Blockchain and the Digital Economy: The Socio-Economic Impact of Blockchain Technology

Blockchain technology has the potential to disrupt digital interaction across our economy and society. Fred Steinmetz,Lennart Ante, and Ingo Fiedler assess its imminent economic and societal impact. It stems from an open-source movement and builds on existing technology to facilitate the exchange of value. Current platform-based business structures face the risk of being replaced by decentralized ecosystems, and individuals will become empowered by sovereignty over their digital data and footprints. The book explains the key concepts of blockchain technology and presents an overview of the involved technical and economic elements. It also analyzes significant case studies in the sectors of energy, digital identity, capital markets, logistics, and gambling.

Format: Hardback
Length: 208 pages
Publication date: 21 December 2020
Publisher: Agenda Publishing

Blockchain technology has the potential to revolutionize digital interactions across our economy and society, just as the internet has transformed our lives. The potential for blockchain and distributed ledger technologies to achieve similar transformative effects is significant. In their comprehensive assessment, Fred Steinmetz, Lennart Ante, and Ingo Fiedler delve into this rapidly evolving technology and its imminent economic and societal impact.

Blockchain technology is rooted in an open-source movement and leverages existing technology to facilitate the exchange of value and assets through a protocol on the internet. This innovative approach challenges the current platform-based business structures, creating a potential for decentralized ecosystems to emerge. Individuals will gain greater control over their digital data and footprints, empowering them in unprecedented ways.

The book begins by introducing the fundamental concepts of blockchain technology and providing a comprehensive overview of the technical and economic aspects involved. This foundation serves as the basis for a thoughtful discussion of the socio-economic implications of this groundbreaking technology. The authors then delve into an in-depth analysis of significant case studies across various sectors, including energy, digital identity, capital markets, logistics, and gambling. These case studies highlight both the risks and benefits associated with blockchain technology, shedding light on its potential applications and implications for a wide range of readers, including social scientists.

One of the key strengths of the book is its commitment to accessibility and non-technical language. The authors strive to demystify the functionalities of blockchains and their potential applications for a broad audience, including those with limited technical knowledge. By presenting the information in a clear and concise manner, the book facilitates a deeper understanding of the transformative power of blockchain technology and its potential to shape the future of our economy and society.

In conclusion, Blockchain Technology: The Future of Digital Interaction is a must-read for anyone interested in understanding the potential of this groundbreaking technology. By examining its economic, societal, and technical aspects, the book provides a comprehensive perspective on the transformative power of blockchain and distributed ledger technologies. With its accessible and informative style, the book is an invaluable resource for scholars, policymakers, and business professionals seeking to navigate the evolving landscape of digital interactions. As blockchain technology continues to evolve and expand, its impact on our lives will undoubtedly be profound, and this book serves as a valuable guide for navigating the opportunities and challenges that lie ahead.

Weight: 438g
Dimension: 162 x 240 x 23 (mm)
ISBN-13: 9781788212243