Blockchain and the New Architecture of Trust

Werbach, Kevin

ISBN 10: 0262038935 / ISBN 13: 9780262038935

Editore: The MIT Press, 2018

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Codice articolo 32453564-5

Dati bibliografici

• Titolo: Blockchain and the New Architecture of Trust
• Editore: The MIT Press
• Data di pubblicazione: 2018
• Lingua: Inglese
• ISBN 10: 0262038935
• ISBN 13: 9780262038935
• Rilegatura: Rilegato
• Condizione: good

Descrizione articolo

Riassunto

How the blockchain—a system built on foundations of mutual mistrust—can become trustworthy

The blockchain entered the world on January 3, 2009, introducing an innovative new trust architecture: an environment in which users trust a system—for example, a shared ledger of information—without necessarily trusting any of its components. The cryptocurrency Bitcoin is the most famous implementation of the blockchain, but hundreds of other companies have been founded and billions of dollars have been invested in similar applications since Bitcoin’s launch. Some see the blockchain as offering more opportunities for criminal behavior than benefits to society. In this book, Kevin Werbach shows how a technology resting on foundations of mutual mistrust can become trustworthy.

The blockchain, built on open software and decentralized foundations that allow anyone to participate, seems like a threat to any form of regulation. In fact, Werbach argues, law and the blockchain need each other. Blockchain systems that ignore law and governance are likely to fail, or to become outlaw technologies irrelevant to the mainstream economy. That, Werbach cautions, would be a tragic waste of potential. If, however, we recognize the blockchain as a kind of legal technology that shapes behavior in new ways, it can be harnessed to create tremendous business and social value.

Informazioni sull?autore

Kevin Werbach is Professor of Legal Studies and Business Ethics at the Wharton School of the University of Pennsylvania. Founder of the technology consulting firm Supernova Group, he has advised the FCC and Department of Commerce on communication policy. He is the coauthor of For the Win: How Game Thinking Can Revolutionize Your Business.