Distributed ledger technologies (DLTs) such as blockchains can significantly lower the costs of verification, thereby facilitating contract enforcement in digital transactions. When verification becomes easy and cheap, transaction intermediaries that provide contract fulfillment services may become redundant, enabling decentralized marketplaces for digital goods at a large scale. This symposium explores the implications of DLTs for theories of organizations and markets. Our panel of experts will discuss the relationship between blockchain and legal enforcement of contracts; emergence of new blockchain-based marketplaces; and potential and limitations of DLTs related to markets for other digital assets.
Discussant of Academy of Management OMT/STR Divisions Annual Meetings, Monday, Aug 13 2018 1:15PM - 2:45PM at Marriott Chicago Downtown - Magnificent Mile in Grace.