The universal Turing institution

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Chapter 3 in Understanding the Blockchain Economy, 2019, pp 37-53 from Edward Elgar Publishing

Abstract: This chapter considers blockchains as constitutional orders. Blockchains compete and complement with firms, markets, governments, clubs, and the commons. Additionally, their versatility (the constitution can be varied for each application) allow them to adopt the characteristics of other institutions. The authors call this the ‘universal Turing institution’. The chapter then explores the dynamics of institutional and constitutional innovation in distributed ledgers.

Keywords: Economics and Finance; Innovations and Technology (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (1)

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