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 …

Distributed ledger technology emerged in 2009 as the protocol behind bitcoin, a cryptocurrency with origins in the … 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 …

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 …

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 …

Contents 1. Introduction -- 2. The institutional economics of blockchain -- 3. The universal turing institution -- 4 … identity -- 7. The V-form organisation and the future of the firm -- 8. Public policy in a blockchain era -- 9. Capitalism …"Offering the first scholarly analysis of the economic nature of blockchains and the formation of the blockchain …

Abstract. Blockchain (or crypto) foundations are nonprofit organizations that supply public goods to a crypto …, i.e. raising a public treasury and allocating resources to blockchain specific capital works, education, R&D, etc., to … quality chain could afford to do (Spence 1973). We review these two models of the economic function of a blockchain foundation …