The Blockchain and the New Architecture of Trust

Kevin Werbach

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Sprache: Englisch

Verlag: MIT Press Ltd, 2018

0262038935 / 9780262038935

Serie: Buch 14 von 25 - Information Policy

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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. …

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Titel
The Blockchain and the New Architecture of Trust
Autor
Kevin Werbach
Verlag
MIT Press Ltd
Erscheinungsjahr
2018
Zustand
Very Good
Einband
Hardback
Sprache
Englisch
ISBN-10
0262038935
ISBN-13
9780262038935
Serie
Buch 14 von 25: Information Policy

World of Books (was SecondSale)

Montgomery, IL, USA

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