Today’s guest is Mikayla Novak (Twitter, SSRN) of the RMIT Blockchain Innovation Hub at RMIT University. Her work focuses on some innovative new and potential uses for blockchain technology.
As we all know at this point, the first use of blockchain technology was to create decentralized digital currencies like Bitcoin and Ethereum. But a blockchain is a much more general technology than this: it is a decentralized ledger that is resistant to tampering by any one individual. As such, it is a technical innovation that can allow us to coordinate activities that a lack of trust may have prevented otherwise.
Mikayla discusses institutional cryptoeconomics, an emerging field of research centered on the ways blockchain technology can improve both private and public institutions.
Links
Mikayla’s Medium article on Crypto Fiscal Federalism discusses how blockchain could make the system of making government grants more transparent and efficient.
This article by Mikayla’s colleagues at RMIT gives a detailed and accessible introduction to institutional cryptoeconomics.
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