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The Token Economy: When Money Becomes Programmable

Research Overview

Author: Michael J. Casey
Release Date: September 28, 2017

Abstract:

A new phenomenon—initial coin offerings—enabled through blockchain technology is upending basic tenets of twentieth-century capitalism. This project frames the opportunity in terms of addressing the tragedy of the commons. He studies the development and ramification of the emerging token economy and walks through the landscape of token types. He previews the economic effects of digital scarcity, tokens as powerful incentives, and the legal and policy ramifications for securities law and property rights.

 

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Creative Commons License
This work is licensed under a Creative Commons Attribution- NonCommercial-NoDerivatives 4.0 International License.

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Creative Commons License
This work is licensed under a Creative Commons Attribution- NonCommercial-NoDerivatives 4.0 International License.

The Token Economy Infographic

Copyright 2017 Blockchain Research Institute ™.
This infographic is exclusively available for distribution to employees of BRI member organization.

 

Copyright 2018 Blockchain Research Institute.

This video is exclusively available for distribution to employees of BRI member companies.

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