This practical introduction explains the field of Blockchain Economics, the economic models emerging with the implementation of distributed ledger technology. These models are characterized by three factors: open platform business models, cryptotoken money supplies, and Initial Coin Offerings as a new and official form of financing. The book covers a variety of approaches from a business and academic perspective, ranging from financial theory, complexity, and open innovation networks to behavioral economics, self-determination theory, public policy, and financial inclusion.
Unlike existing titles, this book draws on worldwide blockchain industry experts to define the new discipline of Blockchain Economics and provide novel theoretical and conceptual resources for the future of this fast-developing economy. The primer also highlights the wider theme of blockchain as an institutional technology, in that many value transfer interactions might be shifted to automated networks, decreasing the number of human-operated institutions.
As well as stimulating further research, and implementation by business innovators and public policy strategists, the book can also be used as a foundational textbook in courses on Blockchain Economics.
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I strongly recommend this book to anyone interested in the multi- and interdisciplinary approaches to blockchain economics. These international scholars and practitioners have adopted new approaches to analyze blockchain based on economic principles spanning across the biological, chemical and physical fundamentals. Ideas associated with natural sciences were deplored to look at implications of distributed ledgers, breaking away from traditional views, and giving the readers a fresh perspective to many previously unresolved issues. --David Kuo Chuen Lee, Singapore University of Social Sciences, Singapore
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