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Investment is a function of expected profit, which involves calculation of the cost of trust. Blockchain technology is a new institutional technology (Davidson et al 2018) that industrialises trust (Berg et al 2018). We therefore expect that the adoption of blockchain technology into the economy...
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Contents 1. Introduction -- 2. The institutional economics of blockchain -- 3. The universal turing institution -- 4. The microfoundations of ledgers -- 5. Money, dequity, and the barter economy of the future -- 6. Supply chains and identity -- 7. The V-form organisation and the future of the...
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Introduction to blockchain technologies -- Blockchain in sports and marketing business models -- Truth and trust in sports -- Sports data as an economic output -- New organisation forms in sports -- eSports and the metaverse -- The future for blockchain in sports.
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Bitcoin disrupted money, and smart contracting technology and digital assets are further disrupting finance. Blockchain trade platforms are disrupting global supply chains. But the biggest disruption that blockchain might bring is to disrupt government. Government is an institutional technology...
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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
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
Drawing on economic transaction cost theory, this paper explores how blockchain and distributed ledger technology could shift the smart city agenda by altering transaction costs with implications for the coordination of infrastructures and resources. Like the smart city the crypto city utilizes...
Persistent link: https://www.econbiz.de/10012954682