The Blockchain and the New Architecture of Trust Book Reviews
The Blockchain and the New Architecture of Trust by Kevin Werbach Book Summary
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 have been 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.
Book Name | The Blockchain and the New Architecture of Trust |
Genre | Computers |
Author | Kevin Werbach |
Published | 20 November 2018, Tuesday |
Language | English |
E-Book Size | 4.47 MB |
The Blockchain and the New Architecture of Trust (Kevin Werbach) Book Reviews 2024
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Summary of The Blockchain and the New Architecture of Trust by Kevin Werbach
The The Blockchain and the New Architecture of Trust book written by Kevin Werbach was published on 20 November 2018, Tuesday in the Computers category. A total of 52 readers of the book gave the book 0 points out of 5.
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