Search Results - subject:"Distributed Ledger"

Blockchains and the Boundaries of Self-Organized Economies : Predictions for the Future of Banking

MacDonald, Trent - 2016

This chapter uses economic theory to explore the implications of the blockchain technology on the future of banking. We apply an economic analysis of blockchains based on both new institutional economics and public choice economics. Our main focus is on the economics of why banks exist as...

Persistent link: https://www.econbiz.de/10012996569

Economics of Blockchain

Davidson, Sinclair - 2016

Claims blockchain is more than just ICT innovation, but facilitates new types of economic organization and governance. Suggests two approaches to economics of blockchain: innovation-centred and governance-centred. Argues that the governance approach — based in new institutional economics and...

Persistent link: https://www.econbiz.de/10012997206

Virtual Currencies and Blockchains – Potential Impacts on Financial Market Infrastructures and on Corporate Ownership

Fico, Paola - 2016

Virtual communities have proliferated in recent years – a phenomenon triggered by technological developments and by the increased use of the internet and considered one of the most powerful innovations in finance in 500 years. After an initial enthusiastic phase, a trend change is underway....

Persistent link: https://www.econbiz.de/10012998429

The Bitcoin Blockchain as Financial Market Infrastructure : A Consideration of Operational Risk

Walch, Angela - 2016

Persistent link: https://www.econbiz.de/10013005078

The SKY Model of Limited BlockChain in an App Ecosystem

Hegadekatti, Kartik - 2016

Mobile App based market is rapidly becoming popular. As such, it is an opportunity to bring hassle-free transactions to people's mobile phones. But the multi-billion dollar App market pays a great amount of money in transaction costs and banking services. This paper provides a solution by...

Persistent link: https://www.econbiz.de/10012980724

Blockchain Technology : What is it Good for?

Ammous, Saifedean - 2016

This paper explains the functioning of “blockchain technology” and critically assesses its potential role in improving services in banking, contracts, and database systems. Comparing blockchain to the current best practice technology in these fields reveals several barriers to successful...

Persistent link: https://www.econbiz.de/10012984083

Blockchain Architectures for Electronic Exchange Reporting Requirements : EMIR, Dodd Frank, MiFID I/II, MiFIR, REMIT, Reg NMS and T2S

Peters, Gareth - 2016

Several international electronic financial exchanges have begun to announce they will explore the adoption of blockchain technology in their trade processing and reporting for execution and clearing. Therefore, in this work we will begin by providing a detailed discussion and overview of the new...

Persistent link: https://www.econbiz.de/10012984100

Disrupting Governance : The New Institutional Economics of Distributed Ledger Technology

Davidson, Sinclair - 2016

Distributed ledger technology, invented for cryptocurrencies, is increasingly understood as a new general …

Persistent link: https://www.econbiz.de/10012986518

Developing Blockchain Real-Time Clearing and Settlement in the EU, U.S., and Globally

Caytas, Joanna - 2016

Clearing and settlement of international securities transactions for indirectly held securities presents major challenges as the immense potential of blockchain technology creates the possibility of a tamper-proof consolidated audit trail, of almost infinitesimal transaction cost, and increased...

Persistent link: https://www.econbiz.de/10012987147

Distributed ledger technology & cybersecurity : improving information security in the financial sector

European Union Agency for Network and Information Security - 2016

Distributed ledger technology - commonly referred as Blockchain - has emerged as candidate for financial institutions … to reform their businesses. The speed and cost of doing business using distributed ledger technology is expected to … track the validity of ownership of funds, a distributed ledger maintains all transactions and holdings and is updated by a …

Persistent link: https://www.econbiz.de/10015292174