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In this paper we outline the economics of healthcare as a problem of coordinating data and examine how blockchain … technology might be applied as new economic infrastructure to govern those data rights. We argue that blockchain as a technology …. We examine the potential of blockchain as new healthcare data infrastructure (including ensuring the integrity of …
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Investment is a function of expected profit, which involves calculation of the cost of trust. Blockchain technology is … that the adoption of blockchain technology into the economy will affect investment and capital structure. Using a broad … Austrian economic approach, we examine how blockchain technology will affect the cost of trust, patterns of investment, and …
Persistent link: https://www.econbiz.de/10012842961
investment might be a key factor in the adoption and development of this technological innovation. Governments can use blockchain … revolutionary origins, blockchain applications are likely to need government cooperation to facilitate adoption and the development … of the blockchain economic system …
Persistent link: https://www.econbiz.de/10012926194
immutable decentralised public ledger. When the ledger records money, a blockchain is a cryptocurrency, such as bitcoin. But … blockchain-based economic coordination and governance. We claim that blockchains are an instance of institutional evolution …
Persistent link: https://www.econbiz.de/10012913870
Web3, underpinned by blockchain technology, is an evolution of digital infrastructure, whereby protocol … trusted intermediaries. Existing blockchain experiments seek to create artist-centric business models, dismantling agency …, blockchain technology also enables artists to set the terms of their market participation. An emerging decentralised ‘internet of …
Persistent link: https://www.econbiz.de/10012872289
Drawing on economic transaction cost theory, this paper explores how blockchain and distributed ledger technology could …
Persistent link: https://www.econbiz.de/10012954682
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 public choice economics — is most promising, because it models blockchain …
Persistent link: https://www.econbiz.de/10012997206