Sinclair Davidson Quote on Blockchain Power to Create New Types of Economies

Blockchain is more than just ICT innovation, but facilitates new types of economic organization and governance. Suggests two approaches to economics of blockchain: innovation-centred and governance-centred.

Argues that the governance approach—based in new institutional economics and public choice economics—is most promising, because it models blockchain as a new technology for creating spontaneous organizations, ie new types of economies.”

Sinclair Davidson, Professor, RMIT University – School of Economics, Finance and Marketing, in a paper co-authored with  Primavera De Filippi  and Jason Potts

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