Examine what would happen if we were to deploy blockchain technology at the sovereign level and
use it to create a decentralized cashless economy. This book explains how finance and economics
work today and how the convergence of various technologies related to the financial sector can
help us find solutions to problems such as excessive debt creation banks getting too big to
fail and shadow banking. The Blockchain Alternative offers sensible corrections to outdated
and incorrect dogmas such as the efficient markets hypothesis and rational expectations
theory. You'll also be introduced to universal basic income the consequences of going cashless
why complexity economics needs to be understood and what kinds of tools and theories you'll
need to redefine the existing definition of capitalism. While the book does discuss
technologies and methods that are primed for our future a number of references are made to
economic history and the works ofgreat thinkers from a different era. You'll see how the
blockchain can be used to deploy solutions that were devised in the past but which can serve
as the antidote to our current economic malaises. You'll discover that what is required today
is not an adaptation of the old theories but a new methodology that is suited to this new era.
Without undertaking such an endeavor one will always be burdened with a definition of
capitalism that is out of kilter with the evolution of our digital humanity. What would this
mean to monetary and fiscal policy market structure and our current understanding of
economics? More importantly would we need to change our current understanding of capitalism?
And if we were to change our perceptions what would the future version look like? This book
answers these questions and analyses some of the most pertinent issues of our generation. What
You'll Learn Examine fractional banking debt and the financialization of assets Gain a firm
understanding of the too big to fail theory smart contracts and Fintech Review economics and
agent-based modelling Use the blockchain and complexity economics to rethink economics and
capitalistic systems Who This Book Is For The primary audience is bankers and other finance
professionals policy makers and students of finance and economics. The secondary audience is
anyone seeking a deeper understanding of the current financial system the blockchain and the
future of capitalism. Praise for The Blockchain Alternative ...a bold and pioneering effort to
make sense of how emerging digital technologies might be used to reshape public policies
including macroeconomic and social policies in basic ways. Everyone interested in thisvery
important emerging question should read this book. - Dr. Sanjay G. Reddy Associate Professor
of Economics at The New School for Social Research and Research Associate of the Initiative for
Policy Dialogue at Columbia University. Writing on blockchain today is analogous to writing
about the internet before it became massively distributed. The book pushes us to think about
the quantum leap that this technology may infer to our capitalist model if scaled at the pace
described by the book. Written with the support of strong empirical models but also with an
open mind towards the future this is a must read for anyone interested in becoming part of the
new economic infrastructure - Dr. Mark Esposito Harvard University's Division of Continuing
Education & Judge Business School University of Cambridge With a rigorously balanced dosage of
versatility and rationa
