Blockchain innovations such as Bitcoin and smart contracts can foster peer-to-peer trust without the need for a third-party enforcer. Their ability to foster cooperation via new goods and services, including private alternatives to traditional government services, offers tremendous potential for voluntary society.

Malavika Nair is an Assistant Professor of Economics at Troy University.
Daniel S. Sutter is the Charles G. Koch Professor with the Manuel H. Johnson Center for Political Economy, Sorrell College of Business, Troy University.
Banking and FinanceEconomic PolicyEconomyFree Market EconomicsTelecom and Internet Policy
Other Independent Review articles by Malavika Nair
Summer 2013 Fractional Reserves and Demand Deposits: Historical Evidence from an Unregulated Banking System
Other Independent Review articles by Daniel S. Sutter
Fall 2013 Response and Recovery after the Joplin Tornado: Lessons Applied and Lessons Learned
Winter 2011/12 Mechanisms of Liberal Bias in the News Media versus the Academy
Spring 2010 Unquenchable: America’s Water Crisis and What to Do about It
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