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By:Kevin Werbach
Published on 2018-11-20 by 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 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.
This Book was ranked at 21 by Google Books for keyword best architecture books 2018.
Book ID of The Blockchain and the New Architecture of Trust's Books is lnp8DwAAQBAJ, Book which was written byKevin Werbachhave ETAG "HtEVF6elPwk"
Book which was published by MIT Press since 2018-11-20 have ISBNs, ISBN 13 Code is 9780262038935 and ISBN 10 Code is 0262038935
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