An Economic Analysis of Blockchains

Blockchain’s ability to connect people and transactions in a decentralized manner has powerful implications for business, labor, data security and myriad other aspects of daily life. The jury is still out, however, on blockchain’s suitability over the longer term, given its many issues. Economist Patrick Waelbroeck takes a hard look at the economic questions that blockchain raises and shows that the path ahead is at once promising but uncertain. getAbstract recommends this analytical survey to both generalists and specialists for its bird’s-eye view of a burgeoning technology with potentially wide-reaching applications.