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Unlike conventional contracts established through speech, written words, or actions, smart contracts are algorithmic, self-executing and self-enforcing computer programs. In this article, we analyze smart contracts from the perspective of digital platforms and the Finnish contract law. We...
Persistent link: https://www.econbiz.de/10012037688
Persistent link: https://www.econbiz.de/10013342551
Although there are currently four retail central bank digital currencies in circulation, no central bank has yet issued the wholesale form of a central bank digital currency. There are good reasons to do so, however, and central banks have already conducted projects in this area. A wholesale...
Persistent link: https://www.econbiz.de/10014485127
the manner of a decision-making process within a governance system. The technological characteristics of blockchain … far proved very difficult to seed large-scale commercial DLT (blockchain) projects lies in the arena of project ownership … and governance. Unlike classic centralised database systems, DLTs have no one central point of "ownership" of any of the …
Persistent link: https://www.econbiz.de/10012049407
technosocial system is deemed permissionless if it is possible to participate in the use, development, and governance of that … is much more broadly applicable then just blockchain systems although it is relevant to decentralized systems. It can be … conceptualised as a technical attribute, an ideology, and a cultural value, and links to the access, control, governance, entry and …
Persistent link: https://www.econbiz.de/10013194754
The notion of smart and sustainable cities offers an integrated and holistic approach to urbanism by aiming to achieve the long-term goals of urban sustainability and resilience. In essence, a smart and sustainable city is an urban locality that functions as a robust system of systems with...
Persistent link: https://www.econbiz.de/10014323776
The aim of this paper is to analyze how the governance of an enterprise blockchain ecosystem changes as it matures and … increases in size. A review of the literature serves to identify five behavioral drivers of governance, which appear to affect … the long-term viability of a blockchain ecosystem: access rights, decision rights, incentives, accountability, and …
Persistent link: https://www.econbiz.de/10014333035
The blockchain is a technology that goes beyond timestamping, bitcoin and secure financial transactions. The … development of an ecosystem around smart connected objects will probably not happen without the blockchain (in one form or another …). The blockchain opens the door to the liquification of the physical world, to the economy of real-time micro …
Persistent link: https://www.econbiz.de/10011815786
We develop a theory of blockchain governance. In our model, the proof-of-work system, which is the most common set of … services. We analyze the two-way interactions between blockchain governance and the market structure of the industries in the … blockchain ecosystem. Our main result is that the proof-of-work system leads to a situation where the governance of the …
Persistent link: https://www.econbiz.de/10012144224
blockchain-based climate governance projects conjure? This paper scrutinizes the shared visions materializing across climate … founded the Climate Chain Coalition (CCC). Backed by a number of multi-stakeholder groups like the Blockchain for Climate … more effective output required to overcome the legitimacy crisis facing market-led climate governance. …
Persistent link: https://www.econbiz.de/10012542220