ABSTRACT

The advent of blockchain technology has the potential to revolutionise how business is carried out and further change the peer-to-peer nature of the platform economy. We introduce permissionless and permissioned blockchains in this chapter and look specifically at permissioned blockchains as being poised to disrupt many mainstream commercial activities. The roles of consumers as prosumers and other market actors will likely change and self-governance may not be entirely optimal. The chapter moots the possibility of a light-touch regulative model and uses the case study in peer-to-peer energy trading to predict how far regulative and self-governance would interact in new blockchain-based enterprises that are permissioned.