Excited to announce that the preorder of my book on “Decentralization” with Craig Calcaterra is now available: https://www.degruyter.com/view/title/569051
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Abstract The evolution of blockchain technology as a foundational and transformational technology helps solve critical societal problems. Blockchain technology enables sustainability-focused blockchain initiatives to achieve their social and public welfare objectives. Using a dataset of sustainability-focused blockchain initiatives, blockchain startups, and established businesses, the article evaluates the core transformational features of blockchain technology and its […]
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Abstract Most of the applications and uses of digital assets are improved and expanded with well-functioning and well-governed DAOs. The article evaluates the technical and internal governance solutions promulgated by DAO projects. Particular emphasis is placed on the duality of feedback effects between internal DAO governance and external DAO legal designs. Keywords: Decentralized Autonomous Organization, Governance, […]
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Craig Calcaterra & Wulf Kaal The Existing Problem with Decentralized Identity Systems The basic Web of Trust (WoT) works as follows: Keep track of your network transactions, and ask how well the people who are part of your transactions are satisfied with the interaction. If they also have a big reputation and are satisfied with […]
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Journal of Corporation Law (2020) Abstract The market for digital assets has evolved since its inception in 2009. Its rapid proliferation in 2016-18 was followed by significant downward corrections in 2018-19. The article evaluates the central stages of the evolution of the market in digital assets and the affected market participants. It presents and compares […]
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Stanford Journal of Blockchain Law & Policy (2019) Abstract The emergence and proliferation of stable cryptocurrencies necessitate the establishment of first order design principles for stable cryptocurrencies. After highlighting the benefits of stable cryptocurrencies for monetary policy making, overall market stability, and their impact on the emergence of decentralized commerce, the authors introduce First Order […]
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MAX PLANCK INSTITUTE LUXEMBOURG FOR PROCEDURAL LAW (December 2019) Abstract Corporations and other forms of business organizations can be supplemented with blockchain-based agency constructs. Blockchain-based decentralized autonomous organizations (DAOs) expand the definition of the firm. On-chain DAO governance enables dynamic regulatory features that facilitate unprecedented decentralized regulatory solutions. Keywords: Corporate Governance, Decentralized Autonomous Organization, Blockchain, […]
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This introduction to decentralization examines decentralization’s past, present, and future. By tracing the history of past and existing decentralized systems and by examining emerging decentralized technology solutions, the author highlights the trends that lead to higher levels of decentralization in commerce and society. Download here Abstract Part 1 – The Past: Examines how we got […]
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What can blockchain technology contribute to the evolution of the trading infrastructure and securities offerings? We provide answers based on existing precedence of blockchain-based securities offerings in this new article (with Sam Evans – PWC): Click here or copy /paste link: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3411110 Abstract Blockchain technology has the potential to supplement the existing infrastructure for securities offerings. […]
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Wulf A. Kaal* Out of necessity, humans have engaged in centralized thinking since the emergence of tribal societies and throughout urbanization and the industrial revolution. Emerging decentralized technology transcends traditional economic notions of capitalism versus socialism and inaugurates new forms of economic exchange. The author examines the evolution of decentralized solutions for commerce and society […]
Read more "Decentralization -A Primer on the New Economy"