Similar to the early days of the Internet, today, the effectiveness and applicability of legal regulations are being challenged by the advent of blockchain technology. Yet, unlike the Internet, which has evolved into an increasingly centralised system that was largely brought within the reach of...

Blockchain technology was first elaborated as a part of the Bitcoin network, a decentralizedpayment system and virtual currency that can be traded on a peer-to-peer network, without relying on banks or other financial institutions. Deployed in 2009 by a pseudonymous entity called Satoshi...

In this paper, by comparing initial public offerings (IPOs) and initial coin offerings (ICOs), we study the impact of blockchain technology on financial regulation. After an initial study of the underlying principles driving both processes, we establish an extensive typology of ICOs and present...

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...

Decentralized architectures are gaining popularity as a way to protect one’s privacy against the ubiquitous surveillance of states and corporations. Yet, in spite of the obvious benefits they provide when it comes to data sovereignty, decentralized architectures also present certain...