Blockchain Regulation and Governance in Europe

Finck, Michèle

doi:10.1017/9781108609708

Cited by 101 publications

(67 citation statements)

References 109 publications

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“…In particular, the validation of emission certificates must be guaranteed. Finck [95] has, among others, evaluated the tension of blockchain technology and the established legal framework in Europe. His work underlines the challenge to enforce necessary law adaptions across all member states.…”

Section: Evaluation Framework For a Dlt-based Eu Etsmentioning

confidence: 99%

A European Emissions Trading System Powered by Distributed Ledger Technology: An Evaluation Framework

Mandaroux

Dong

Li³

2021

Sustainability

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The European Union Emissions Trading System (EU ETS) is a major pillar of the European energy policy to reduce greenhouse gas emissions. However, the reportedly pervasive frauds in this market are constraining the beneficial role of the EU ETS. In this conceptual paper, we propose to digitalize the EU ETS by distributed ledger technology (DLT), enabling the verification of authenticity and provenance, proof of ownership, and lifecycle traceability of carbon certificates and assets. Our platform allows verifiable credentials to validate emission allowances, real-time tracking of trading participants’ emissions, and the audit trail reporting of the decentralized trading records. Furthermore, we complement the DLT application concept with a structured interdisciplinary evaluation framework. Our framework and analysis aim to stimulate further interdisciplinary research in this area to support regulators, such as the European Commission, in designing effective digital emissions trading systems.

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Section: Evaluation Framework For a Dlt-based Eu Etsmentioning

confidence: 99%

A European Emissions Trading System Powered by Distributed Ledger Technology: An Evaluation Framework

Mandaroux

Dong

Li³

2021

Sustainability

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“…Essentially, blockchain is a network of nodes that stores continuously updated and synchronized data based on predefined rules every node agreed to. Self-executable programs, so-called smart contracts, further improve the efficiency of transactions [28] and reduce the need of human intervention.…”

Section: Blockchain -The Institutional Technology Of Governancementioning

confidence: 99%

“…Furthermore, blockchain is not a monolithic system. It rather is an ecosystem of multiple, interconnected layers [28]. There are different approaches to organize the layers depending on whether it should only entail technical layers or also institutional layers [31].…”

Section: Blockchain -The Institutional Technology Of Governancementioning

confidence: 99%

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Relevance of Public Administrations: Visualization of Shifting Power Relations in Blockchain-Based Public Service Delivery

Brinkmann¹

2021

Proceedings of the Annual Hawaii International Conference on System Sciences

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Power relations within the area of blockchain governance are complex by definition and a comprehensive analysis that links technological and institutional elements is missing to date. The research that is presented with this article focuses on the visualization of the shifting power relations with the introduction of blockchain. For this purpose, the analysis leverages an adjusted version of the multistakeholder influence mapping tool. The analysis considers the various stakeholders within the multilayered blockchain technology stack and compares three fundamental blockchain scenarios, including public and private blockchain settings. The findings show that public administrations face indeed less power with the introduction of blockchain, while new stakeholders come into play who wield influence rather uncontrolled. Nonetheless, public administrations are not powerless overall and remain influential stakeholders. This paper concludes that blockchain governance is not as democratic as blockchain enthusiasts tend to argue and derives corresponding opportunities for further research.

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“…In addition, the adoption of DLT raises more practical challenges around its compatibility with existing legal frameworks and regulations, such as the European General Data Protection Regulation and its' right to be forgotten', that seems to be incompatible with immutable decentralised storage. [48] Our outlined architecture aims to overcome this conflict by introducing a hybrid approach, where personal donor data is only stored on the NGO's existing database infrastructure. Our approach thereby leverages the extensive expertise and understanding NGOs have built up to manage sensitive personal data of donors and beneficiaries in the past.…”

Section: Responsible Data and Dltsmentioning

confidence: 99%

Smart Donations: Event-Driven Conditional Donations Using Smart Contracts On The Blockchain

Trotter

Harding

Shaw

et al. 2020

32nd Australian Conference on Human-Computer Interaction

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Recent work has questioned the largely unconditional nature of charitable donations and explored the value of conditional giving with contemporary donors. In this paper, we extend this work by exploring how to operationalise features of conditionality in charitable giving, situated in the context of large international non-governmental organisations (NGOs). Building on prior engagements with international aid organisations, we present design considerations and a conceptual architecture supporting real-time, conditional giving for individual and institutional donations. Our architecture leverages properties of distributed-ledger technologies (DLT) to empower donors to (i) attach conditions to their donation, (ii) store funds in a secure, decentralised escrow and (iii) automatically release funds once conditions are met. Unlike prior work that envisions radical disintermediation and the removal of intermediate NGOs using DLT, our work recognises the expertise of NGOs in tackling complex global problems and instead investigates compelling new way for charities to increase transparency and accountability by introducing dynamic pledge controls. CCS Concepts: • Social and professional topics → Socio-technical systems; • Human-centered computing → Mobile computing; • Information systems → Collaborative and social computing systems and tools.

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Blockchain Regulation and Governance in Europe

Cited by 101 publications

References 109 publications

A European Emissions Trading System Powered by Distributed Ledger Technology: An Evaluation Framework

A European Emissions Trading System Powered by Distributed Ledger Technology: An Evaluation Framework

Relevance of Public Administrations: Visualization of Shifting Power Relations in Blockchain-Based Public Service Delivery

Smart Donations: Event-Driven Conditional Donations Using Smart Contracts On The Blockchain

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