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Blockchain's Struggle to Deliver Impersonal Exchange
Social Science Research Network
The paper identifies what value blockchain adds to the contractual and property processes, exploring its potential and analyzing the main difficulties it is facing. It argues that, contrary to naive conceptions that proclaim the end of intermediaries and state involvement, blockchain applications will rely on a variety of interface, completion, and enforcement specialists, including standard public interventions, especially for property transactions. Without these interventions, blockchaindoi:10.2139/ssrn.2903857 fatcat:5a62522i7rf6bk5c7icbhcnk6i