Blockchain as a new institutional technology
Channel: KCN News
Date: 2017-09-27

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Blockchain is a new institutional technology. As Coindesk notes, the blockchain is a new mechanism of economic activity, opening new opportunities for cooperation. In many industries, people no longer need a specific form, since the blockchain gives them the opportunity to "trade" their talents and skills in an environment outside of big business. For now the rollout of blockchain technology raises complex questions in economics, public policy, law and sociology. However, already today no one will doubt that the blockchain has become not just a new general-purpose technology, the blockchain is a new institutional technology.

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