Organizer: Brian Gordon, U. of Utah, David Eccles School of Business Organizer: Diana Maria Hechavarria, U. of South Florida Organizer: Jason Windawi, Princeton U. Presenter: Christian Catalini, MIT Sloan School of Management Presenter: Teppo Felin, U. of Oxford Presenter: Hanna Halaburda, - Presenter: Wulf Kaal, U. of St. Thomas, Minnesota–School of Law Presenter: Kyle J. Mayer, U. of Southern California Presenter: Jason Potts, RMIT U. Presenter: Beverly Rich, U. of Southern California Presenter: Kevin Werbach, The Wharton School, U. of Pennsylvania Discussant: Oliver Beige, agnostic blockchain consulting Discussant: Robert Joseph Wuebker, U. of Utah Discussant: Russ McBride, U. of California, Merced
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Blockchain is a distributed platform technology that enables the creation and maintenance of trustworthy decentralized ledgers in the absence of trusted intermediaries. Instead of relying on trusted third-parties, blockchains are designed to maintain data integrity through cryptography, openness, and incentive mechanisms, which collectively make opportunism expensive and detectable. The distributed ledger at the heart of blockchain enables disparate economic actors, who might not know or trust one another, to establish consensus regarding the status of economically meaningful data, create and execute algorithmic ‘smart contracts’, and orchestrate complex resource assemblies in the absence of centralized, hierarchical direction. While easy enough to explain, some have begun to argue that this technology stands to transform economic activity in fundamental ways by affording novel means of governance on par with markets, hierarchies, networks, and relational contracting. If true, blockchain has profound implications for the phenomena entrepreneurship and strategy scholars care about. This PDW seeks to foster a community of scholars interested in studying the entrepreneurial and strategic implications of blockchain by reviewing what is known and framing an agenda for future research. |