The economics of blockchain and cryptocurrency : a transaction costs revolution

Bibliographic Information

The economics of blockchain and cryptocurrency : a transaction costs revolution

edited by James Lee Caton

Edward Elgar, c2022

  • : cased

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Includes bibliographical references and index

Description and Table of Contents

Description

This timely book is an innovative look at how blockchain technology will transform the structure of social and economic life. The security of blockchain supports the provision and maintenance of reliable databases and the creation of rule-based governance protocols. Leading contributors expertly review the impact of blockchain on existing structures of law, monetary systems, supply chains and business organizations. Using economic and institutional theory, the book presents a vision for understanding the future development of blockchain technology and outlines the likely path of transformation that blockchain will drive in industry, supply chains and firms. Furthermore, it answers key questions such as: will Bitcoin or another cryptocurrency become the money of the future? How has blockchain already begun transforming economic activity? How can we evaluate the likely trajectory of technological development and application? This informative book is an excellent resource for academics or professionals interested in a theoretically sound perspective on blockchain. Written in an accessible prose, it provides an introduction for non-experts looking to learn more about the wide-ranging implications of blockchain and cryptocurrency.

Table of Contents

Contents: Introduction to The Economics of Blockchain and Cryptocurrency x James Lee Caton 1 Institutional cryptoeconomics 1 Sinclair Davidson and Jason Potts 2 Can cryptocurrencies become a commonly accepted means of exchange? 13 Nicolas Cachanosky 3 Fiat money, cryptocurrencies and monetary theory 29 David Glasner 4 The value of bitcoin in the year 2141 (and beyond!) 51 Joshua R. Hendrickson and William J. Luther 5 The Silicon Savannah: exploring the promise of cryptocurrency in Africa 69 Scott Burns 6 How blockchain technology can impact agriculture 95 Prithviraj Lakkakula and William W. Wilson 7 Blockchain and the law - legality, law-like characteristics, and legal applications 117 Eric Alston 8 Signals and incentives in blockchain applications 145 Cameron Harwick 9 Trustless architecture and the V-form organization 165 Chris Berg, Sinclair Davidson and Jason Potts 10 On V-form firms: governance, cryptocurrency, and internalization on the blockchain 181 James Lee Caton Index

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