The blockchain and the new architecture of trust
(Book)

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Published
Cambridge, Massachusetts : The MIT Press, [2018].
Status
Central - Adult Nonfiction
332.178 WERBA
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Status
Central - Adult Nonfiction
332.178 WERBA
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Format
Book
Physical Desc
xvi, 322 pages : illustrations ; 24 cm.
Language
English
ISBN
9780262038935, 0262038935
UPC
40028643446

Notes

Bibliography
Includes bibliographical references (pages 247-304) and index.
Description
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, which shapes behavior in new ways, it can be harnessed to create tremendous business and social value.
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Citations
APA Citation (style guide)

Werbach, K. (2018). The blockchain and the new architecture of trust. Cambridge, Massachusetts: The MIT Press.

Chicago / Turabian - Author Date Citation (style guide)

Werbach, Kevin. 2018. The Blockchain and the New Architecture of Trust. Cambridge, Massachusetts: The MIT Press.

Chicago / Turabian - Humanities Citation (style guide)

Werbach, Kevin, The Blockchain and the New Architecture of Trust. Cambridge, Massachusetts: The MIT Press, 2018.

MLA Citation (style guide)

Werbach, Kevin. The Blockchain and the New Architecture of Trust. Cambridge, Massachusetts: The MIT Press, 2018. Print.

Note! Citation formats are based on standards as of July 2010. Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy.
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