Employing representative data from the U.S. Survey of Consumer Payment Choice, we disprove the hypothesis that cryptocurrency investors are motivated by distrust in fiat currencies or regulated finance. Compared with the general population, investors show no differences in their level of...

Background: Companies partaking in modern supply chains face numerous intra- and interorganizational barriers when it comes to the adoption of blockchain technology. Empirical research is missing that explores how exactly these barriers can be overcome. In this paper we first explore barriers...

Blockchains have enabled innovation in distributed economic institutions, such as money (e.g. cryptocurrencies) and markets (e.g. DEXs), but also innovations in distributed governance, such as DAOs, and new forms of collective choice. Yet we still lack a general theory of blockchain governance....

This paper shows how some MEV practices, resulting in unfair appropriation of the value created by all users, by a small set of blockchains actors is similar to free-riding. In particular we demonstrate that this new form of free-riding is made possible precisely by the design of blockchains...

The emergence of Bitcoin and the underlying blockchain technology have enabled novel solutions for creating, transacting, and validating digital assets. In this vein, inspired by Bitcoin, a variety of projects has been building blockchain-based “decentralized” business models (BDBM), market...