Disintermediation economics : the impact of blockchain on markets and policies / / Eva Kaili, Dimitrios Psarrakis, editors

• Pubblicazione: Cham, Switzerland : , : Palgrave Macmillan, , [2021]; ©2021
• Descrizione fisica: 1 online resource (339 pages)
• Disciplina: 382
• Soggetto topico: Blockchains (Databases) - Economic aspects
• Persona (resp. second.): KailiEva <1978->; PsarrakisDimitrios
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: Intro -- Contents -- Notes on Contributors -- List of Figures -- List of Tables -- 1 Disintermediation Economics: An Introduction -- Trust Engineered! -- Why Disintermediation-And Not Decentralization Economics? The Problem of Dealing with Randomness -- The Structure of the Book -- Bibliography -- Part I Disintermediation in Microeconomics -- 2 Blockchain as an Economic Optimization Problem: Value, the Firm and the Limits of Decentralization -- Defining Blockchain Economics -- What Is the Real Economic Value of Blockchain? -- Any Blockchain Architecture Design Is an Economic Optimization Exercise -- The Blockchain Value Generation Continuum -- Blockchain 4.0: Overcoming Socio-Political and Technological Constraints -- Conclusion -- Bibliography -- 3 Economics of Smart Contracts: Efficiency and Legal Challenges -- Definition and Idea of Smart Contracts -- Smart Contracts and Blockchain -- Possible Use Cases -- Beyond the Applications: Smart Contracts and Economic Theory -- Contract Completeness and Smart Contracts -- Dynamic Contracting and Smart Contracts -- Making Smart Contracts, Smarter I: Physical and Programmable Intermediation -- Curators -- Oracles -- Making Smart Contracts, Smarter II: Ricardian Contracts -- Conclusion -- Bibliography -- 4 Corporate Strategies for Blockchain-Based Solutions -- What Blockchain Means for Businesses -- Market Outlook -- Why Companies Leverage Blockchain -- Corporate Demand for Blockchain Solutions -- When Blockchain Strategy Becomes the Business Model... -- Or the Operating Model to Deliver Value -- Capturing Business Through Tokenization -- How Companies Build Blockchain Services -- Blockchain Strategy -- The Consortium Model -- Platform Design -- Solution Architecture -- Use Case Design -- How to Engage with the Innovation Ecosystem -- Lead Collaboration with Emerging Disruptors. ; Build Business Models for Mainstream Digital Assets -- Design and Implement New Operating Models -- Design and Implement Leading Enterprise Solutions -- Co-create Solutions with Alliance Partners -- From Blockchain-Inspired to Blockchain-Complete -- Bibliography -- 5 Distributed Data Economics -- Part I: Foundations for Distributed Data Economics -- The Potential of Distributed Data -- The Data Aggregators -- The Emergence of Fine-Grained Human Behavioural Data -- Oligopoly Platform Companies -- Part II: Legacy Data Economics -- Data Depletion -- The Value of Personal Data -- Industry Valuation of Consumers -- Consumer Self-Worth -- The Societal Cost of Legacy Data Models -- The Economics of Privacy -- Cyber (In)security -- Part III: New Generation Data Ecologies -- Social Physics of Personal Data -- Emergent Regulation: GDPR, PSD2, Open Banking, and the California Consumer Privacy Act -- Part IV: The Distributed Data Economy -- Laying the Groundwork for Distributed Data -- Distributed Data Ethics -- Governance for the New Data Order -- Data for the People -- Distributed Data Policy -- Part II Disintermediation in Macroeconomics and Finance -- 6 Blockchain for Growth: Applying DLTs to the UN Sustainable Development Goals -- Introduction -- Blockchain and the SDGs -- SDG 1-No Poverty -- Digital Identity -- Land and Assets Registration -- Humanitarian Settings -- Financial Inclusion -- SDG 2-Zero Hunger: Agriculture Supply Chains -- SDG 3-Good Health and Well-Being -- SDG 5-Gender Equality -- SDG 6-Clean Water -- SDG 7-Affordable and Clean Energy -- SDG 13-Climate Action -- SDG 17-Partnerships for Goals: Global Commons-Technology as a Global Public Good -- The Winds of Change -- Building a Digital Ecosystem -- Government -- Business -- UN and Global Community Action -- Conclusion -- References. ; 7 The New Money: The Utility of Cryptocurrencies and the Need for a New Monetary Policy -- Introduction: From Digital Payments to Digital Cash -- Cryptocurrencies -- What Are Cryptocurrencies? -- The Economics and Finance of Cryptocurrency: Network, Incentives and Markets -- Monetary Policy Considerations in the Presence of Non-Sovereign Cryptocurrencies -- Central Bank Digital Currencies (CBDC) -- What Problems Can CBDC Solve? -- Why Do We Need CBDCs? -- Risks -- Challenges of Digital Money -- Interbank Payment Network -- Wholesale Payment -- Retail Payment -- The Europe and Asia Perspective -- The Europe Perspective -- The Asia Perspective -- A General Framework -- Comparing Different Central Bank Approaches to Issuing Digital Currency -- Conclusion: What Would Likely Happen in the Future? -- Appendix 1: The Timeline of Chinese Study of the CBDC -- Appendix 2: MAS Timeline of Project Ubin, Digital Bank Licenses and Payment Services Act -- Appendix 3: Other Notable International Initiatives, Research and Recommendations -- References -- 8 Privately Issued Digital Currencies -- Introduction -- The Rise of Cryptocurrencies -- Circulation in Code -- Compressing Innovation -- Digital Numismatics -- Programmable Money -- Fintechnocrats -- A Thousand Flowers Blooming -- Double-Blind Digital Currencies -- Digital Currencies in Circulation -- Competition or Completion? -- Scaling the Walled Gardens -- Geoeconomics and Geopolitics -- 9 Crypto-Assets, Distributed Ledger Technologies and Disintermediation in Finance: Overcoming Impediments to Scaling: A View from the EU -- Introduction -- Part I: In Search of Clarity and Consistency: One Application, One Set of Rules? -- Challenge 1: Establishing a Dialogue-Building a Culture of Openness to Experimentation. ; Challenge 2: Squaring the Circle: Traditional Intermediary and Process Requirements and Potential New Alternatives -- Challenge 3: Identifying the Applicable Regulatory Requirements Where Activities Involve Crypto-Assets -- Challenge 4: Reconciling the Operation of DLT with EU Data Protection Law -- Challenge 5: Determining Governing Law -- Part II: A Digital Finance Strategy for Europe -- The Pilot Regime -- Markets in Cryptoassets (MiCA) -- Other Actions Underway -- 10 Crypto-Assets and Disintermediation in Finance: A View from Asia -- The Crypto Narrative -- Emergence -- Counteraction -- Traction -- Point of No Return -- The Current Status Quo -- Status and Treatment of Crypto-Assets -- Japan -- Hong Kong -- Mainland China -- Other Jurisdictions -- Developments in Other Financial Products Related to Crypto-Assets -- Issues for Ecosystem Development -- The Problem of Diversity -- The Problem of Patchy Integration -- ... and Patchy Support -- Taxonomies and Technology Neutrality -- An Alternative-DBA Taxonomy -- Considerations for a Setting New Bearing -- Regulatory Incrementalism -- A Paradigm -- Suggestions for Policy Development -- Asia Tomorrow -- Bibliography -- Part III Disintermediation in Political Economy and Regulation -- 11 The Political Economy of the Blockchain -- Decentralized Decision-Making -- Trust -- The Promise: Make Your Own Revolution and Cut Out the Middleman! -- Regulatory Approaches to Decentralized Digital Technologies -- Self Determination and Data Management -- Conclusion -- Bibliography -- 12 Regulating Blockchain in the EU: Building a Global Competitive Advantage -- Introduction -- The Blockchain Resolution of the European Parliament: Context and Content -- What Blockchain Principles the Regulator Should Take into Consideration -- Conclusion: Advancing Innovation with Regulatory Sandboxes -- Bibliography. ; 13 Advancing Digital Transformation in the Public Sector with Blockchain: A View from the European Union -- Introduction -- The Blockchain and the Public Sector: Principles and Experience from the European Commission -- A Short Introduction to Blockchain Technology -- Blockchain Applied to the Public Sector -- Reconciliation of Information -- What Is the Problem to Be Solved? -- How to Disintermediate? -- What Are the Challenges to Make This a Reality? -- Notarization of Information -- What Is the Problem to Be Solved? -- How to Disintermediate? -- What Are the Challenges to Make This a Reality? -- The European Blockchain Services Infrastructure (EBSI) -- History -- Guiding Principles -- Architecture -- Next Steps -- Bibliography -- 14 Disposable Identities? Why Digital Identity Matters to Blockchain Disintermediation and for Society -- Identity: Greater Than the Sum of Technologies -- The Deep Implications of Digital Id -- User Profiling and Digital Privacy -- Systemic Impacts on Society -- Impacts on Individual Lives: From Online to Offline -- Geopolitical Impacts -- State of Play -- UN, World Bank and the Sustainable Development Goals -- 5G, Open Banking and Global Corporate Strategies -- The EU Legislation Shaping Digital ID -- The EU EID Landscape -- The Case of ITSME -- The Once-Only-Principle at EU Scale -- The Potential for an EU Solution to Emerge -- Findings from EU NGI Projects -- Trust Frameworks -- "Disposable Identities". -- Conclusions -- Conclusion -- Index.
• Titolo autorizzato: Disintermediation Economics
• ISBN: 3-030-65781-7
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910488713803321
• Lo trovi qui: Univ. Federico II