Entrepreneurial Exit: Developing the Cryptoeconomy

Allen, D 2019, 'Entrepreneurial Exit: Developing the Cryptoeconomy' in Melanie Swan, Jason Potts, Soichiro Takagi, Frank Witte, and Paolo Tasca (ed.) Blockchain Economics: Implications of Distributed Ledgers, World Scientific, Singapore, pp. 197-214.


Document type: Book Chapter
Collection: Book Chapters

Title Entrepreneurial Exit: Developing the Cryptoeconomy
Author(s) Allen, D
Year 2019
Title of book Blockchain Economics: Implications of Distributed Ledgers
Publisher World Scientific
Place of publication Singapore
Editor(s) Melanie Swan, Jason Potts, Soichiro Takagi, Frank Witte, and Paolo Tasca
Start page 197
End page 214
Subjects Heterodox Economics
Summary Blockchain technology enables entrepreneurs to develop new decentralized governance structures to coordinate human interaction and exchange. That is, blockchain enables exit from political-socioeconomic systems through new forms of property rights protection and enforcement. This chapter examines the economic problem facing entrepreneurs as they use blockchain to cryptosecede and develop the new governance structures of the cryptoeconomy. The analysis draws on institutional and new development economics, arguing that blockchain entrepreneurs face a private economic development problem over complementary 'protective-tier' institutional technologies (Leeson and Boettke 2009). This understanding of the parallels between territorial economic development and the cryptoeconomy development helps explain collaboration between blockchain entrepreneurs within governance structures such as hackathons and conferences (Allen 2017). These collaborative governance structures are entrepreneurial efforts of self-governed economic development of the cryptoeconomy.
Copyright notice Copyright © 2019 by World Scientific Publishing Europe Ltd
Keyword(s) Cryptoeconomics
Blockchain
New Development Economics
Institutional Entrepreneurship
DOI - identifier 10.1142/9781786346391_0009
ISBN 9781786346384
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Created: Tue, 26 Mar 2019, 09:36:00 EST by Catalyst Administrator
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