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Corporations and other forms of business organizations can be supplemented with blockchain-based agency constructs. Blockchain-based decentralized autonomous organizations (DAOs) expand the definition of the firm. On-chain DAO governance enables dynamic regulatory features that facilitate...
Persistent link: https://www.econbiz.de/10012848060
The evolution of blockchain technology as a foundational and transformational technology helps solve critical societal problems. Blockchain technology enables sustainability-focused blockchain initiatives to achieve their social and public welfare objectives. Using a dataset of...
Persistent link: https://www.econbiz.de/10014031506
The authors examine the emergence and proliferation of stable cryptocurrencies and their uses. After evaluating the core shortcomings associated with fiat currencies, the authors highlight the benefits of stable cryptocurrencies for monetary policymaking, overall market stability, and their...
Persistent link: https://www.econbiz.de/10014032833
A large consensus in the literature suggests that law has a diminishing capacity to react to innovation. After summarizing the commonalities between the law and technology literature and the literature on dynamic regulation in the analysis of the so-called pacing problem between regulation and...
Persistent link: https://www.econbiz.de/10014034803
The Secure Proof of Stake protocol (SPoS) uses a reputation-verification platform to solve the centralization, efficiency, and security problems that afflict existing blockchain consensus protocols. At heart, a secure proof of stake protocol follows naturally from a secure decentralized...
Persistent link: https://www.econbiz.de/10014116111
Persistent link: https://www.econbiz.de/10013294935
Existing valuation metrics for legacy assets only limitedly apply in the context of digital assets. The valuation infrastructure in the current legal, accounting, technology, and back-office framework in combination with the immaturity of the digital asset market create an environment of digital...
Persistent link: https://www.econbiz.de/10013299315
The nomenclature for the term “securities token” is unclear and the term securities token has not been defined. The lack of a clearly delineated nomenclature resulted in various uses and interpretations of the term securities token, especially vis-à-vis the term “utility token.” This...
Persistent link: https://www.econbiz.de/10013306437
Fair Token Launches (Fair Launch) on average outperform most traditional digital asset projects. The comparative advantage of Fair Launches derives largely from their ability to remedy many of the perceived inequitable token launch practices of traditional digital asset projects. This article...
Persistent link: https://www.econbiz.de/10013307716
The paper examines the existing shortcomings in the open-source code review process and how decentralized autonomous organizations can help optimize the code review process and quality. Optimized code reviews and code review processes, in turn, can help create open-source software standards. The...
Persistent link: https://www.econbiz.de/10013309816