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The universal Turing institution

In: Understanding the Blockchain Economy

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Abstract

This chapter considers blockchains as constitutional orders. Blockchains compete and complement with firms, markets, governments, clubs, and the commons. Additionally, their versatility (the constitution can be varied for each application) allow them to adopt the characteristics of other institutions. The authors call this the ‘universal Turing institution’. The chapter then explores the dynamics of institutional and constitutional innovation in distributed ledgers.

Suggested Citation

  • ., 2019. "The universal Turing institution," Chapters, in: Understanding the Blockchain Economy, chapter 3, pages 37-53, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:18636_3
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    Cited by:

    1. Sugawara, Carmen Luca & Kim, Hea-Won & Modić Stanke, Koraljka & Krasniqi, Vjollca & Basic, Sanela, 2023. "The role of community-university engagement in strengthening local community capacity in Southeastern Europe," International Journal of Educational Development, Elsevier, vol. 98(C).

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