Blockchain and Smart-contract: a pioneering Approach of inter-firms Relationships? The case of franchise networks

Richard Baron and Magali Chaudey (magali.chaudey@univ-st-etienne.fr)

No 1917, Working Papers from Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon

Abstract: This paper is interested in the analysis of Blockchains and Smart-contracts applied to inter-firms relationships, in particular the franchise networks. After defining the Blockchain technology and the Smart-contract as a particular type of contract stored in blockchains, we question the theory of contracts and its conception(s) of transactions, information asymmetries, firm or inter-firm relations. To better understand the challenges of blockchain for franchise networks and identify opportunities for implementation in these networks, we present some relevant applications of this technology. We identify different ways where blockchain technology could improve the network management and therefore their performance: the supply-chain, the brand-name protection, security and transparency in the payment of fees and royalties, access to reliable information via an oracle.

Keywords: Blockchain; Smart-Contract; Transaction cost; Network; Franchise (search for similar items in EconPapers)
JEL-codes: D86 L14 L81 O33 (search for similar items in EconPapers)
Date: 2019
New Economics Papers: this item is included in nep-bec, nep-cta, nep-ict, nep-ind and nep-pay
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Working Paper: Blockchain and Smart-contract: a pioneering Approach of inter-firms Relationships? The case of franchise networks (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:gat:wpaper:1917

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