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Blockchains’ twilight zones. A reasoned literature review for a critical primer

Plinio Limata ()
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Plinio Limata: LUMSA University

No wp76, Econometica Working Papers from Econometica

Abstract: This literature review focuses on certain critical aspects of blockchain technology. Trust, (de)centralization and law are pivotal to the functioning of markets and society in general; blockchain promises to deeply transform both, and their correlated institutions. Technology and behaviors have a reciprocal influence. Results show several issues that must not be underestimated in order to develop the applications of the blockchain properly, and therefore reach shared benefits and avoid unintentional negative impacts at both micro (individual) and macro (societal) level.

Keywords: blockchain; trust; law; decentralized governance (search for similar items in EconPapers)
JEL-codes: A13 D23 D26 K24 L17 O33 Z13 (search for similar items in EconPapers)
Pages: 42
Date: 2019-11
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