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On the Future of Markets Driven by Blockchain

  • Mario CichonczykEmail author
Conference paper
Part of the Lecture Notes in Business Information Processing book series (LNBIP, volume 339)

Abstract

When an effort is made to understand how the blockchain may influence the evolution of economies, a distinction between marketing promises and neutral assessments is required. This work aims to review the prospective development of three key economic principles under the assumed constitution of a blockchain future. It is analyzed how the concepts of intermediation, economic transparency and economic automation show characteristics under possibly disruptive impact. Their present situation is laid out and extrapolated to gain a reasoned insight into economic development driven by blockchain technology as currently promised. An argument is made that the consumers view of innovative services will be coined by nescience towards the actual data structure in use.

Keywords

Blockchain Economy Disruption Future 

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Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  1. 1.Bielefeld University of Applied SciencesMindenGermany

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