[This article was published in the Hobart Mercury]
Tasmania’s producers are perfectly placed to receive higher export prices by taking advantage of blockchain technology.
Applying blockchain to Tasmanian supply chains will deliver more trustworthy information to consumers, boosting prices of high-quality super-premium exports. Continue reading
[Together with Chris Berg this article was published at FEE.org]
The core of the free market explanation for global poverty is simple and compelling: much of the world’s poor are poor because of institutional failure. Continue reading
Published in The Journal of the British Blockchain Association
Abstract: We apply institutional cryptoeconomics to the information problems in global trade, model the incentives under which blockchain-based supply chain infrastructure will be built, and make predictions about the future of supply chains. We argue blockchain will change the patterns and dynamics of how, where and what we trade by: (1) facilitating new forms of economic organisation governing supply chain coordination (such as the V-form organisation); (2) decreasing information asymmetries and shifting economic power towards the ends of supply chains (e.g. primary producers); (3) changing the dimensions along which we can reliably differentiate goods and therefore de-commoditising goods and disaggregating price signals; and (4) decreasing consumer reliance on quality proxies (e.g. production within national borders).
[Together with Alastair Berg and Brendan Markey-Towler this article was published at Machine Lawyering]
As goods move from producers to consumers, information about those goods must travel with them. Where did a product come from? Is this wine fake? How fresh is this lobster? Modern supply chains, however, are remarkably long and complex. This complexity makes it costly to produce trusted information about goods. Blockchain and other distributed ledger technologies are poised to help lower information costs, potentially expanding and reshaping global trade. Continue reading