Since Bitcoin appeared in 2009, the digital currency has been hailed as an Internet marvel and decried as the preferred transaction vehicle for all manner of criminals. It has left nearly everyone without a computer science degree confused: Just how do you “mine” money from ones and zeros? The answer lies in a technology called blockchain, which can be used for much more than Bitcoin. A general-purpose tool for creating secure, decentralized, peer-to-peer applications, blockchain technology has been compared to the Internet itself in both form and impact. Some have said this tool may change society as we know it. Blockchains are being used to create autonomous computer programs known as “smart contracts,” to expedite payments, to create financial instruments, to organize the exchange of data and information, and to facilitate interactions between humans and machines. The technology could affect governance itself, by supporting new organizational structures that promote more democratic and participatory decision making. Primavera De Filippi and Aaron Wright acknowledge this potential and urge the law to catch up. That is because disintermediation—a blockchain’s greatest asset—subverts critical regulation. By cutting out middlemen, such as large online operators and multinational corporations, blockchains run the risk of undermining the capacity of governmental authorities to supervise activities in banking, commerce, law, and other vital areas. De Filippi and Wright welcome the new possibilities inherent in blockchains. But as Blockchain and the Law makes clear, the technology cannot be harnessed productively without new rules and new approaches to legal thinking.
Discussions included in this book: - an introduction to smart contracts, and their potential, from a commercial and consumer law perspective, to change the nature of transactions between parties; - the impact that Blockchain has already had ...
The Blockchain: A Guide for Legal and Business Professionals
6.4 (2019), available at https://www.cnmv.es/docportal/Legislacion/FAQ/QAsFinTech_EN.pdf Thematic Report of the European ... available at https://www.sec.gov/litigation/investreport/34-81207.pdf UK Government Chief Scientist Adviser, ...
Werbach, Kevin and Cornell, Nicholas. “Contracts Ex Machina,” 67 Duke L.J. 314 (2017). Wolfson, Rachel. “Why Centralized Cryptocurrency Exchanges Make Terrible Custodians for Crypto Assets,” Forbes (Nov. 7, 2018), accessed April 8, ...
This volume explores from a legal perspective, how blockchain works. Perhaps more than ever before, this new technology requires us to take a multidisciplinary approach.
This important and topical book provides a comprehensive overview of the challenges raised by blockchain from the perspective of public law.
Understanding Blockchain /Jake van der Laan --Blockchain and Information Security /Dave Hirsch --Blockchain Regulation /Thomas Richter --Blockchain and Smart Contracts /Philip Trillmich, Matthias Goetz & Chris Ewing --Blockchain and Data ...
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 aim of this book is to understand the technological and business potential of the blockchain technology and to reflect on its legal challenges.
165 CO', in Heinrich Honsell, Nedim Peter Vogt and Wolfgang Wieg (eds), Basler Kommentar Obligationen recht (6th edn., Basel, Helbing Lichtenhahn, 2015). 132 For a commentary of this provision, see Silvio Venturi and Marie-Noëlle ...