The SKY Model of Limited BlockChain in an App Ecosystem

Hegadekatti, Kartik and S G, Yatish and T J, Satish (2016): The SKY Model of Limited BlockChain in an App Ecosystem. Published in: Information Systems & Economics eJournal , Vol. 08, No. 109 (3 November 2016): 01-08.

Abstract

Mobile App based market is rapidly becoming popular. As such, it is an opportunity to bring hassle-free transactions to people’s mobile phones. But the multi-billion dollar App market pays a great amount of money in transaction costs and banking services. This paper provides a solution by integrating BlockChain technology with Mobile-App based economy. We first describe the various concepts involved in BlockChain and App technology. Then we deliberate on how the two can be brought together without a glitch in either of the systems. This model is named as the SKY Model, each letter in the word SKY respectively standing for the initials of the authors. We also discuss the various merits of a BlockChain amalgamated with Mobile App based economy. We then go on to show how a decentralised economic system can be brought about on Mobile Apps through The SKY Model of Limited BlockChain.

• Item Type: MPRA Paper
• Language: English
• Keywords: Blockchain, Apps, Decentralise
• Subjects: E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E51 - Money Supply ; Credit ; Money Multipliers; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E52 - Monetary Policy; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E58 - Central Banks and Their Policies; G - Financial Economics > G1 - General Financial Markets > G18 - Government Policy and Regulation; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O38 - Government Policy; P - Economic Systems > P1 - Capitalist Systems > P11 - Planning, Coordination, and Reform; P - Economic Systems > P1 - Capitalist Systems > P12 - Capitalist Enterprises; P - Economic Systems > P1 - Capitalist Systems > P13 - Cooperative Enterprises

References

[1] Hegadekatti, Kartik and S G, Yatish, Proof-of-Sovereignty As a Method to Achieve Distributed Consensus in Crypto-Currency Networks (September 1,2016)