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 20th century capitalism. This project studies the development and ramification of the emerging token economy, its viability, and the legal and policy ramifications in terms of securities law and property rights.
This project explains the role of exchanges after initial coin offerings, compared to conventional initial public offerings. It compares crypto over-the-counter exchanges (Bitfinex, Coinbase) that enable peer-to-peer trading and on-chain decentralized exchanges (Oasis DEX) where all aspects of a trade occur on a blockchain.
Read MoreThis research takes a deep dive into 5G and its challenges. Its authors, Charlie Morris and Dieter Fishbein, then shift the conversation to peer-to-peer mesh networks, which have the potential to disrupt the current monopolistic structure of the telecommunications industry around the world. What blockchain brings to the Internet stack is an incentive layer for rewarding participation.
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