Blockchain and institutions: trust and (de)centralization

Plinio Limata ()
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Plinio Limata: Roma Tre University

International Review of Economics, 2024, vol. 71, issue 1, No 1, 17 pages

Abstract: Abstract Innovation and technology have been pivotal to last societies’ well-being. Among the most promising there is the blockchain, which has gained momentum with its narrative of disruption of many current institutions based on the libertarian promise that decentralized and trustless society and economy are possible. Technology and behaviors have reciprocal influence; this research investigates blockchains’ impacts on trust and (de)centralization, considered crucial aspects of markets and social functioning. The scope is to highlight the possible shortcomings and challenges of possible blockchain adoption on a large scale to construct a complementary and inclusive ecosystem that works for the general interest, avoiding unintentional negative impacts of a technology that may play a critical role in the infrastructure of our institutions.

Keywords: Blockchain; Institutions; Trust; Decentralization (search for similar items in EconPapers)
JEL-codes: A13 O33 P48 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s12232-023-00431-w

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