It might seem strange that a ledger would be described as a revolutionary technology. But the blockchain matters because ledgers matter.
The Blockchain and the Blockchain revolution
The Blockchain is a suite of technologies underpinning the Bitcoin protocol that, when taken together, turn out to have remarkable and potentially revolutionary economic properties.
Blockchain is being built into global financial networks, being used to make distributed autonomous organisations, allowing for 'smart' self-executing contracts, and networking individuals, organisations and communities in a way never seen before in human history.
We are a group of economists - Jason Potts, Sinclair Davidson, Chris Berg, and Darcy Allen - researching at the economic properties of the blockchain, mapping the blockchain economy, and identifying the public policy challenges that will hold back or accelerate this economic revolution.