Discussion on: “Programmable money: next generation blockchain-based conditional payments” by Ingo Weber and Mark Staples

Blockchain Technology for Next Generation ICT

Blockchain technology, which supports low-cost decentralized distributed data management featuring tamper resistance, high availability, and transparency, is a breakthrough technology that will lead to the next generation of information and communications technology (ICT). Originally devised to support the Bitcoin digital currency, it is expected to be applied to a broad range of financial appl...

CyberMiles: A Next Generation Blockchain Protocol for Business Transactions

Improved Conditional E-Payments

Conditional e-cash or conditional e-payments have been introduced by Shi et al. as the means for enabling electronic payments to be based on the outcome of a certain condition not known in advance. In this framework, a payer obtains an electronic coin and can transfer it to a payee under a certain condition. Once the outcome of the condition is known, if it was favorable to the payee, the payee...

Discussion Mark Flood

and real-return expectations in Canada and the United States via a twocountry extension of the equilibrium term-structure model introduced by Longstaff and Schwartz (1992). This paper is part of a larger research agenda that attempts to link empirically the structure of equilibrium termstructure models to macroeconomic fundamentals in both the United States and Canada. If they can accurately me...

Marshallian Money, Welfare, and Side-Payments

A link between a no-side-payment (NSP) market game and a sidepayment (SP) market game can be established by introducing a sufficient amount of an ideal utility-money of constant marginal utility to all agents. At some point when there is “enough money” in the system, if it is “well distributed” the new game will be a SP game. This game can also be related to a pure NSP game where a set of defau...