Blockchain's struggle to deliver impersonal exchange
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- dc.contributor.author Arruñada, Benitoca
- dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
- dc.date.accessioned 2018-02-14T15:30:11Z
- dc.date.available 2018-02-14T15:30:11Z
- dc.date.issued 2017-01-18
- dc.date.modified 2018-02-14T15:29:09Z
- dc.description.abstract The paper identifies what value blockchain adds to the contractual and property processes, exploring its potential and analyzing the main difficulties it is facing. It argues that, contrary to naive conceptions that proclaim the end of intermediaries and state involvement, blockchain applications will rely on a variety of interface, completion and enforcement specialists, including standard public interventions, especially for property transactions. Without these interventions, blockchain applications will at most enable trade in in personam claims instead of in rem rights , therefore facilitating personal instead of truly impersonal that is, asset-based transactions.
- dc.format.mimetype application/pdfca
- dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1549
- dc.identifier.citation Minnesota Journal of Law, Science & Technology, 19, 55-105.
- dc.identifier.uri http://hdl.handle.net/10230/27993
- dc.language.iso eng
- dc.relation.ispartofseries Economics and Business Working Papers Series; 1549
- dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
- dc.rights.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
- dc.subject.keyword property rights
- dc.subject.keyword enforcement
- dc.subject.keyword transaction costs
- dc.subject.keyword impersonal exchange
- dc.subject.keyword Blockchain
- dc.subject.keyword distributed ledgers
- dc.subject.keyword Business economics and Industrial organization
- dc.title Blockchain's struggle to deliver impersonal exchangeca
- dc.title.alternative
- dc.type info:eu-repo/semantics/workingPaper