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Creation of a Blockchain and a New Ecosystem

Author

Listed:
  • YANO Makoto
  • Chris DAI
  • MASUDA Kenichi
  • KISHIMOTO Yoshio

Abstract

This study points out issues towards a better use of blockchain technology. It first identifies the role of data as the third major productive resources next to labor and capital in the digital economy and explains that block chain technology may facilitate an efficient and fair use of this important production factor. Blockchain technology may fundamentally change the current economy in three respects: (1) Data ownership, (2) money, and (3) data industry.

Suggested Citation

  • YANO Makoto & Chris DAI & MASUDA Kenichi & KISHIMOTO Yoshio, 2019. "Creation of a Blockchain and a New Ecosystem," Policy Discussion Papers 19029, Research Institute of Economy, Trade and Industry (RIETI).
    • Handle: RePEc:eti:polidp:19029
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    References listed on IDEAS

    as
    1. Makoto Yano, 2009. "The Foundation Of Market Quality Economics," The Japanese Economic Review, Japanese Economic Association, vol. 60(1), pages 1-32, March.
    2. YANO Makoto & FURUKAWA Yuichi, 2019. "Two-dimensional Constrained Chaos and Time in Innovation: An analysis of industrial revolution cycles," Discussion papers 19008, Research Institute of Economy, Trade and Industry (RIETI).
    3. 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.
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