Blockchains and the Crypto-City

9 Pages Posted: 12 Jun 2017 Last revised: 6 Nov 2017

See all articles by Jason Potts

Jason Potts

RMIT University

Ellie Rennie

RMIT University

Jake Goldenfein

Cornell Tech - Cornell University

Date Written: October 24, 2017


Drawing on economic transaction cost theory, this paper explores how blockchain and distributed ledger technology could shift the smart city agenda by altering transaction costs with implications for the coordination of infrastructures and resources. Like the smart city the crypto city utilizes data informatics, but can be coordinated through distributed rather than centralized systems. The data infrastructure of the crypto city can enable civil society to run local public goods and services, and facilitate economic and social entrepreneurship.

Keywords: Blockchain, Smart Cities, Data Markets, Law, Transactions Costs

JEL Classification: D02, D80, O33

Suggested Citation

Potts, Jason and Rennie, Ellie and Goldenfein, Jake, Blockchains and the Crypto-City (October 24, 2017). Available at SSRN: or

Jason Potts (Contact Author)

RMIT University ( email )

Ellie Rennie

RMIT University ( email )

School of Health and Biomedical Sciences

Jake Goldenfein

Cornell Tech - Cornell University ( email )

111 8th Avenue #302
New York, NY 10011
United States

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