Summary of An Economic Analysis of Blockchains

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An Economic Analysis of  Blockchains summary
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Rating 

8 Overall

8 Importance

9 Innovation

7 Style

Recommendation

Blockchain’s ability to connect people and transactions in a decentralized manner has powerful implications for business, labor, data security and myriad other aspects of daily life. The jury is still out, however, on blockchain’s suitability over the longer term, given its many issues. Economist Patrick Waelbroeck takes a hard look at the economic questions that blockchain raises and shows that the path ahead is at once promising but uncertain. getAbstract recommends this analytical survey to both generalists and specialists for its bird’s-eye view of a burgeoning technology with potentially wide-reaching applications.

In this summary, you will learn

  • What capabilities blockchain offers and 
  • What economic issues this technology raises.
 

About the Author

Patrick Waelbroeck is a professor at Télécom ParisTech.

 

Summary

Blockchain can build an environment in which payments and access to goods and services can flow more readily. The technology creates permanent, unique digital records in a distributed fashion by linking data components into a chain that users cannot falsify. 

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