Creation of a Blockchain and a New Ecosystem

Makoto Yano, Chris Dai, Kenichi Masuda and Yoshio Kishimoto

Policy Discussion Papers from Research Institute of Economy, Trade and Industry (RIETI)

Abstract: This study points out issues towards a better use of blockchain technology. It first identifies the role of data as the third major productive resources next to labor and capital in the digital economy and explains that block chain technology may facilitate an efficient and fair use of this important production factor. Blockchain technology may fundamentally change the current economy in three respects: (1) Data ownership, (2) money, and (3) data industry.

Pages: 18 pages
Date: 2019-11
New Economics Papers: this item is included in nep-pay
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https://www.rieti.go.jp/jp/publications/pdp/19p029.pdf (application/pdf)

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Chapter: Creation of Blockchain and a New Ecosystem (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:eti:polidp:19029

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