Property rights, knowledge commons and blockchain governance

24 Pages Posted: 21 Mar 2019 Last revised: 28 Apr 2020

See all articles by Darcy W E Allen

Darcy W E Allen

RMIT University

Chris Berg

RMIT University

Sinclair Davidson

RMIT University

Jason Potts

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 and Berg, Chris and Davidson, Sinclair and Potts, Jason, Property rights, knowledge commons and blockchain governance (April 27, 2020). Available at SSRN: https://ssrn.com/abstract=3344110 or http://dx.doi.org/10.2139/ssrn.3344110

Darcy Allen

RMIT University ( email )

440 Elizabeth Street
Melbourne, 3000
Australia

Chris Berg (Contact Author)

RMIT University ( email )

124 La Trobe Street
Melbourne, 3000
Australia

Sinclair Davidson

RMIT University ( email )

124 La Trobe Street
Melbourne, 3000
Australia

Jason Potts

RMIT University ( email )

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