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Blockchain Business and Its Regulation

In: Blockchain and Crypto Currency

Author

Listed:
  • Makoto Yano

    (Research Institute of Economy, Trade and Industry (RIETI))

  • Chris Dai

    (Recika Co., Ltd)

  • Kenichi Masuda

    (Anderson Mori & Tomotsune)

  • Yoshio Kishimoto

    (Ministry of Economy, Trade and Industry)

Abstract

As the blockchainBlockchain industry becomes larger, a new decentralized financial ecosystemDecentralized financial ecosystem is now developing. New financial instruments, represented by terms like tokensTokens, coinsCoins, and ICOsInitial Coin Offering (ICO) are introduced to finance projects on blockchainBlockchain. BlockchainBlockchain is a technology that makes it possible to assign ownershipOwnership of each piece of data to individuals who create that piece. As Pu and Yano (Blockchain and Crypt Currency: A High-Quality Marketplace for Crypt Data. Springer, 2020) points out, that may be the first step towards creating a high quality marketHigh-quality markets. At the same time, like a lock, blockchainBlockchain is merely a technology that is designed to protect a type of property. Such a technology is of no use unless the society agrees a proper set of rules concerning how to prevent the abuse of the technology, what should be protected and how to protect it. The present study is concerned with this issue.

Suggested Citation

  • Makoto Yano & Chris Dai & Kenichi Masuda & Yoshio Kishimoto, 2020. "Blockchain Business and Its Regulation," Economics, Law, and Institutions in Asia Pacific, in: Makoto Yano & Chris Dai & Kenichi Masuda & Yoshio Kishimoto (ed.), Blockchain and Crypto Currency, chapter 0, pages 107-127, Springer.
    • Handle: RePEc:spr:eclchp:978-981-15-3376-1_7
    DOI: 10.1007/978-981-15-3376-1_7
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    Cited by:

    1. Makoto Yano & Chris Dai & Kenichi Masuda & Yoshio Kishimoto, 2020. "Creation of Blockchain and a New Ecosystem," Economics, Law, and Institutions in Asia Pacific, in: Makoto Yano & Chris Dai & Kenichi Masuda & Yoshio Kishimoto (ed.), Blockchain and Crypto Currency, chapter 0, pages 1-19, Springer.
    2. Šilenskytė, Aušrinė & Butkevičienė, Jurgita & Bartminas, Andrius, 2024. "Blockchain-based connectivity within digital platforms and ecosystems in international business," Journal of International Management, Elsevier, vol. 30(3).
    3. Muhammad Z. Mumtaz & Zachary A. Smith, 2020. "Empirical examination of the role of fintech in monetary policy," Pacific Economic Review, Wiley Blackwell, vol. 25(5), pages 620-640, December.

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