Distributed ledger technology and economic contract innovation
Authors: 
Hao Sun, Yadong HuangAuthors Info & Claims
Article No.: 15, Pages 1 - 7
Abstract
Similar1 to the economic system of the resource allocation of market and enterprise, distributed ledger technology may support an institutional form between decentralization and centralization, especially the smart contract that runs on it. The smart contract supports a more flexible, de-intermediary economic contractual relationship potentially. So distributed ledger technology can also be considered as an institutional technology [1]. According to the economic method, regarding the transaction cost as the basic unit, based on the technical and business characteristics of the distributed ledger, we analyzed economic contract innovation scenarios of distributed ledgers, and found important institutional features, including de-intermediation, intelligence and miniaturization. In addition, we made a preliminary empirical analysis through decentralized exchanges.
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Index Terms
- Distributed ledger technology and economic contract innovation
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Published In
July 2018
220 pages
ISBN:9781450365871
DOI:10.1145/3265689
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Association for Computing Machinery
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Published: 28 July 2018
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ICCSE'18
ICCSE'18: The 3rd International Conference on Crowd Science and Engineering
July 28 - 31, 2018
Singapore, Singapore
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ICCSE'18 Paper Acceptance Rate 33 of 89 submissions, 37%;
Overall Acceptance Rate 92 of 247 submissions, 37%
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