Over the past 50 years, the financial sector has become one of the most digitalized, globalized, and regulated sectors of the global economy. Since the late 1960s, with the advent of the first ATM and the handheld calculator, finance has rapidly digitized and globalized in developed markets and...

Given the potential benefits of blockchain, it is imperative to incorporate a stable decentralized governance structure capable of promoting network value and reliability through a set of community-agreed rules and behaviors. Political scientist Elinor Ostrom’s polycentric approach to...

The current structure of blockchain governance, which is predominantly reward-based, faces a myriad of challenges regarding decision-making, centralized control, lack of incentives, and an overall absence of a value-driven network. To propose a solution, the study aims to (1) explore the...

In October 2020, the G20 endorsed a significant initiative to enhance cross-border payments. Faster, cheaper, more transparent, and more inclusive cross-border payment services will deliver widespread benefits for citizens and economies worldwide, supporting economic growth, international trade,...