# Professor Thomas Philippon's research on blockchain technology is referenced

1 Faculty News August 10, 2016 ![Financial Times logo](/sites/default/files/styles/246w/public/assets/images/uat_025699.jpg?itok=5SpaxEbn)>

Excerpt from the [Financial Times](http://ftalphaville.ft.com/2016/08/10/2172380/how-i-learned-to-stop-blockchain-obsessing-and-love-the-barry-manilow/) -- "In theory, the blockchain technology could improve the efficiency of the market, but if there is no entry, this would simply increase the rents of incumbents. A restricted blockchain could in fact be used by incumbents to deter entry and stifle innovation."

[Read more](http://ftalphaville.ft.com/2016/08/10/2172380/how-i-learned-to-stop-blockchain-obsessing-and-love-the-barry-manilow/)