The Blockchain and the New Architecture of Trust

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 and the New Architecture of Trust

The Blockchain and the New Architecture of Trust

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 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.

More Books:

The Blockchain and the New Architecture of Trust
Language: en
Pages: 344
Authors: Kevin Werbach
Categories: Computers
Type: BOOK - Published: 2018-11-20 - Publisher: MIT Press

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
The Blockchain and the New Architecture of Trust
Language: en
Pages: 344
Authors: Kevin Werbach
Categories: Computers
Type: BOOK - Published: 2018-12-11 - Publisher: MIT Press

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
After the Digital Tornado
Language: en
Pages: 320
Authors: Kevin Werbach
Categories: Computers
Type: BOOK - Published: 2020-07-23 - Publisher: Cambridge University Press

Leading technology scholars examine how networks powered by algorithms are transforming humanity, posing deep questions about power, freedom, and fairness. This title is also available as Open Access on Cambridge Core.
After the Digital Tornado
Language: en
Pages:
Authors: Kevin Werbach
Categories: Law
Type: BOOK - Published: 2020-07-23 - Publisher: Cambridge University Press

Networks powered by algorithms are pervasive. Major contemporary technology trends—Internet of Things, Big Data, Digital Platform Power, Blockchain, and the Algorithmic Society—are manifestations of this phenomenon. The internet, which once seemed an unambiguous benefit to society, is now the basis for invasions of privacy, massive concentrations of power, and wide-scale
Blockchain and Public Law
Language: en
Pages: 256
Authors: Pollicino, Oreste, De Gregorio, Giovanni
Categories: Law
Type: BOOK - Published: 2021-07-31 - Publisher: Edward Elgar Publishing

This important and topical book provides a comprehensive overview of the challenges raised by blockchain from the perspective of public law. It considers the ways in which traditional categories of public law such as sovereignty, citizenship and territory are shaped, as well as the impact of blockchain technology on fundamental

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