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Economics of Blockchain

Abstract 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 …. Read More

Economics of Blockchain

By : Sinclair Davidson, Primavera De Filippi , Jason Potts

Abstract 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 as a new technology for creating spontaneous organizations, i.e. new types of economies. Illustrates this with a case study of  the Ethereum-based infrastructure protocol and platform Backfeed.

 

To Read More SSRN-id2744751