Cryptocurrency, Blockchain, and their Governance Implications

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The Institute for Corporate Governance Public Lecture Series:

“Cryptocurrency, Blockchain, and their Governance Implications”

Vivian Fang (Carlson School of Management, University of Minnesota and ECGI)

Thursday, 19 January 2023

12:00 – 13:15 EST | 18:00 – 19:15 CET

Organised by

Jun Yang (Kelley School of Business, Indiana University)
 

About the Event:

Cryptocurrencies were born in the wake of the financial crisis, bestowed with the mission to address governance failures in the traditional financial system. The idea is that a decentralized system works to circumvent the centralized control of money and the use of cryptography and blockchain technology keeps records secure and transparent. Ironically, FTX, the second-largest cryptocurrency exchange at its peak, went down as one of the greatest governance failures in history. In this lecture, Professor Fang shared insights from corporate governance and disclosure research and present a realistic perspective on how features of cryptocurrency and blockchain may address some governance challenges (e.g., by reducing contracting costs) while fueling others (e.g., by exacerbating information asymmetry), particularly in the absence of regulation and disclosure requirements.

The public lecture series is organised by Institute for Corporate Governance (ICG), in partnership with the Ostrom Workshop at Indiana University and ECGI.