The Blockchain and the New Architecture of Trust

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The Blockchain and the New Architecture of Trust

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The Blockchain and the New Architecture of Trust by Kevin Werbach

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.

Werbach, Kevin: - Kevin Werbach is Professor of Legal Studies and Business Ethics at the Wharton School, University of Pennsylvania. A world-renowned expert on emerging technology, he examines business and policy implications of developments such as broadband, big data, gamification, and blockchain. Previously, Werbach served on the Obama Administration's Presidential Transition Team, founded the Supernova Group (a technology conference and consulting firm), led internet policy at the Federal Communications Commission, and created a massive open online course. His books include For the Win: How Game Thinking Can Revolutionize Your Business and The Blockchain and the New Architecture of Trust
SKU Unavailable
ISBN 13 9780262038935
ISBN 10 0262038935
Title The Blockchain and the New Architecture of Trust
Author Kevin Werbach
Series Information Policy
Condition Unavailable
Binding Type Hardback
Publisher MIT Press Ltd
Year published 2018-11-20
Number of pages 312
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
Note Unavailable