I met Dr. Coase at a small meeting/conference that a consulting firm put together for its clients back in the mid-nineties. It was my first encounter to his thinking, and it was transformative for me. Today when I think about blockchain technology, I can't help but imagine how Coase would jump all over it and theorize about the further disintegration of large companies and how they will be organized. Reading about this tech with a Coasian mindset will also lead one to conclude that blockchain tech without an open digital token has limited value.