publication . Preprint . 2017

Risks and Transaction Costs of Distributed-Ledger Fintech: Boundary Effects and Consequences

Kaivanto, Kim; Prince, Daniel;
Open Access English
  • Published: 27 Feb 2017
Fintech business models based on distributed ledgers -- and their smart-contract variants in particular -- offer the prospect of democratizing access to faster, anywhere-accessible, lower cost, reliable-and-secure high-quality financial services. In addition to holding great, economically transformative promise, these business models pose new, little-studied risks and transaction costs. However, these risks and transaction costs are not evident during the demonstration and testing phases of development, when adopters and users are drawn from the community of developers themselves, as well as from among non-programmer fintech evangelists. Hence, when the new risk...
free text keywords: Computer Science - Computers and Society
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