Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/176912
Authors: 
Waelbroeck, Patrick
Year of Publication: 
2018
Series/Report no.: 
CESifo Working Paper 6893
Abstract: 
The blockchain is a technology that goes beyond timestamping, bitcoin and secure financial transactions. The development of an ecosystem around smart connected objects will probably not happen without the blockchain (in one form or another). The blockchain opens the door to the liquification of the physical world, to the economy of real-time micro-transactions and to smart data sharing. However, it is necessary to distinguish between the different types of blockchains, especially between public and private blockchains, because their economic properties are contrasted. Moreover, governance issues in public blockchains seem to indicate that the technology alone cannot guarantee trust.
Subjects: 
blockchain
bitcoin
ether
security
payment
governance
trust
oracles
forks
hash
smart contracts
tokens
smart locks
technology diffusion
crypto-currency
financial privacy
JEL: 
E51
G34
H41
L14
L52
Document Type: 
Working Paper
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