The Cryptoeconomics of Cities, Data and Space
Allen, DWE, Berg, C, Jowett, K, Novak, M, Potts, J (Forthcoming) ‘The Cryptoeconomics of Cities, Data and Space’, Cosmos + Taxis.
18 Pages Posted: 22 Aug 2019 Last revised: 2 Apr 2020
Date Written: August 20, 2019
We explore the connection between new decentralised data infrastructure and the spatial organisation of cities. Recent advances in digital technologies for data generation, storage and coordination (e.g. blockchain-based supply chains and proof-of-location services) enables more granulated, decentralised and tradeable data about city life. We propose that this new digital infrastructure for information in cities shifts the organisation and planning of city life downwards and opens new opportunities for entrepreneurial discovery. Compared to centralised governance of smart cities, crypto-cities are more emergent orderings. This paper introduces this research agenda on the boundaries of spatial economics, the economics of cities, information economics, institutional economics and technological change.
Keywords: Blockchain, Distributed Governance, Smart City, Spontaneous Order, Blockchain Supply Chain, Data Markets, Proof-of-location
JEL Classification: R10
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