IDEAS home Printed from https://ideas.repec.org/p/jbs/altfin/201810-dlts.html
   My bibliography  Save this paper

Distributed Ledger Technology Systems. A Conceptual Framework

Author

Listed:
  • Michel Rauchs

    (University of Cambridge)

  • Andrew Glidden

    (University of California, Berkeley)

  • Brian Gordon

    (University of Utah)

  • Gina Pieters

    (University of Chicago)

  • Martino Recanatini

    (University of Cambridge)

  • Francois Rostand

    (University of Cambridge)

  • Kathryn Vagneur

    (University of Cambridge)

  • Bryan Zhang

    (University of Cambridge)

Abstract

The DLT ecosystem is plagued with the use of incomplete and inconsistent definitions and a lack of standardised terminology, creating a needlessly complicated landscape for everyone from experienced policymakers and developers to individuals venturing into the field for the first time. This study sets out to contribute to international discussions to create a shared, common language around DLT systems to clarify terminology and concepts.

Suggested Citation

  • Michel Rauchs & Andrew Glidden & Brian Gordon & Gina Pieters & Martino Recanatini & Francois Rostand & Kathryn Vagneur & Bryan Zhang, 2018. "Distributed Ledger Technology Systems. A Conceptual Framework," Cambridge Centre for Alternative Finance Reports 201810-dlts, Cambridge Centre for Alternative Finance, Cambridge Judge Business School, University of Cambridge.
    • Handle: RePEc:jbs:altfin:201810-dlts
    as

    Download full text from publisher

    File URL: https://jbs.cam.ac.uk/wp-content/uploads/2020/08/2018-10-26-conceptualising-dlt-systems.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Lin William Cong & Zhiguo He, 2019. "Blockchain Disruption and Smart Contracts," The Review of Financial Studies, Society for Financial Studies, vol. 32(5), pages 1754-1797.
    2. Ruttenberg, Wiebe & Pinna, Andrea, 2016. "Distributed ledger technologies in securities post-trading - Revolution or evolution?," Occasional Paper Series 172, European Central Bank.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Amstad, Marlene, 2019. "Regulating Fintech: Objectives, Principles, and Practices," ADBI Working Papers 1016, Asian Development Bank Institute.
    2. Stefan Seebacher & Ronny Schüritz & Gerhard Satzger, 2021. "Towards an understanding of technology fit and appropriation in business networks: evidence from blockchain implementations," Information Systems and e-Business Management, Springer, vol. 19(1), pages 183-204, March.
    3. Joo, Mingyu & Kim, Seung Hyun & Ghose, Anindya & Wilbur, Kenneth C., 2023. "Designing Distributed Ledger technologies, like Blockchain, for advertising markets," International Journal of Research in Marketing, Elsevier, vol. 40(1), pages 12-21.
    4. Alastair Berg & Chris Berg & Mikayla Novak, 2020. "Blockchains and constitutional catallaxy," Constitutional Political Economy, Springer, vol. 31(2), pages 188-204, June.
    5. Stelian Brad & Mircea Murar & Grigore Vlad & Emilia Brad & Mariuța Popanton, 2021. "Lifecycle Design of Disruptive SCADA Systems for Waste-Water Treatment Installations," Sustainability, MDPI, vol. 13(9), pages 1-26, April.
    6. Oyebanjo Ogunlela & Ojugbele Olabode & Tengeh Robertson, 2021. "Blockchain technology as a panacea for procurement corruption in digital era," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 10(4), pages 311-320, June.
    7. Niloofar Etemadi & Pieter Van Gelder & Fernanda Strozzi, 2021. "An ISM Modeling of Barriers for Blockchain/Distributed Ledger Technology Adoption in Supply Chains towards Cybersecurity," Sustainability, MDPI, vol. 13(9), pages 1-28, April.
    8. Dounia Marbouh & Mecit Can Emre Simsekler & Khaled Salah & Raja Jayaraman & Samer Ellahham, 2022. "A Blockchain-Based Regulatory Framework for mHealth," Data, MDPI, vol. 7(12), pages 1-22, December.
    9. Stephen McKeon & Derek Edward Schloss, 2021. "Law and Blockchains," Springer Books, in: Raghavendra Rau & Robert Wardrop & Luigi Zingales (ed.), The Palgrave Handbook of Technological Finance, pages 311-335, Springer.
    10. Elarbi Badidi, 2022. "Edge AI and Blockchain for Smart Sustainable Cities: Promise and Potential," Sustainability, MDPI, vol. 14(13), pages 1-30, June.
    11. Abderahman Rejeb & John G. Keogh & Horst Treiblmaier, 2019. "Leveraging the Internet of Things and Blockchain Technology in Supply Chain Management," Future Internet, MDPI, vol. 11(7), pages 1-22, July.
    12. Pólvora, Alexandre & Nascimento, Susana & Lourenço, Joana S. & Scapolo, Fabiana, 2020. "Blockchain for industrial transformations: A forward-looking approach with multi-stakeholder engagement for policy advice," Technological Forecasting and Social Change, Elsevier, vol. 157(C).
    13. Houssein Hellani & Layth Sliman & Abed Ellatif Samhat & Ernesto Exposito, 2021. "On Blockchain Integration with Supply Chain: Overview on Data Transparency," Logistics, MDPI, vol. 5(3), pages 1-23, July.
    14. Goran Bjelobaba & Marija Paunovic & Ana Savic & Hana Stefanovic & Jelena Doganjic & Zivanka Miladinovic Bogavac, 2022. "Blockchain Technologies and Digitalization in Function of Student Work Evaluation," Sustainability, MDPI, vol. 14(9), pages 1-22, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jonathan Chiu & Thorsten V Koeppl, 2019. "Blockchain-Based Settlement for Asset Trading," The Review of Financial Studies, Society for Financial Studies, vol. 32(5), pages 1716-1753.
    2. Schuster, Philipp & Theissen, Erik & Uhrig-Homburg, Marliese, 2020. "Finanzwirtschaftliche Anwendungen der Blockchain-Technologie," CFR Working Papers 20-02, University of Cologne, Centre for Financial Research (CFR).
    3. Philipp Schuster & Erik Theissen & Marliese Uhrig-Homburg, 2020. "Finanzwirtschaftliche Anwendungen der Blockchain-Technologie [Applications of Blockchain Technology in Finance]," Schmalenbach Journal of Business Research, Springer, vol. 72(2), pages 125-147, June.
    4. Jiao Wang & Lima Zhao & Arnd Huchzermeier, 2021. "Operations‐Finance Interface in Risk Management: Research Evolution and Opportunities," Production and Operations Management, Production and Operations Management Society, vol. 30(2), pages 355-389, February.
    5. Ilya Ivaninskiy & Irina Ivashkovskaya & Joseph A. McCahery, 2023. "Does digitalization mitigate or intensify the principal-agent conflict in a firm?," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 27(3), pages 695-725, September.
    6. Lin William Cong & Zhiguo He & Jiasun Li & Wei Jiang, 2021. "Decentralized Mining in Centralized Pools [Concentrating on the fall of the labor share]," The Review of Financial Studies, Society for Financial Studies, vol. 34(3), pages 1191-1235.
    7. Hitoshi Matsushima & Shunya Noda, 2020. "Mechanism Design with Blockchain Enforcement," DSSR Discussion Papers 111, Graduate School of Economics and Management, Tohoku University.
    8. Anil Donmez & Alexander Karaivanov, 2022. "Transaction fee economics in the Ethereum blockchain," Economic Inquiry, Western Economic Association International, vol. 60(1), pages 265-292, January.
    9. Reetz, Fabian, 2019. "Herausforderungen und Förderstrategien für die Blockchain-Technologie," Studien zum deutschen Innovationssystem 10-2019, Expertenkommission Forschung und Innovation (EFI) - Commission of Experts for Research and Innovation, Berlin.
    10. Olivier Meier & Aurélie Sannajust, 0. "The smart contract revolution: a solution for the holdup problem?," Small Business Economics, Springer, vol. 0, pages 1-16.
    11. Anna Borkovcová & Miloslava Černá & Marcela Sokolová, 2022. "Blockchain in the Energy Sector—Systematic Review," Sustainability, MDPI, vol. 14(22), pages 1-12, November.
    12. Amstad, Marlene, 2019. "Regulating Fintech: Objectives, Principles, and Practices," ADBI Working Papers 1016, Asian Development Bank Institute.
    13. Wang, Qiyu & Chong, Terence Tai-Leung, 2021. "Factor pricing of cryptocurrencies," The North American Journal of Economics and Finance, Elsevier, vol. 57(C).
    14. Lin William Cong & Ye Li & Neng Wang, 2021. "Tokenomics: Dynamic Adoption and Valuation [The demand of liquid assets with uncertain lumpy expenditures]," The Review of Financial Studies, Society for Financial Studies, vol. 34(3), pages 1105-1155.
    15. Wangcheng Yan & Wenjun Zhou, 2023. "Is blockchain a cure for peer-to-peer lending?," Annals of Operations Research, Springer, vol. 321(1), pages 693-716, February.
    16. Laurens Swinkels, 2023. "Empirical evidence on the ownership and liquidity of real estate tokens," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 9(1), pages 1-29, December.
    17. Saengchote, Kanis, 2023. "Decentralized lending and its users: Insights from compound," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 87(C).
    18. Kirimhan, Destan, 2023. "Importance of anti-money laundering regulations among prosumers for a cybersecure decentralized finance," Journal of Business Research, Elsevier, vol. 157(C).
    19. Yukun Liu & Aleh Tsyvinski, 2018. "Risks and Returns of Cryptocurrency," NBER Working Papers 24877, National Bureau of Economic Research, Inc.
    20. Alexander Karaivanov, 2021. "Blockchains, Collateral and Financial Contracts," Discussion Papers dp21-03, Department of Economics, Simon Fraser University.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jbs:altfin:201810-dlts. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ruth Newman (email available below). General contact details of provider: https://edirc.repec.org/data/jicamuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.