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dc.contributor.advisorChristian Catalini.en_US
dc.contributor.authorJiang, Jennifer Hongboen_US
dc.contributor.otherTechnology and Policy Program.en_US
dc.date.accessioned2017-09-15T15:34:54Z
dc.date.available2017-09-15T15:34:54Z
dc.date.copyright2017en_US
dc.date.issued2017en_US
dc.identifier.urihttp://hdl.handle.net/1721.1/111454
dc.descriptionThesis: S.M. in Management of Technology, Massachusetts Institute of Technology, Sloan School of Management, 2017.en_US
dc.descriptionCataloged from PDF version of thesis.en_US
dc.descriptionIncludes bibliographical references (pages 47-49).en_US
dc.description.abstractThis paper analyzed how blockchain has achieved decentralized consensus, a remarkable innovation by: 1) validating transactions based on cryptograph technologies and implicit incentives; 2) extending blockchain networks based on a process of randomization. The success of emerging distributed ledger technology (DLT) reveals an intricate interplay of key factors among technology, economics, and rules. This paper discussed the broad spectrum of permissionless and permissioned DLTs and argued that the choice of DLT for each business case is a delicate balancing act for the needs of disintermediation, confidentiality, and scalability among other considerations. Smart contacts are the pre-agreed set of rules evaluated and executed by an automated system based on DLT. By digitalizing the physical business world, smart contracts combined with loT or big data analytics can help make powerful business cases, and we illustrated the potential use-cases in financial securitization industry. Looking forward, a decentralized consensus model empowered by DLT may lead to a new dimension of organizational changes and foster more collaborative partnership within and beyond the financial services industry.en_US
dc.description.statementofresponsibilityby Jennifer Hongbo Jiang.en_US
dc.format.extent49 pagesen_US
dc.language.isoengen_US
dc.publisherMassachusetts Institute of Technologyen_US
dc.rightsMIT theses are protected by copyright. They may be viewed, downloaded, or printed from this source but further reproduction or distribution in any format is prohibited without written permission.en_US
dc.rights.urihttp://dspace.mit.edu/handle/1721.1/7582en_US
dc.subjectSloan School of Management.en_US
dc.subjectTechnology and Policy Program.en_US
dc.titleHow much does trust cost? : analysis of the consensus mechanism of distributed ledger technology and use-cases in securitizationen_US
dc.title.alternativeAnalysis of the consensus mechanism of distributed ledger technology and use-cases in securitizationen_US
dc.typeThesisen_US
dc.description.degreeS.M. in Management of Technologyen_US
dc.contributor.departmentSloan School of Management.en_US
dc.contributor.departmentTechnology and Policy Program.en_US
dc.identifier.oclc1003321586en_US


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