Pub Date : 2025-12-01Epub Date: 2025-10-11DOI: 10.1016/j.peg.2025.100049
Suyash Jolly , Björn Asheim , Maximilian Benner , Giuseppe Calignano , Will Eadson , Huiwen Gong , Trond Nilsen
The Economic Geography literature and beyond has witnessed a growing interest in developing new green regional industrial paths and an increased emphasis on future-oriented green and just regional industrial path development. In this article, we raise new and critical questions about the notion of green and just regional industrial path development regarding who eventually benefits from it and whether the needs of the most vulnerable and marginalized actors are met. From this base, we provide an overview of two burgeoning research themes in this area: (1) the politics and agency of regional future-making narratives and practices and (2) developing new policy capabilities to build transformative resilience and navigate toward socially desirable futures. Finally, the article concludes with future research opportunities related to these promising themes and uncovers the complexities linked to future-oriented green and just regional industrial path development.
{"title":"Future-oriented green and just regional industrial path development: Towards a critical examination","authors":"Suyash Jolly , Björn Asheim , Maximilian Benner , Giuseppe Calignano , Will Eadson , Huiwen Gong , Trond Nilsen","doi":"10.1016/j.peg.2025.100049","DOIUrl":"10.1016/j.peg.2025.100049","url":null,"abstract":"<div><div>The Economic Geography literature and beyond has witnessed a growing interest in developing new green regional industrial paths and an increased emphasis on future-oriented green and just regional industrial path development. In this article, we raise new and critical questions about the notion of green and just regional industrial path development regarding who eventually benefits from it and whether the needs of the most vulnerable and marginalized actors are met. From this base, we provide an overview of two burgeoning research themes in this area: (1) the politics and agency of regional future-making narratives and practices and (2) developing new policy capabilities to build transformative resilience and navigate toward socially desirable futures. Finally, the article concludes with future research opportunities related to these promising themes and uncovers the complexities linked to future-oriented green and just regional industrial path development.</div></div>","PeriodicalId":101047,"journal":{"name":"Progress in Economic Geography","volume":"3 2","pages":"Article 100049"},"PeriodicalIF":0.0,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145324210","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-12-01Epub Date: 2025-11-22DOI: 10.1016/j.peg.2025.100052
Franziska Czernik , Sebastian Fastenrath , Amelie Bernzen
Food Waste (FW) has been identified as an increasingly urgent global problem, above all due to the associated economic, social and ethical consequences and high environmental costs. The circular economy (CE) concept is widely discussed as an approach to rethinking resource use and minimising waste and energy. Only recently have geographers begun advancing this field, calling for a deeper understanding of how, where, and why circular economies emerge and thrive across various spatial scales. Informed by the geography of sustainability transitions literature, this paper employs a systematic literature review of 52 papers published between 2018 and 2024 to address two aims: First, we provide critical reflections into understandings of CE for the FW sector. We then explore the question in how far contextual and spatial aspects have been considered in the literature on implementing and maintaining CE of FW. We focus on the issue in urban settings as an increasingly important sink of food as urbanisation increases on a global scale. The findings reveal a narrow and largely uncritical understanding of the CE, often framed as technological or managerial fixes rather than systemic transformations. Potential negative consequences, such as the commodification of food waste and the reinforcement of existing inequalities, are rarely considered. The literature also overemphasises public sector actors and often overlooks the contributions of social enterprises, start-ups and community initiatives. Moreover, we find a distinct focus on the material flow of FW through urban spaces, while the role of actor relationships and networks for the CE, including urban-rural linkages, are largely absent from current debates.
{"title":"Contextualising circular economies – Insights from the urban food waste literature","authors":"Franziska Czernik , Sebastian Fastenrath , Amelie Bernzen","doi":"10.1016/j.peg.2025.100052","DOIUrl":"10.1016/j.peg.2025.100052","url":null,"abstract":"<div><div>Food Waste (FW) has been identified as an increasingly urgent global problem, above all due to the associated economic, social and ethical consequences and high environmental costs. The circular economy (CE) concept is widely discussed as an approach to rethinking resource use and minimising waste and energy. Only recently have geographers begun advancing this field, calling for a deeper understanding of how, where, and why circular economies emerge and thrive across various spatial scales. Informed by the geography of sustainability transitions literature, this paper employs a systematic literature review of 52 papers published between 2018 and 2024 to address two aims: First, we provide critical reflections into understandings of CE for the FW sector. We then explore the question in how far contextual and spatial aspects have been considered in the literature on implementing and maintaining CE of FW. We focus on the issue in urban settings as an increasingly important sink of food as urbanisation increases on a global scale. The findings reveal a narrow and largely uncritical understanding of the CE, often framed as technological or managerial fixes rather than systemic transformations. Potential negative consequences, such as the commodification of food waste and the reinforcement of existing inequalities, are rarely considered. The literature also overemphasises public sector actors and often overlooks the contributions of social enterprises, start-ups and community initiatives. Moreover, we find a distinct focus on the material flow of FW through urban spaces, while the role of actor relationships and networks for the CE, including urban-rural linkages, are largely absent from current debates.</div></div>","PeriodicalId":101047,"journal":{"name":"Progress in Economic Geography","volume":"3 2","pages":"Article 100052"},"PeriodicalIF":0.0,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145683782","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-12-01Epub Date: 2025-06-03DOI: 10.1016/j.peg.2025.100046
Alex Quesnel, Steven Tufts
This article argues that cryptocurrencies have a hidden, or “crypto”, labour geography. Workers and their institutions have been under theorized in the literature, despite playing an active, yet often contradictory, role in the (re)production of cryptocurrency. Drawing from labour geography, we turn to three issues where workers are producing crypto-landscapes in contradictory ways: labour’s promotion of cryptocurrency mining facilities in post-industrial communities; the role of financialization and pension fund investments in cryptocurrencies; and community struggles for dis/investment in crypto-mining and protests over its environmental implications. We highlight the contradictory relations between labour and capital in the production of crypto landscapes and the populist sentiments among workers that play a role in shaping their development.
{"title":"Toward a labour geography of cryptocurrency: Place, pensions and protests","authors":"Alex Quesnel, Steven Tufts","doi":"10.1016/j.peg.2025.100046","DOIUrl":"10.1016/j.peg.2025.100046","url":null,"abstract":"<div><div>This article argues that cryptocurrencies have a hidden, or “crypto”, labour geography. Workers and their institutions have been under theorized in the literature, despite playing an active, yet often contradictory, role in the (re)production of cryptocurrency. Drawing from labour geography, we turn to three issues where workers are producing crypto-landscapes in contradictory ways: labour’s promotion of cryptocurrency mining facilities in post-industrial communities; the role of financialization and pension fund investments in cryptocurrencies; and community struggles for dis/investment in crypto-mining and protests over its environmental implications. We highlight the contradictory relations between labour and capital in the production of crypto landscapes and the populist sentiments among workers that play a role in shaping their development.</div></div>","PeriodicalId":101047,"journal":{"name":"Progress in Economic Geography","volume":"3 2","pages":"Article 100046"},"PeriodicalIF":0.0,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144239506","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-12-01Epub Date: 2025-05-20DOI: 10.1016/j.peg.2025.100045
Tobias Boos , Juan Grigera
This article critically examines the adoption of Bitcoin as legal tender in El Salvador, contextualising it within the legacy of official dollarisation after 2001. First, we empirically assess the benefits and costs of dollarisation, finding that, despite some theoretical claims, the benefits remain questionable in hindsight, while the costs for the country were relatively low. Second, we explore Bitcoin's role as legal tender, proposing its understanding as a form of International Money and its potential in facilitating remittances. Building on this, we show that the existing dollarisation and a ‘soft adoption’ of Bitcoin contributed to a comparatively low risk and low associated costs of introducing Bitcoin as a second legal tender. Third, we situate these developments within the broader geopolitical context, where the global monetary and financial system and the hegemony of the USD (the current World Money) are increasingly being repoliticised. In this light, the adoption of Bitcoin can be seen as a trial-and-error, unsuccessful at best, attempt by the Salvadoran government to enhance its leverage, improve remittance flows, and provide a low-cost escape valve in an evolving global landscape.
{"title":"Two legal tenders, no currency. El Salvador’s bitcoin adoption between world money and international money","authors":"Tobias Boos , Juan Grigera","doi":"10.1016/j.peg.2025.100045","DOIUrl":"10.1016/j.peg.2025.100045","url":null,"abstract":"<div><div>This article critically examines the adoption of Bitcoin as legal tender in El Salvador, contextualising it within the legacy of official dollarisation after 2001. First, we empirically assess the benefits and costs of dollarisation, finding that, despite some theoretical claims, the benefits remain questionable in hindsight, while the costs for the country were relatively low. Second, we explore Bitcoin's role as legal tender, proposing its understanding as a form of International Money and its potential in facilitating remittances. Building on this, we show that the existing dollarisation and a ‘soft adoption’ of Bitcoin contributed to a comparatively low risk and low associated costs of introducing Bitcoin as a second legal tender. Third, we situate these developments within the broader geopolitical context, where the global monetary and financial system and the hegemony of the USD (the current World Money) are increasingly being repoliticised. In this light, the adoption of Bitcoin can be seen as a trial-and-error, unsuccessful at best, attempt by the Salvadoran government to enhance its leverage, improve remittance flows, and provide a low-cost escape valve in an evolving global landscape.</div></div>","PeriodicalId":101047,"journal":{"name":"Progress in Economic Geography","volume":"3 2","pages":"Article 100045"},"PeriodicalIF":0.0,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144138014","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-12-01Epub Date: 2025-07-09DOI: 10.1016/j.peg.2025.100047
Ryan Wyeth , Dariusz Ilnicki , Krzysztof Janc
Extant geographical literature about cryptocurrencies and blockchain technologies has focused on unveiling these technologies’ material dimensions (the localized impacts of cryptocurrency ‘mining’) and evaluating their potential to disrupt or disintermediate the financial sector. Less has been said about the ‘consumer end’ of these technologies (e.g. the purchase, sale, and exchange of cryptocurrencies). The present paper makes a preliminary attempt to address this gap in the literature by examining cryptocurrency ATMs (CATMs) – one of numerous ‘points of contact’ between ‘the virtual’ and ‘the material’ within the cryptocurrency ecosystem. Drawing inspiration from literature on FinTech-inflected financialization of everyday life and ‘financial democratization’, the authors use quantitative data to demonstrate that cryptocurrencies, via CATMs, are increasingly embedded into quotidian spaces, but in an uneven, variegated fashion. This implies that CATMs are an as-yet specialized financial innovation, but which might be disproportionately encountered by particular social groups. Building on this observation, the authors argue that CATMs, like other forms of FinTech, might represent another area in which user-interface design is used to encourage the use of ‘fringe’ financial products among marginalized populations. The article concludes by summarizing this research and indicating potential directions for future research.
{"title":"Cryptocurrency ATMs and cryptofication of everyday life: The uneven diffusion of crypto into quotidian spaces and places","authors":"Ryan Wyeth , Dariusz Ilnicki , Krzysztof Janc","doi":"10.1016/j.peg.2025.100047","DOIUrl":"10.1016/j.peg.2025.100047","url":null,"abstract":"<div><div>Extant geographical literature about cryptocurrencies and blockchain technologies has focused on unveiling these technologies’ material dimensions (the localized impacts of cryptocurrency ‘mining’) and evaluating their potential to disrupt or disintermediate the financial sector. Less has been said about the ‘consumer end’ of these technologies (e.g. the purchase, sale, and exchange of cryptocurrencies). The present paper makes a preliminary attempt to address this gap in the literature by examining cryptocurrency ATMs (CATMs) – one of numerous ‘points of contact’ between ‘the virtual’ and ‘the material’ within the cryptocurrency ecosystem. Drawing inspiration from literature on FinTech-inflected financialization of everyday life and ‘financial democratization’, the authors use quantitative data to demonstrate that cryptocurrencies, via CATMs, are increasingly embedded into quotidian spaces, but in an uneven, variegated fashion. This implies that CATMs are an as-yet specialized financial innovation, but which might be disproportionately encountered by particular social groups. Building on this observation, the authors argue that CATMs, like other forms of FinTech, might represent another area in which user-interface design is used to encourage the use of ‘fringe’ financial products among marginalized populations. The article concludes by summarizing this research and indicating potential directions for future research.</div></div>","PeriodicalId":101047,"journal":{"name":"Progress in Economic Geography","volume":"3 2","pages":"Article 100047"},"PeriodicalIF":0.0,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144605565","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-12-01Epub Date: 2025-07-26DOI: 10.1016/j.peg.2025.100048
Etienne Capron , Raphaël Suire
While economic geography is mainly concerned with regional and global dynamics, this paper examines the relevance of the micro-geographical perspective that has recently emerged to study the specificities of what happens within city-regions. This perspective aims to produce analysis closer to economic agents, with a particular focus on small-scale spatial units to provide a more nuanced understanding of economic dynamics at the neighborhood, street or building levels. We advocate embracing the potential of this line of research to advance economic geography, given that micro-geography can intersect different theoretical paradigms, methodological approaches and emerging themes.
{"title":"Zooming-in: Expanding the micro-geographic perspective in economic geography","authors":"Etienne Capron , Raphaël Suire","doi":"10.1016/j.peg.2025.100048","DOIUrl":"10.1016/j.peg.2025.100048","url":null,"abstract":"<div><div>While economic geography is mainly concerned with regional and global dynamics, this paper examines the relevance of the micro-geographical perspective that has recently emerged to study the specificities of what happens within city-regions. This perspective aims to produce analysis closer to economic agents, with a particular focus on small-scale spatial units to provide a more nuanced understanding of economic dynamics at the neighborhood, street or building levels. We advocate embracing the potential of this line of research to advance economic geography, given that micro-geography can intersect different theoretical paradigms, methodological approaches and emerging themes.</div></div>","PeriodicalId":101047,"journal":{"name":"Progress in Economic Geography","volume":"3 2","pages":"Article 100048"},"PeriodicalIF":0.0,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144721319","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-12-01Epub Date: 2025-10-20DOI: 10.1016/j.peg.2025.100050
Nicklas Riekötter
This paper seeks to advance the emerging field of ideational economic geography by employing Frankfurt School critical theory, particularly Adorno's negative dialectics, to move beyond the dichotomy between critical realist and constructivist approaches. Current debates position imaginaries either as 'real' causal forces (critical realism) or as socially constructed meanings (constructivism), creating an apparent choice that limits analytical possibilities for understanding how sustainability imaginaries both express genuine ecological needs and contain them within existing social relations. The framework developed in this paper reconceptualizes ideational elements as inherently contradictory mediations between materiality and the process of ideation, transcending this divide through dialectical analysis that reveals how contradictions are constitutive rather than merely disruptive. This paper further suggests methodological strategies that focus on ruptures and failures as privileged moments for revealing these contradictions and their transformative potential.
{"title":"Contradiction as Method - A Critical-Theoretical Approach to Ideational Economic Geography","authors":"Nicklas Riekötter","doi":"10.1016/j.peg.2025.100050","DOIUrl":"10.1016/j.peg.2025.100050","url":null,"abstract":"<div><div>This paper seeks to advance the emerging field of ideational economic geography by employing Frankfurt School critical theory, particularly Adorno's negative dialectics, to move beyond the dichotomy between critical realist and constructivist approaches. Current debates position imaginaries either as 'real' causal forces (critical realism) or as socially constructed meanings (constructivism), creating an apparent choice that limits analytical possibilities for understanding how sustainability imaginaries both express genuine ecological needs and contain them within existing social relations. The framework developed in this paper reconceptualizes ideational elements as inherently contradictory mediations between materiality and the process of ideation, transcending this divide through dialectical analysis that reveals how contradictions are constitutive rather than merely disruptive. This paper further suggests methodological strategies that focus on ruptures and failures as privileged moments for revealing these contradictions and their transformative potential.</div></div>","PeriodicalId":101047,"journal":{"name":"Progress in Economic Geography","volume":"3 2","pages":"Article 100050"},"PeriodicalIF":0.0,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145360996","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-06-01Epub Date: 2025-04-24DOI: 10.1016/j.peg.2025.100043
Sarah Franz
Blockchain technology is lauded for its potential to enhance transparency, traceability, and ultimately lead to more resilient and sustainable supply chains. However, its implications for power dynamics, governance and spatial reconfigurations in global production networks (GPNs) remain underexplored. This paper examines the adoption of blockchain technology in global supply chains and reviews its associated benefits and barriers. The paper highlights three main arenas where applying key concepts of GPN theory can help us understand how digital technologies, such as blockchain, reshape the geography and organisation of production. First, focusing on the different dimensions of power could provide a nuanced exploration of blockchain’s impact on power relations between actors in GPNs. Second, the field would benefit from an analysis of the interplay between digital- and physical space acknowledging the human factor in narratives of digital transformation. Third, there is a need to evaluate blockchain’s role as a potential technology of globalisation, changing the nature of global production and trade. For GPN theory to remain relevant, it must integrate the effects of digital technologies on actor strategies, power relations, and uneven development within global production systems.
{"title":"A GPN perspective on the adoption of blockchain technology in global supply chains","authors":"Sarah Franz","doi":"10.1016/j.peg.2025.100043","DOIUrl":"10.1016/j.peg.2025.100043","url":null,"abstract":"<div><div>Blockchain technology is lauded for its potential to enhance transparency, traceability, and ultimately lead to more resilient and sustainable supply chains. However, its implications for power dynamics, governance and spatial reconfigurations in global production networks (GPNs) remain underexplored. This paper examines the adoption of blockchain technology in global supply chains and reviews its associated benefits and barriers. The paper highlights three main arenas where applying key concepts of GPN theory can help us understand how digital technologies, such as blockchain, reshape the geography and organisation of production. First, focusing on the different dimensions of power could provide a nuanced exploration of blockchain’s impact on power relations between actors in GPNs. Second, the field would benefit from an analysis of the interplay between digital- and physical space acknowledging the human factor in narratives of digital transformation. Third, there is a need to evaluate blockchain’s role as a potential technology of globalisation, changing the nature of global production and trade. For GPN theory to remain relevant, it must integrate the effects of digital technologies on actor strategies, power relations, and uneven development within global production systems.</div></div>","PeriodicalId":101047,"journal":{"name":"Progress in Economic Geography","volume":"3 1","pages":"Article 100043"},"PeriodicalIF":0.0,"publicationDate":"2025-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143917477","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-06-01Epub Date: 2024-12-05DOI: 10.1016/j.peg.2024.100033
Bernhard Truffer , Christian Binz , Johan Miörner , Xiao-Shan Yap
Recent research in evolutionary economic geography addressing radical innovation and grand challenges has advocated for a shift in focus from single technologies and products toward interrelated configurations of technologies and institutions. This suggests moving beyond explaining innovation and industrial dynamics primarily by the existence of appropriate knowledge and capability stocks, to include institutional structures and the ability of actors to shape value-related dynamics. Despite an increasing suite of conceptual and empirical contributions to this extended agenda, its methodological underpinnings have not yet received sufficient attention. A particularly thorny issue is how to bridge quantitative assessments of related knowledge stocks with qualitative process reconstructions of regional development pathways. To bridge the methodological divide, we present a recent approach developed in transition studies – socio-technical configuration analysis and elaborate on how it may inform salient research problems in economic geography.
{"title":"Bridging the methodological divide: Inspirations from semantic network analysis for (evolutionary) economic geography","authors":"Bernhard Truffer , Christian Binz , Johan Miörner , Xiao-Shan Yap","doi":"10.1016/j.peg.2024.100033","DOIUrl":"10.1016/j.peg.2024.100033","url":null,"abstract":"<div><div>Recent research in evolutionary economic geography addressing radical innovation and grand challenges has advocated for a shift in focus from single technologies and products toward interrelated configurations of technologies and institutions. This suggests moving beyond explaining innovation and industrial dynamics primarily by the existence of appropriate knowledge and capability stocks, to include institutional structures and the ability of actors to shape value-related dynamics. Despite an increasing suite of conceptual and empirical contributions to this extended agenda, its methodological underpinnings have not yet received sufficient attention. A particularly thorny issue is how to bridge quantitative assessments of related knowledge stocks with qualitative process reconstructions of regional development pathways. To bridge the methodological divide, we present a recent approach developed in transition studies – socio-technical configuration analysis and elaborate on how it may inform salient research problems in economic geography.</div></div>","PeriodicalId":101047,"journal":{"name":"Progress in Economic Geography","volume":"3 1","pages":"Article 100033"},"PeriodicalIF":0.0,"publicationDate":"2025-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143173973","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-06-01Epub Date: 2025-03-13DOI: 10.1016/j.peg.2025.100039
Matthew Zook, Michael McCanless
This paper analyzes the bridging of digital-based crypto capital with one of the most long-standing and material parts of the economy, real property. Specifically, it uses two cases focused on US-based efforts to use blockchain to fractionalize the ownership and administration of land and housing. We frame this paper around the disconnect between rhetorics of frictionless capital and their dependence on the materiality of real property. Thus, rather than being exclusively a technology for transparency and investment (as proponents stress) blockchain engagements with the materiality of real estate embroiled within centuries long processes of dispossession, predation and exploitation. The two case studies are CityDAO, an online business/community focused on building the “crypto city of the future” holding two rural parcels of land in Wyoming and Colorado, and RealT, a fractional, tokenized real estate platform that invests in rental housing, using Section 8 vouchers as a means of ‘bridging’ global crypto-capital into the materiality of Detroit’s housing market.
{"title":"Blockchain real estate: The messy landing of digital property","authors":"Matthew Zook, Michael McCanless","doi":"10.1016/j.peg.2025.100039","DOIUrl":"10.1016/j.peg.2025.100039","url":null,"abstract":"<div><div>This paper analyzes the bridging of digital-based crypto capital with one of the most long-standing and material parts of the economy, real property. Specifically, it uses two cases focused on US-based efforts to use blockchain to fractionalize the ownership and administration of land and housing. We frame this paper around the disconnect between rhetorics of frictionless capital and their dependence on the materiality of real property. Thus, rather than being exclusively a technology for transparency and investment (as proponents stress) blockchain engagements with the materiality of real estate embroiled within centuries long processes of dispossession, predation and exploitation. The two case studies are CityDAO, an online business/community focused on building the “crypto city of the future” holding two rural parcels of land in Wyoming and Colorado, and RealT, a fractional, tokenized real estate platform that invests in rental housing, using Section 8 vouchers as a means of ‘bridging’ global crypto-capital into the materiality of Detroit’s housing market.</div></div>","PeriodicalId":101047,"journal":{"name":"Progress in Economic Geography","volume":"3 1","pages":"Article 100039"},"PeriodicalIF":0.0,"publicationDate":"2025-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143684551","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}