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Article Dans Une Revue Journal of Institutional Economics Année : 2018

Blockchains and the economic institutions of capitalism

Résumé

Blockchains are a new digital technology that combines peer-to-peer network computing and cryptography to create an immutable decentralised public ledger. Where the ledger records money, a blockchain is a cryptocurrency, such as Bitcoin; but ledger entries can record any data structure, including property titles, identity and certification, contracts, and so on. We argue that the economics of blockchains extend beyond analysis of a new general purpose technology and its disruptive Schumpeterian consequences to the broader idea that blockchains are an institutional technology. We consider several examples of blockchain-based economic coordination and governance. We claim that blockchains are an instance of institutional evolution.

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Dates et versions

hal-01850927 , version 1 (28-07-2018)

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Sinclair Davidson, Primavera de Filippi, Jason Potts. Blockchains and the economic institutions of capitalism. Journal of Institutional Economics, 2018, 14 (4), pp.639 - 658. ⟨10.1017/S1744137417000200⟩. ⟨hal-01850927⟩
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