Blockchains and Byzantine Fault Tolerance form the basis of decentralized currencies and ledgers such as Bitcoin, Ripple, ZeroCash, and Ethereum. A large slate of literature has focused on the currency aspects (e.g. anonymity, independence from central banks, etc.). We argue that, as-far-as...

We present a new conceptual model of disruptive innovation and apply it to distributed ledger technology. Our analysis illustrates the new features of this technology and why there is an argument that, in several respects, the combination of distributed ledger technology and cryptographically...