Computer Science
3 years ago

Blockchain technology revolutionizes contracts, boosting trade and economic output.

2 views
SSRN Electronic Journal
Can Blockchain Solve the Holdup Problem in Contracts?
Richard Holden, Anup Malani

Paper Summary

Blockchain technology, combined with smart contracts, can help solve the problem of renegotiation in contracts. This can lead to more secure and efficient trade agreements, reducing the need for firms to be large and increasing economic output.

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