The Blockchain and the New Architecture of Trust

Author:   Kevin Werbach (University of Pennsylvania) ,  Sandra Braman (Professor, Texas A&M University) ,  Paul T. Jaeger (Assistant Professor, University of Maryland)
Publisher:   MIT Press Ltd
ISBN:  

9780262038935


Pages:   312
Publication Date:   20 November 2018
Recommended Age:   From 18 years
Format:   Hardback
Availability:   To order   Availability explained
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The Blockchain and the New Architecture of Trust


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Overview

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.

Full Product Details

Author:   Kevin Werbach (University of Pennsylvania) ,  Sandra Braman (Professor, Texas A&M University) ,  Paul T. Jaeger (Assistant Professor, University of Maryland)
Publisher:   MIT Press Ltd
Imprint:   MIT Press
Dimensions:   Width: 15.20cm , Height: 2.90cm , Length: 22.90cm
ISBN:  

9780262038935


ISBN 10:   0262038935
Pages:   312
Publication Date:   20 November 2018
Recommended Age:   From 18 years
Audience:   General/trade ,  General
Format:   Hardback
Publisher's Status:   Active
Availability:   To order   Availability explained
Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us.

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However, Werbach argues, the most significant innovation of blockchain is not governmental or even technological but emotional: the creation of 'a new form of trust,' in which you put your confidence in a store of information without relying on any single person to authenticate it - trust the system, not its parts. The outstanding question is whether this method of cultivating trust is viable, and if it is, in what ways we can best deploy it. The answers we come up with are likely to determine blockchain's future. -New York Times Book Review


Author Information

Kevin Werbach is Professor of Legal Studies and Business Ethics at the Wharton School of the University of Pennsylvania. Founder of the technology consulting firm Supernova Group, he has advised the FCC and Department of Commerce on communication policy. He is the coauthor of For the Win- How Game Thinking Can Revolutionize Your Business.

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