WISERUNION / Chinese public reading
Blockchain - the underlying technology of Stakeholder Capital Theory
Institutional technology, stakeholder capital and evolvable co-creation of order
V1.0 · 2026-10-08
This book defines blockchain as an institutional technology. Along the two main lines of information replication and asset transfer, social consensus and technical execution, it systematically discusses digital assets, contribution confirmation, capital formation, equity allocation, collaborative governance and evolvable systems.

About this book and the current version
Understand co-creation from the perspective of institutional technology.
V1.0 is officially released as the WISERUNION institutional research version and the non-sale research version, which includes a preface, introduction, seven chapters and thirty-two chapters, conclusion, thirteen appendices, thirteen core charts and references. The first author is Codex, and the second author is Andrew David W.Y. This book does not constitute legal, accounting, or tax advice in a particular jurisdiction or certification of actual system security.
V1.0 is officially released as the WISERUNION institutional research version and the non-sale research version, which includes a preface, introduction, seven chapters and thirty-two chapters, conclusion, thirteen appendices, thirteen core charts and references. The first author is Codex, and the second author is Andrew David W.Y. This book does not constitute legal, accounting, or tax advice in a particular jurisdiction or certification of actual system security.
Source: yutengfei.com Chinese version ↗ · The copy of this site was compiled on 2026-10-27. The author, version and text are retained according to the current Chinese version of the original site.
CONTENTS / Full directory
From each chapter, keep reading.
57 public reading units · Full text in Chinese
- 01 Introduction Why co-creation requires institutional technology Chinese source
- 02 Introduction How Blockchain Becomes the Technical Foundation for Stakeholder Capital Governance Chinese source
- 03 "Blockchain - The Underlying Technology of Stakeholder Capital Theory" Core Chart Catalog V1.0 Chinese source
- 04 Chapter 1 Institutional Technology: From Information Copying to Asset Transfer Chinese source
- 05 Chapter 1 The institutional technical attributes of blockchain Chinese source
- 06 Chapter 2 The Fundamental Difference between Information Replication and Asset Transfer Chinese source
- 07 Chapter 3 Issues of exclusivity, ownership and property rights in the digital world Chinese source
- 08 Chapter 4 From Digital Assets to Stakeholder Capital Chinese source
- 09 Chapter 5 From social consensus to institutional rules Chinese source
- 10 Chapter 6 Applicable Conditions and Selection Boundaries of Institutional Technology Chinese source
- 11 Part 2 Consensus and Implementation: How Institutions Enter Technical Systems Chinese source
- 12 Chapter 7 Cryptography: Authorization, Integrity and Verifiable Evidence Chinese source
- 13 Chapter 8 Distributed Ledger: How a Common State is Formed Chinese source
- 14 Chapter 9 Consensus Mechanism: Confirmation System of Common Ledger Chinese source
- 15 Chapter 10 Institutional Arrangements in Different Consensus Mechanisms Chinese source
- 16 Chapter 11 Smart Contract: How institutional rules are executed Chinese source
- 17 Chapter 12 Reality Connection: How the on-chain system corresponds to off-chain facts Chinese source
- 18 Part 3 Contribution Acknowledgment: How Co-Creation Becomes a Verifiable Record Chinese source
- 19 Chapter 13 Stakeholder Identity and Relationship Modeling Chinese source
- 20 Chapter 14 Commitments, Tasks and Contribution Events Chinese source
- 21 Chapter 15 Contribution Evidence and Confirmation Procedures Chinese source
- 22 Chapter 16 Contribution Measurement and Value Judgment Chinese source
- 23 Chapter 4 Capital and Equity: From Contribution Records to Institutionalized Rights Chinese source
- 24 Chapter 17 Capital formation conditions and account system Chinese source
- 25 Chapter 18 Equity Structure, Digital Certificates and Rights Transfer Chinese source
- 26 Chapter 19 Token Mechanism and Circulation Rules Chinese source
- 27 Chapter 20 Income Accounting and Distribution Execution Chinese source
- 28 Part 5 Collaborative Governance: How to operate, supervise and revise the system Chinese source
- 29 Chapter 21 From technical consensus to multi-party governance Chinese source
- 30 Chapter 22 Formulation, implementation and revision of the system Chinese source
- 31 Chapter 23 Auditing, Correction and Responsibility Tracing Chinese source
- 32 Chapter 24 Cross-organizational collaboration and ecological governance Chinese source
- 33 Part 6 System Construction: From Technical Architecture to Validity Testing Chinese source
- 34 Chapter 25 The overall technical architecture of stakeholder capital governance Chinese source
- 35 Chapter 26 Security, Privacy and Continuous Operation of the System Chinese source
- 36 Chapter 27 Implementation Path and System Migration Chinese source
- 37 Chapter 28 How to test the true effect of blockchain on capital governance Chinese source
- 38 Part 7 Future Institutions: From Programmable Assets to Evolvable Co-Creative Order Chinese source
- 39 Chapter 29 From asset transfer to programmable rights and obligations Chinese source
- 40 Chapter 30 Capital system jointly created by humans and intelligence Chinese source
- 41 Chapter 31 Composable Systems and Cross-Organizational Collaboration Networks Chinese source
- 42 Chapter 32 Verifiable, Revisable and Evolvable System Chinese source
- 43 Conclusion · Turn shared creation into capital for shared growth Chinese source
- 44 Appendix 1 · Stakeholder-capital concepts and technical objects Chinese source
- 45 Appendix 2 · Blockchain suitability assessment Chinese source
- 46 Appendix 3 · Stakeholder identities, roles and permissions Chinese source
- 47 Appendix 4 · Contribution events, evidence and confirmation-status data dictionary Chinese source
- 48 Appendix 5 · Capital-formation conditions and rights-registration template Chinese source
- 49 Appendix 6 · Mapping institutional provisions to smart-contract functions Chinese source
- 50 Appendix 7 · Return accounting, distribution and reconciliation workflow Chinese source
- 51 Appendix 8 · Governance proposals, voting and rule-upgrade workflow Chinese source
- 52 Appendix 9 · Security, privacy, exceptions and recovery checklist Chinese source
- 53 Appendix 10 · System acceptance and technical-effect assessment Chinese source
- 54 Appendix 11 · Institutional dimensions of consensus mechanisms Chinese source
- 55 Appendix 12 · On-chain control, institutional interests and legal rights checklist Chinese source
- 56 Appendix 13 · Future institutional propositions, conditions and falsification paths Chinese source
- 57 References Chinese source