How Blockchain Tokens are Changing Platform Economics

Researcher(s)

Hanna Halaburda

Date of Talk

Bio

In my research, I explore how technology is changing economic forces. I focus on blockchain technologies and platform competition. In both these areas, we see that technology has challenged the underlying foundations of business, and firms must evaluate and change their strategies accordingly. My findings indicate that conventional wisdom and rules of thumb derived from standard economic analysis may provide insufficient guidance to firms in technology-focused industries.

Abstract

The development of Blockchains technologies, including smart contracts and cryptographic tokens, have a potential to change the competition between platforms. In this presentation, based on a couple of projects, I will discuss how utility tokens can help new platforms enter the market, and how governance tokens can help platforms to increase social welfare. I will also discuss limitations of these technologies in improving platform strategy and competition.

External Link

Read the Research Paper

First Nations land acknowledegement

We acknowledge that the UBC Point Grey campus is situated on the traditional, ancestral, and unceded territory of the xʷməθkʷəy̓əm.


UBC Crest The official logo of the University of British Columbia. Urgent Message An exclamation mark in a speech bubble. Caret An arrowhead indicating direction. Arrow An arrow indicating direction. Arrow in Circle An arrow indicating direction. Arrow in Circle An arrow indicating direction. Chats Two speech clouds. Facebook The logo for the Facebook social media service. Information The letter 'i' in a circle. Instagram The logo for the Instagram social media service. External Link An arrow entering a square. Linkedin The logo for the LinkedIn social media service. Location Pin A map location pin. Mail An envelope. Menu Three horizontal lines indicating a menu. Minus A minus sign. Telephone An antique telephone. Plus A plus symbol indicating more or the ability to add. Search A magnifying glass. Twitter The logo for the Twitter social media service. Youtube The logo for the YouTube video sharing service.