The Second Wave of Blockchain Innovation

The last months have included intense discussion on the feasibility and desirability of various economic forms of Blockchain innovation, including the ominous title of an article in Techcrunch, “A Bitcoin Battle is Brewing.” Although they contain many of the same principles that made Bitcoin successful, other digital assets have often been criticized and dismissed as “speculative.” However, recent usages of cryptoledger systems (c.f. “appcoins,” cryptoequity, smart contracts) often include substantial technological innovation and can be used to solve long standing problems both in investment and corporate governance.

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