Distributed ledgers : design and regulation of financial infrastructure and payment systems / Robert M. Townsend.

Format:

Book

Author/Creator:

Townsend, Robert M., 1948- author.

Language:

English

Subjects (All):

Financial services industry--Technological innovations.

Financial services industry.

Physical Description:

1 online resource

Place of Publication:

Cambridge : The MIT Press, 2020.

System Details:

text file

Summary:

"An exploration of the economic applications of distributed ledger technology"-- Provided by publisher.

Contents:

2 Economies, Obstacles, Welfare, and Measurement p. 23

3 Ledgers as Financial Accounts p. 31

4 E-Payments, E-Messages, and Trusted Third Parties in Payment Systems p. 49

5 Encryption p. 59

6 Smart Contracts: Contract Theory and Mechanism Design p. 77

7 Design Issues: Partitioned Ledgers, the Decision to Decentralize Implementation in Multiparty Contracts, and Incentive-Compatible Token Payment Systems p. 103

8 Building Financial Infrastructure on Distributed Ledgers: Practical Application in Emerging Markets p. 115

9 Payment Systems on Distributed Ledgers: Practical Applications p. 127

10 Regulation and the Use of Distributed Ledger Technology p. 133

11 Cryptocurrency: The Role and Value of Tokens in Economies with Distributed Ledger Systems p. 145.

Notes:

OCLC-licensed vendor bibliographic record.

ISBN:

0262361191

9780262361194

OCLC:

1187209004

Access Restriction:

Open Access Unrestricted online access