Blockchain: Data Malls, Coin Economies and Keyless Payments

The Journal of Alternative Investments 21(1) (2018) 8-16

32 Pages Posted: 24 Jan 2018 Last revised: 13 Jul 2018

See all articles by Zura Kakushadze

Zura Kakushadze

Quantigic Solutions LLC; Free University of Tbilisi

Ronald P. Russo, Jr.

GLX - Global Listing Exchange

Date Written: January 20, 2018


We discuss several uses of blockchain (and, more generally, distributed ledger) technologies outside of cryptocurrencies with a pragmatic view. We mostly focus on three areas: the role of coin economies for what we refer to as data malls (specialized data marketplaces); data provenance (a historical record of data and its origins); and what we term keyless payments (made without having to know other users’ cryptographic keys). We also discuss voting and other areas, and give a sizable list of academic and nonacademic references.

Keywords: Blockchain, Cryptocurrency, Bitcoin, Ethereum, Network, Coin Economy, Data Mall, Keyless Payments, Proxy Voting, Tokens, Liquidity, Exchange, Trading, Capital Markets, Finance, Cryptoasset, Ether, Distributed Ledger, Cryptographic Key, Smart Contract

JEL Classification: G00

Suggested Citation

Kakushadze, Zura and Russo, Ronald, Blockchain: Data Malls, Coin Economies and Keyless Payments (January 20, 2018). The Journal of Alternative Investments 21(1) (2018) 8-16, Available at SSRN: or

Zura Kakushadze (Contact Author)

Quantigic Solutions LLC ( email )

680 E Main St #543
Stamford, CT 06901
United States
6462210440 (Phone)
6467923264 (Fax)


Free University of Tbilisi ( email )

Business School and School of Physics
240, David Agmashenebeli Alley
Tbilisi, 0159

Ronald Russo

GLX - Global Listing Exchange ( email )

340 Royal Poinciana Way
Suite 317-335
Palm Beach, FL 33480
United States


Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
PlumX Metrics