18 January, 2024: Prof. Sumit Majumdar, from the Technology Strategy area at Jindal School of Management, University of Texas, will present his research on ‘Blockchain Technology and Platform Ecosystems Efficiency: Consent, Unanimity and Reciprocity’, on 22nd January 2024, at 2:30 pm, in Classroom P-11, at IIM Bangalore.
He will present the microeconomic implications of incorporating blockchain technology in online platform market ecosystems.
Here is an abstract of his paper: Blockchain technology usage prevents today’s complex online markets from faltering and failing, enhances efficiency and fosters effective market governance. Blockchain is a distributed transaction recording technology, and its elements help eliminate moral hazard and permit trust development. Positive impacts emerge because the consenting and smart contracting mechanisms of blockchain technology alter the attributes of transactions processes. The consensus algorithm component of blockchains impacts unanimity achievement relevant for reaching mutual consent. Another blockchain operational mechanism is smart contracts; these provide market engineering solutions to inculcate reciprocity among stakeholders. Unanimity and reciprocity motivate trust and enhance exchange transaction scrupulousness. Thereby, blockchain boosts platform ecosystems’ performance and positively impacts market governance outcomes.
Prof. Sumit Majumdar is a Professor of Technology Strategy in the Jindal School of Management, University of Texas at Dallas. His doctoral degree is from the University of Minnesota. He has been on the faculties of Imperial College, London, and the University of Michigan, Ann Arbor. He qualified as a Chartered Accountant and as a Chartered Management Accountant during London stays. His prior degrees were from the Sydenham College of Commerce and Economics, and the Jamnalal Bajaj Institute of Management Studies, both of the University of Bombay. His research has assessed how institutional changes have impacted corporate performance. An area that he has studied deeply is India’s industrial economy, as it has emerged from a command-and-control regime to free market status, and his works on the impact of policy of policy innovations and reforms in Indian industry have been extensive and influential.
He has published extensively. He has edited the Handbook of Telecommunications Economics (Elsevier; 2002, Volume 1 and 2005 Volume 2) and is the author of India’s Late, Late Industrial Revolution: Democratizing Entrepreneurship (Cambridge University Press, 2012) and Lost Glory: India’s Capitalism Story (Oxford University Press).
His current concerns are the many facets of digital antitrust, and he is finalizing a two-volume history of the Indian officers of the ICS and their role in India’s governance.
18 January, 2024: Prof. Sumit Majumdar, from the Technology Strategy area at Jindal School of Management, University of Texas, will present his research on ‘Blockchain Technology and Platform Ecosystems Efficiency: Consent, Unanimity and Reciprocity’, on 22nd January 2024, at 2:30 pm, in Classroom P-11, at IIM Bangalore.
He will present the microeconomic implications of incorporating blockchain technology in online platform market ecosystems.
Here is an abstract of his paper: Blockchain technology usage prevents today’s complex online markets from faltering and failing, enhances efficiency and fosters effective market governance. Blockchain is a distributed transaction recording technology, and its elements help eliminate moral hazard and permit trust development. Positive impacts emerge because the consenting and smart contracting mechanisms of blockchain technology alter the attributes of transactions processes. The consensus algorithm component of blockchains impacts unanimity achievement relevant for reaching mutual consent. Another blockchain operational mechanism is smart contracts; these provide market engineering solutions to inculcate reciprocity among stakeholders. Unanimity and reciprocity motivate trust and enhance exchange transaction scrupulousness. Thereby, blockchain boosts platform ecosystems’ performance and positively impacts market governance outcomes.
Prof. Sumit Majumdar is a Professor of Technology Strategy in the Jindal School of Management, University of Texas at Dallas. His doctoral degree is from the University of Minnesota. He has been on the faculties of Imperial College, London, and the University of Michigan, Ann Arbor. He qualified as a Chartered Accountant and as a Chartered Management Accountant during London stays. His prior degrees were from the Sydenham College of Commerce and Economics, and the Jamnalal Bajaj Institute of Management Studies, both of the University of Bombay. His research has assessed how institutional changes have impacted corporate performance. An area that he has studied deeply is India’s industrial economy, as it has emerged from a command-and-control regime to free market status, and his works on the impact of policy of policy innovations and reforms in Indian industry have been extensive and influential.
He has published extensively. He has edited the Handbook of Telecommunications Economics (Elsevier; 2002, Volume 1 and 2005 Volume 2) and is the author of India’s Late, Late Industrial Revolution: Democratizing Entrepreneurship (Cambridge University Press, 2012) and Lost Glory: India’s Capitalism Story (Oxford University Press).
His current concerns are the many facets of digital antitrust, and he is finalizing a two-volume history of the Indian officers of the ICS and their role in India’s governance.