blockchain

Algorithmic Governance: The Case of Decentralized Exchanges on Blockchains

Funded Research Proposal

This project studies how algorithmic governance affect economic coordination in the context of blockchain-based organizations. Specifically, the project studies the algorithmic governance structures adopted among decentralized exchange protocols deployed on blockchains. The project documents and develops frameworks to understand variation in the kinds of structures adopted. In addition, the project examines how the adoption of different kinds of governance structures affect the decentralized coordination among individuals.…Read More

Opportunities and Risks in Decentralized Lending

Funded Research Proposal

Currently, the amount of outstanding loans on the top 3 decentralized lending platforms are over $15 billion – this reflects phenomenal growth, as the space was nonexistent five years ago. What is decentralized lending? And what are the opportunities and risks associated with it?…Read More

Using Blockchain to Insure Against Climate Risk

Funded Research Proposal

Climate change will increase extreme weather events such as floods, droughts, and storms. In addition to tragic direct consequences that include deaths and physical damage to homes and businesses, climate change threatens to suppress business investments and slow economic growth by increasing the risk associated with capital investment.…Read More

To Mine or To Trade? An Investigation on the Sustainability of Blockchain Development and Cryptocurrency Market

Funded Research Proposal

The cryptocurrency market has grown rapidly in recent years and become a popular innovative platform for the purpose of investment. Its underpinning blockchain infrastructure has been designed to keep track of trusted financial transactions.…Read More

Initial Coin Offerings, Speculators, and Asset Tokenization

Working Papers

Initial coin offerings (ICOs) are an emerging form of fundraising for blockchain-based startups. We examine how ICOs can be leveraged in the context of asset tokenization, whereby firms issue tokens backed by future assets (i.e., inventory) to finance growth.…Read More

Blockchain and the Value of Operational Transparency

Working Papers

The project aims to explore the extent to which blockchain technology can be ported to alleviate information asymmetry issues in the context of supply chain financing. In particular, firms seeking the capital needed to efficiently run their operations are often impeded by severe information asymmetry issues. …Read More