An In-depth Analysis of the Business Models Linked to Blockchain and their Respective Efficacy in Real-World Scenarios
Shiven Dhawan
Modern School, Vasant Vihar, New Delhi
Download PDFAbstract
Decentralized finance, another area of financial innovation, can change current money and give another scene to business and imagination, displaying the advantages and downsides of decentralized action plans. Blockchain innovation can bring down exchange costs, assemble circulated trust, and engage decentralized stages, giving an establishment to new decentralized plans of action. Blockchain innovation empowers the development of decentralized monetary administrations in the monetary business, which is more decentralized, imaginative, viable, borderless, and straightforward. Decentralized monetary administrations driven by blockchain innovation can extend monetary consideration, permit open access, animate permissionless advancement, and open new entryways for business people and pioneers. In this paper, we analyse the upsides of decentralized finance and existing plans of action, impediments, and restrictions.
- Roth, A.E., 2015. Who Gets What―and Why: The New Economics of Matchmaking and Market Design. Houghton Mifflin Harcourt, New York.
- Cohen, J.E., 2019. Between Truth and Power: The Legal Constructions of Informational Capitalism. Oxford University Press, New York.
- Benston, G.J., Smith, C.W., 1976. A transactions cost approach to the theory of financial intermediation. Journal of Finance 31 (2), 215-231.
- Shiller, R.J., 2012. Finance and the Good Society. Princeton University Press, Princeton, NJ
- Chen, M.A., Wu, Q., Yang, B., 2019. How valuable is FinTech innovation? Review of Financial Studies 32 (5), 2062-2106.
- Seidel, M.-D.L., 2018. Questioning centralized organizations in a time of distributed trust. Journal of Management Inquiry 27 (1), 40-44.
- Botsman, R., 2017. Who Can You Trust?: How Technology Brought Us Together and Why It Might Drive Us Apart. PublicAffairs, New York
- Narayanan, A., Bonneau, J., Felten, E., Miller, A., Goldfeder, S., 2016. Bitcoin and Cryptocurrency Technologies: A Comprehensive Introduction. Princeton University Press, Princeton, NJ
- Murray, A., Kuban, S., Josefy, M., Anderson, J., 2019. Contracting in the smart era: the implications of blockchain and decentralized autonomous organizations for contracting and corporate governance. Academy of Management Perspectives.
- Huberman, G., Leshno, J.D., Moallemi, C., 2019. An economist's perspective on the bitcoin payment system. American Economic Review 109 (5), 93-96