Distributed Ledgers

Robert M. Townsend is Elizabeth & James Killian Professor of Economics at MIT and the coauthor of Chronicles from the Field: The Townsend Thai Project (MIT Press).

Preface
Acknowledgments
1 Introduction
2 Economies, Obstacles, Welfare, and Measurement
3 Ledgers as Financial Accounts
4 E-Payments, E-messages and Trusted Third Parties in Payments Systems
5 Encryption
6 Smart Contracts--Contract theory and Mechanism design
7 Design Issues: Partitioned Ledgers, the Decision to Decentralize Implementation in Multi-Party Contracts, And Incentive Compatible Token Payments Systems
8 Building Financial Infrastructure on Distributed Ledgers--Practical Application in Emerging Markets
9 Payments Systems on Distributed Ledgers: Practical Applications
10 Regulation and the Use of Distributed Ledger Technology
11 Cryptocurrency: The Role and Value of Tokens in Economies with Distributed Ledger Systems
12 Summary and Conclusion
Notes
References
Index