting nodes, and to create a cryptographic society where untrustworthy human relations are replaced by computers' relations. This article is an invitation to begin a discussion of the political ideas that are embedded in new technologies and the models of governance that are mobilized through them, often without proper reflection on the nature of such ideas by their creators.