This paper provides a conceptual framework that describes the current discussions by actors (as corporates, new entrants and critical journalism) on the possible significances of block chain technology implementation. The research has both scientific and societal relevance. The Scientific Relevance of this research is three-fold. Firstly, it presents a first scientific, empirical overview on the discussion of blockchain implementation, which was not yet available in scientific literature. Secondly, the explanatory power of our core concept enables new research into essential blockchain foundations, as Trust and Decision making. Lastly, our comparison to decentralized decision making literature showed the importance of using social sciences into a field which is dominated by computer scientists and acknowledging the importance of governance structures in blockchains. Furthermore, this research has also developed a conceptual framework that provides an overview of the perceived effects, functions and issues of blockchain technology, to help structure the discussion by actors on the significances of implementing blockchain technology.