Markets for Rules: The Promise and Peril of Blockchain Distributed Governance | Zendy

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Markets for Rules: The Promise and Peril of Blockchain Distributed Governance

Author(s) -

Nick Cowen

Publication year - 2018

Publication title -

ssrn electronic journal

Language(s) - English

Resource type - Journals

ISSN - 1556-5068

DOI - 10.2139/ssrn.3223728

Subject(s) - blockchain , corporate governance , cryptocurrency , business , distributed ledger , computer security , computer science , finance

Purpose: Explore the possible contributions of blockchain technology to creating new governance structures that facilitate social cooperation. Methodology: Conceptual analysis with key ideas in new institutional economics and political theory. Findings: Blockchain technology provides a new tool through which political entrepreneurs can credibly alienate some of their power within a system of rules that they have established. Originality: Links discussion of blockchain entrepreneurship in commercial markets to research into private governance and political thought.

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