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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
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
What are the long-run economic and policy consequences of wide-spread blockchain technology adoption? We examine the …, and discuss policy settings for an economy coordinated with blockchain infrastructure and associated distributed digital … trust and coordination). We argue that the institutional innovation of blockchain engenders a new post-industrial economic …
Persistent link: https://www.econbiz.de/10012906676
What are the long-run economic and policy consequences of wide-spread blockchain technology adoption? We examine the …, and discuss policy settings for an economy coordinated with blockchain infrastructure and associated distributed digital … trust and coordination). We argue that the institutional innovation of blockchain engenders a new post-industrial economic …
Persistent link: https://www.econbiz.de/10012906677
propelled modern globalisation. In this paper we analyse the application of blockchain to reduce the trade costs of producing … — such as paperless trade agendas — through the application of new technologies. Our focus is on how blockchain technology … information about goods as they move. We outline the potential economic consequences of blockchain supply chains before examining …
Persistent link: https://www.econbiz.de/10012899407
class of institutional technologies — most notably blockchain technology — lower the cost of institutional entrepreneurship … policy settings conductive to the adoption and use of blockchain technology would elicit entrepreneurial experiments in … institutional forms harnessing new coordinative possibilities in economic exchange. Conceptualisation of blockchain-related public …
Persistent link: https://www.econbiz.de/10012899589
apply Oliver Williamson's transactions cost analysis to the blockchain consensus mechanism. Blockchains reduce the costs of …
Persistent link: https://www.econbiz.de/10012943219
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 …
Persistent link: https://www.econbiz.de/10012869459
ledgers. Third, we argue that as blockchain augments and complements existing governance structures, it creates a more robust …
Persistent link: https://www.econbiz.de/10012849996
institutional economics to analyse the expected impact of adoption of blockchain technologies on economic development. We propose …
Persistent link: https://www.econbiz.de/10012850171