We examine how blockchain technology can be used to combat counterfeiting. Specifically, we consider a market that consists of a manufacturer and a counterfeiter. The manufacturer can either use blockchain or signal through pricing to validate product authenticity. Customers have privacy...

While most of these blockchain-based organizations have been—thus far—developed mostly to facilitate the coordination of individuals in the digital world, the possibilities provided by these new organisational structures can also be found in the physical world. Cities, municipalities and...

A blockchain is a digital ledger that keeps track of a record of ownership without the need for a designated party to update and enforce changes to the record. The updating of the ledger is done directly by the users of the blockchain and is traditionally governed by a proof-of-work (PoW)...

Current shareholder engagement systems face large classical inefficiencies. First, due to the large chains of intermediaries in the current securities models, transaction costs are high and shareholder votes and other information are not always correctly transmitted between shareholders and...

This paper offers an analysis of cryptocurrencies and blockchain's technical underpinnings, specifically of Non-Fungible tokens and “cryptocollectibles”, and the changes these innovations can bring about in the art market and creative industries at large. The paper is based on a...

The development of blockchain and cryptocurrency may alleviate the economic strain associated with recession. Economic recessions tend to be aggregate demand driven, meaning that they are caused by fluctuations in the supply of or demand for money. Holding monetary policy as solution assumes...

Purpose: The energy sector has experienced insignificant growth over the past few decades, despite the global shift towards renewable resources. As Blockchain technology and the IoT begin to disrupt multiple industries, utilities and individuals are both presented with the opportunity to...

Initial coin offerings (ICOs) have emerged as a new mechanism for entrepreneurial finance, with parallels to initial public offerings, venture capital, and pre-sale crowdfunding. In a sample of more than 1,500 ICOs that collectively raise $12.9 billion, we examine which issuer and ICO...