"It's a very exciting time... 'Are we seeing a paradigm shift?' I think we really are. I think that the significance of this is potentially as important as when double entry bookkeeping was first proposed about 500 years ago... ultimately [blockchain] is going to make business much more efficient, and this is good for everybody."

- David Yermack, New York University (NYU) Stern School of Business

Tags: blockchain technology, economics, restructuring, debt, smart contracts, bitcoin, law, D.A.O., ethereum, hacking, monetary regulation