Chapter 3: The universal Turing institution
Chris Berg
,
Sinclair Davidson
, and
Jason Potts
Category:
Monograph Chapter
Published:
30 Aug 2019
Page Range:
37–53
Collection:
Economics 2019
DOI:
https://doi.org/10.4337/9781788975001.00008
Restricted access

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.

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Cover Understanding the Blockchain Economy
Understanding the Blockchain Economy
Monograph Book
Published:
30 Aug 2019
Print ISBN:
9781788974998
eISBN:
9781788975001
DOI:
https://doi.org/10.4337/9781788975001
Pages:
c 224
Collection:
Economics 2019
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