The Economics of Blockchain and Cryptocurrency : A Transaction Costs Revolution

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.

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
Nicolás 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

About the Author