Offering the first scholarly analysis of the economic nature of blockchains and the formation of the blockchain economy, this timely book explores the future of global capitalism. Applying the institutional economics of Ronald Coase and Oliver Williamson, the authors highlight how blockchains are poised to reshape the nature of firms, governments, markets and civil society. Chapters apply basic economic principles to explore blockchains and distributed ledger technologies through the framework of institutional economics. The book suggests ways in which cryptocurrencies such as Bitcoin may develop further in the future, bringing us back to a barter economy which removes the need for a third person in economic transactions. Outlining a ledger-centric view of the economy, the authors explore how blockchains and dehierarchalisation will reduce the demand for government regulation. Institutional economists and scholars will greatly appreciate the thorough analysis of the development of institutional cryptoeconomics and insight into the future of blockchains that this book offers. Computer and technology scientists will also find this book to be a valuable read, as well as those working specifically in the blockchain industry.

Estimation of Time since Death in Australian Conditions collates data about decomposed bodies found in the eastern states of Australia from the years 2000 to 2010. The book takes into account that over 70% of decomposed bodies were found within 14 days. From standard autopsy reports, a quantitative method of assessing the degree of decomposition in four specific body organs and the total appearance of the body was collated into a total body score (tbs). The mathematical models on how to estimate time since death in the eastern states of Australia are covered in this valuable resource.