Economic Analysis of Micro-chain and Micro-commerce Based on Information Flow and Thermodynamic Models

Abstract

Micropayment by WeChat is widely used these days across the world which can be extended to microcommerce. While it can be considered as the essence of a microchain in society, it is also found to enjoy similar characteristics like Huizhou Merchants, such as the way of travelling and the aims for daily uses. The information flow model is presented to account for the profits caused by asymmetry in modern society within blockchain. In contrast, the thermodynamic model with entropy is used to show the profits in the microcommerce, and predicts that a large block chain may not necessarily increase values.