EAN: 9789811533785

ECONOMICS LAW AND INSTITUTIONS IN ASIA PACIFIC ...

This open access book contributes to the creation of a cyber ecosystem supported by blockchain
technology in which technology and people can coexist in harmony. Blockchains have shown that
trusted records  or ledgers  of permanent data can be stored on the Internet in a decentralized
manner. The decentralization of the recording process is expected to significantly economize
the cost of transactions. Creating a ledger on data  a blockchain makes it possible to
designate the owner of each piece of data  to trade data pieces  and to market them. This book
examines the formation of markets for various types of data from the theory of market quality
proposed and developed by M. Yano. Blockchains are expected to give data itself the status of a
new production factor. Bringing ownership of data to the hands of data producers  blockchains
can reduce the possibility of information leakage  enhance the sharing and use of IoT data  and
prevent data monopoly and misuse. The industry will have a bright future as soon as better
technology is developed and when a healthy infrastructure is created to support the blockchain
market.

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