The traditional financial system has demonstrated clear flaws over the past years; its closed, centralized, and opaque nature has been subject to increased criticism. Wall Street, which is an example representative of the traditional financial system, is an opaque financial hub where only a...

Blockchain technologies are designed to promote decentralization and self-governance in economic and social settings. In the context of platforms, an early claim of some proponents of these technologies was that blockchains would promote disintermediation, replacing intermediaries with...

Decentralized insurance can be used to describe risk sharing mechanisms under which participants trade risks among each other as opposed to passing risks mostly to an insurer in traditional centralized insurance. There are a wide range of decentralized practices in all kinds of forms developed...

The decentralized finance (DeFi) industry hosts billions of dollars in cryptocurrency deposits across all protocols that autonomously and independently execute financial transactions. However, little is known about how these protocols raise capital or conduct their governance. This paper aims to...

We introduce the SPRIG (Smart Proofs via Recursive Information Gathering) protocol. SPRIG allows agents to propose, question, and defend mathematical proofs in a decentralized fashion. A structure of stakes and bounties aims at producing debates in good faith and if those persist, they must go...

This paper analyses the fiscal performance of Turkey and Argentina during the period 2000 - 2021, when both countries faced rapid economic growth with the consequent impact on social welfare. This work explored two different systems: Centralization in Turkey and Federalism in Argentina and, in...

The Web of today whether you prefer to call it Web 2.0, Web 3.0, Web 5.0 or even the metaverse is at a critical stage of evolution and challenge – largely centered around its crisis of identity. Like teenagers who cannot assess properly their reason for being and do not seem ready to take...

Research Summary. This abductive study investigates how management occurs without managerial authority as part of a previously unseen organizational form—the decentralized platform with an independent market value. Our mixed-methods study of the cryptocurrency industry draws on fuzzy-set...