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1 IPNL - Institut de Physique Nucléaire de Lyon 2 CERSA - Centre d-Etudes et de Recherches de Sciences Administratives et Politiques 3 BioSS - Biomathematics and Statistics Scotland

Abstract : Claims blockchain is more than just ICT innovation, but facilitates new types of economic organization and governance. Suggests two approaches to economics of blockchain: innovation-centred and governance-centred. Argues that the governance approach — based in new institutional economics and public choice economics — is most promising, because it models blockchain as a new technology for creating spontaneous organizations, i.e. new types of economies. Illustrates this with a case study of the Ethereum-based infrastructure protocol and platform Backfeed.

Keywords : blockchain cryptoeconomics catallaxy public choice institutional eocnomics

Author: Sinclair Davidson - Primavera De Filippi - Jason Potts -



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