Because the blockchain is a secure system that enables a trusted network it may be described as a value-exchange protocol. In this respect, it is often said that what the web did for the exchange of information the blockchain does … Read the rest
THE PLUG-N-PLAY ENTERPRISE
A central concern of economics is the question of how do people work together within some form of enterprise and then redistribute the value created by that collective effort, in a way that is optimal for the … Read the rest
TRUST AND TRANSPARENCY
In a Facebook survey done in 2016 asking millennials if they trust banks, 92% of them said they do not trust banks.
In contrast to this, the blockchain is creating a new form of native digital trust … Read the rest
INTRINSIC AND EXTRINSIC TOKENS
With major technological, social and economic processes of change underway we are fast moving away from the well-established model of the Industrial Age and into a new form of digital networked economy, where the traditional well … Read the rest
The blockchain is a new modality for organizing society and economy, as such it is often referred to as an institutional technology.
Professor Jason Potts talks about this as such, “this isn’t a story about how the economy grows because … Read the rest
Economic forces are everywhere. They shape and structure our everyday lives. It’s how we organize people, resources, and technology to create and exchange value within society.
During the modern era those forces came to be channeled and structured within a … Read the rest