Top scholarly papers about distributed ledgers

I thought that scholarly papers about distributed ledgers would be of better quality than the articles in the mainstream media, because professors and PhD students are not paid by the click and are supposed to apply rigorous research methodologies. Unfortunately, there are a lot of terrible academic papers about distributed ledgers. Most of them simply push the empty narrative “blockchain has the potential to” without bringing any actual argument to support their unfalsifiable assertions.

Luckily, I got your back and will share the best papers about distributed ledger technology.

Good papers about distributed ledgers

I also registered a paper ‘Bitcoin, Distributed Ledgers and the Theory of the Firm‘ on SSRN which is not exactly an academic paper (I am not a scholar) but a mix of a business and academic analyses of the notion of firms, markets, trust, contracts, etc. in the context of blockchains. I hope you find it interesting.

Feel free to suggest papers to add to the list, but let me tell you that the review process is very strict!

How to spot terrible papers

  • They use the terms “blockchain technology” or “the blockchain”
  • They offer no other argument than citing other authors, sometimes from the same university [RMIT University in Australia is a champion at doing that: Allen, Potts, Berg, Lane, Davidson keep citing themselves. It only creates a self-reinforcing illusion of knowledge]
  • They provide assertions without a detailed analysis [for instance “blockchain are the commons 3.0” without even bothering to apply the 8 criteria defining a commons, one by one. Spoiler alert: if you apply the criteria, it will show that a distributed ledger is not a commons]
  • They offer no comparison table, no graph and no calculation, but only circular reasoning
  • They focus on potential benefits without considering the disadvantages and opportunity costs [There are always some trade-offs. There is no fast cheap risk-free scalable solution to decentralize all the things]
  • They use unassertive terms such as “has the potential to”, “might”, “has the possibility to” etc. They’re not sure…
  • They cite one or several of the following articles/books, that are themselves guilty of the flaws listed above:
    • Catalini, Gans: Some Simple Economics of the Blockchain
    • Wright, De Filippi: Decentralized blockchain technology and the rise of lex cryptographia
    • Davidson, De Filippi, Potts: Economics of blockchain
    • Swan: Blockchain – Blueprint for a new economy
    • Tapscott, Tapscott: Blockchain revolution: how the technology behind bitcoin is changing money, business, and the world

Stay alert! Even the academic world sometimes lacks rigor.

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