EconPapers    
Economics at your fingertips  
 

Understanding Smart Contracts: Hype or hope?

Elizaveta Zinovyev, Raphael Reule and Wolfgang Härdle ()

No 2021-004, IRTG 1792 Discussion Papers from Humboldt University of Berlin, International Research Training Group 1792 "High Dimensional Nonstationary Time Series"

Abstract: Smart Contracts are commonly considered to be an important component or even a key to many business solutions in an immense variety of sectors and promises to securely increase their individual efficiency in an ever more digitized environment. Introduced in the early 1990's, the technology has gained a lot of attention with its application to blockchain technology to an extent, that can be considered a veritable hype. Reflecting the growing institutional interest, this intertwined exploratory study between statistics, information technology, and law contrasts these idealistic stories with the data reality and provides a mandatory step of understanding the matter, before any further relevant applications are discussed as being "factually" able to replace traditional constructions. Besides fundamental flaws and application difficulties of currently employed Smart Contracts, the technological drive and enthusiasm backing it may however serve as a jump-off board for future developments thrusting well in the presently unshakeable traditional structures.

Keywords: Cryptocurrency; Smart Contract; Ethereum; CRIX (search for similar items in EconPapers)
JEL-codes: G02 G11 G12 G14 G15 G23 (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-ict and nep-pay
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/233510/1/1755347464.pdf (application/pdf)

Related works:
Working Paper: Understanding Smart Contracts: Hype or Hope? (2021) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zbw:irtgdp:2021004

Access Statistics for this paper

More papers in IRTG 1792 Discussion Papers from Humboldt University of Berlin, International Research Training Group 1792 "High Dimensional Nonstationary Time Series" Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().

 
Page updated 2024-07-04
Handle: RePEc:zbw:irtgdp:2021004