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...

It is argued that Blockchain technology can sustain any transaction of value in a manner that is secure and independent of interpersonal trust. Yet, there remains little understanding on whether and how this technology enables trust-free transactions. This paper provides a novel theoretical...

The purpose of this paper is to assess the possibility of using blockchain technology in the realm of public procurement within the EU, particularly in connection with the award of public contracts. In this context, blockchain is used as an umbrella term covering IT technologies and...

In this manuscript TSR-MPCHB is proposed for secure data transmission using remotesensing data. At first, Theil-Sen Regression is used to analyze data collectedon basis of geometric neutrality. This process reduces processing time ofsecure data transfer. MPCHB is used for secure data transfer....

We update Schumpeter’s original analysis, by placing his concept of the gales of creative destruction within the modern framework of Clayton Christensen’s concept of blockchain innovation. The income and wealth benefits of blockchain entrepreneurial economic growth are widely distributed,...

The current structure of blockchain governance, which is predominantly reward-based, faces a myriad of challenges regarding decision-making, centralized control, lack of incentives, and an overall absence of a value-driven network. To propose a solution, the study aims to (1) explore the...

The concept of blockchain technology came into existence from the first cryptocurrency, Bitcoin. It is a very new, complex and trusted technology, and researchers are working continuously to find a way to apply this disruptive technology in different areas. This paper discusses a brief concept...

There are numerous risks associated with mining and owning cryptocurrencies, and exploring and producing oil and natural gas are highly risky, costly, and controversial. A marriage of digital mining and exploring and producing oil and natural gas has reduced the major risks and costs for both...