8,416 research outputs found

    Supporting Students\u27 Hands-On Understanding of Blockchain Concepts with \u27The Crypto\u27 Game

    Get PDF
    This paper introduces ‘The Crypto’ game, an innovative educational tool designed to enhance students\u27 hands-on understanding of blockchain concepts and principles. Despite the potential of blockchain technology to transform various industries, teaching its complex concepts to non-technical students remains a challenge. Developed for my teaching in business (MBA and Executive MBA) and information systems (IS) courses, \u27The Crypto\u27 game addresses this challenge. It is an active, experiential learning tool that simulates key elements of blockchain technology using a minimalist design and readily available tools such as Excel and Zoom. The paper details the game\u27s design, rules, learning objectives, and pedagogical underpinnings and presents qualitative feedback from its implementation in my courses. The game effectively fosters a deeper understanding of blockchain principles and ‘how it actually works’. By introducing ‘The Crypto’, this paper contributes to innovative approaches for teaching emerging technologies and offers practical support for IS, business, and other educators

    The Role of International Rules in Blockchain-Based Cross-Border Commercial Disputes

    Get PDF
    [excerpt] The concept of online dispute resolution (ODR) is not new. 1 But, with the advent of Web 3.0, the distributed web that facilitates pseudonymous and cross-border transactions via blockchain\u27s distributed ledger technology, 2 the idea of, and pressing need for, appropriate dispute resolution models for blockchain-based disputes to support this novel system of distributed consensus and trust of which blockchain proponents boast, is a primary concern in rapid development. 3 The common goal of each project is to utilize smart contracts to facilitate superior, quicker[,] and less expensive proceedings by eliminating so many of the tedious and protracted trappings of traditional arbitral proceedings, such as the sending and receiving of documents via courier. , Despite myriad approaches, all emerging blockchain-based dispute resolution services (BDR solutions) generally seek to bridge the divide between automated performance mechanisms, like smart contracts, and the human judgment traditionally required to settle legal disputes.5 How our existing legal frameworks must develop to ensure that smart contracts 6 facilitate, rather than frustrate, the parties\u27 intent is a critically important question to ask as the blockchain stack\u27s infrastructure and application layers are being built and, ultimately, scaled. Indeed, interest is high in the race to create alternative dispute resolution mechanisms to resolve disputes arising from blockchain-based commercial transactions that, due to the transnational, borderless, pseudonymous, and distributed nature of blockchain, clearly necessitate international solutions.

    An Analysis and Enumeration of the Blockchain and Future Implications

    Get PDF
    The blockchain is a relatively new technology that has grown in interest and potential research since its inception. Blockchain technology is dominated by cryptocurrency in terms of usage. Research conducted in the past few years, however, reveals blockchain has the potential to revolutionize several different industries. The blockchain consists of three major technologies: a peer-to-peer network, a distributed database, and asymmetrically encrypted transactions. The peer-to-peer network enables a decentralized, consensus-based network structure where various nodes contribute to the overall network performance. A distributed database adds additional security and immutability to the network. The process of cryptographically securing individual transactions forms a core service of the blockchain and enables semi-anonymous user network presence

    Understanding smart contracts as a new option in transaction cost economics

    Get PDF
    Among different concepts associated with the term blockchain, smart contracts have been a prominent one, especially popularized by the Ethereum platform. In this study, we unpack this concept within the framework of Transaction Cost Economics (TCE). This institutional economics theory emphasizes the role of distinctive (private and public) contract law regimes in shaping firm boundaries. We propose that widespread adoption of the smart contract concept creates a new option in public contracting, which may give rise to a smart-contract-augmented contract law regime. We discuss tradeoffs involved in the attractiveness of the smart contract concept for firms and the resulting potential for change in firm boundaries. Based on our new conceptualization, we discuss potential roles the three branches of government – judicial, executive, and legislative – in enabling and using this new contract law regime. We conclude the paper by pointing out limitations of the TCE perspective and suggesting future research directions
    corecore