Property rights, knowledge commons and blockchain governance

Allen, DWE, Berg, C, Davidson, S and Potts J (2021) ‘Property rights, knowledge commons and blockchain governance’ in E. Dekker and P. Kuchar, Governing Markets as Knowledge Commons, Cambridge University Press.

24 Pages Posted: 21 Mar 2019 Last revised: 25 Feb 2022

See all articles by Darcy W E Allen

Darcy W E Allen

Royal Melbourne Institute of Technolog (RMIT University)

Chris Berg

Royal Melbourne Institute of Technolog (RMIT University)

Sinclair Davidson

RMIT University

Jason Potts

Royal Melbourne Institute of Technolog (RMIT University)

Date Written: April 27, 2020

Abstract

Knowledge about property rights is a commons that facilitates market exchange and economic coordination. The governance of that shared knowledge resource—the various formal and informal rules that maintain ledgers of property rights—ranges from community norms to formal state registries. In this chapter we make three contributions. First, we use the lens of knowledge commons theory to argue that knowledge about property rights is a shared resource. Second, we explore how that knowledge commons is governed—particularly relating to “rules in use”—might shift due to technological advances in distributed ledgers. Third, we argue that as blockchain augments and complements existing governance structures, it creates a more robust political economy.

Keywords: blockchains, byzantine generals problem, robust political economy, institutional economics, commons

JEL Classification: A12, H11, H41, P11

Suggested Citation

Allen, Darcy W E and Berg, Chris and Davidson, Sinclair and Potts, Jason, Property rights, knowledge commons and blockchain governance (April 27, 2020). Allen, DWE, Berg, C, Davidson, S and Potts J (2021) ‘Property rights, knowledge commons and blockchain governance’ in E. Dekker and P. Kuchar, Governing Markets as Knowledge Commons, Cambridge University Press., Available at SSRN: https://ssrn.com/abstract=3344110 or http://dx.doi.org/10.2139/ssrn.3344110

Darcy W E Allen

Royal Melbourne Institute of Technolog (RMIT University) ( email )

Melbourne, 3000
Australia

Chris Berg (Contact Author)

Royal Melbourne Institute of Technolog (RMIT University) ( email )

124 La Trobe Street
Melbourne, 3000
Australia

Sinclair Davidson

RMIT University ( email )

124 La Trobe Street
Melbourne, 3000
Australia

Jason Potts

Royal Melbourne Institute of Technolog (RMIT University) ( email )

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