Governance in Blockchain Technologies &amp; Social Contract Theories

Reijers, Wessel; O’Brolcháin, Fiachra; Haynes, Paul

doi:10.5195/ledger.2016.62

Cited by 142 publications

(78 citation statements)

References 13 publications

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“…This is particularly a concern with crypto-fuel tokens, because their wide range of potential applications suggests that their primary use could vary substantially (as has been discussed for Ethereum). Cryptocurrencies also offer new sociological models, such as relating to political governance, 82 and so participants may be more interested in joining a system to support a given philosophy, rather than based on speculation or the underlying fundamentals, in which case different issues may be relevant.…”

mentioning

confidence: 99%

Developing a Cryptocurrency Assessment Framework: Function over Form

Burnie

Henderson

2018

ledger

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Abstract. The rise of cryptocurrency as a new sui generis asset class creates a need for a new classification scheme to cover the wide range of functionality for which tokens can be used. By differentiating tokens based on their functional attributes, cryptocurrency tokens can be categorised into crypto-transaction tokens (which act as a cash substitute); cryptofuel tokens (which underpin generic blockchain applications); and crypto-voucher tokens (which can be exchanged for a predefined asset). This classification is applied to identify important issues when considering whether to participate in a cryptocurrency system, such as the impact of potential forks, token supply expectations and the level of dependence on a few operators (entity-dependence). For crypto-transaction tokens (and crypto-fuel tokens if used in a similar or overlapping role) it shows the importance of the token being seen as a "better" form of money. For crypto-fuel tokens, the popularity of blockchain applications and the utility of the crypto-fuel system in application development is vital. For cryptovoucher tokens, the value of the underlying asset, the token's exchangeability for that asset and the importance of a digital representation should be considered by participants. The interplay between fundamentals and speculation as drivers of price is considered.

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mentioning

confidence: 99%

Developing a Cryptocurrency Assessment Framework: Function over Form

Burnie

Henderson

2018

ledger

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“…This directly relates to the issue of privacy [83]. Since the invention of blockchain in 2008 many approaches and potential solutions have been thought of to solve the issue of privacy, the next section will explore which ones.…”

Section: Public Private Permissioned and Permission Lessmentioning

confidence: 99%

Blockchain and Privacy Protection in the Case of the European General Data Protection Regulation (GDPR): A Delphi Study

Schwerin¹

2018

The JBBA

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The present work deals with the interrelationships of blockchain technology and the new European General Data Protection Regulation, that will be intact after May 28th, 2018. The regulation harmonizes personal data protection across the European Union and aims to return the ownership of personal data to the individual. This thesis, therefore, addresses the question how this new technology that is characterized by decentralization, immutability and truly digitized values will be affected by the strict privacy regulation and vice versa. The aim of this work is to clarify whether blockchains can comply with the new regulation on the one hand and to identify how blockchain could support its compliance, on the other hand. The questions are validated through an extensive literature review and are further investigated by using a Delphi study that asks a panel of 25 renowned experts to find opportunities, limitations and general suggestions about both topics. In addition, a framework is proposed to support the assessment of privacy and related risks of blockchains.

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“…Distributed ledger technologies aim to enhance trust among nodes in an open (public) or closed (private) network through the distribution of ledgers onto which information about transactions between the nodes is recorded. There are many facets of how the basic technology is currently developed, primarily in the exploratory phase, which could change the way organizations and individuals engage in an increasingly digitalized world [16]. The question is whether and how governments should intervene in the choice, design, or use of blockchain technologies and other distributed ledgers.…”

Section: Emerging Fields Of Digitalization and Sustainability Challengesmentioning

confidence: 99%

Governance Strategies for a Sustainable Digital World

et al. 2018

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Digitalization is changing society by the increased connectivity and networking that digital technologies enable, such as enhancing communication, services, and trade. Increasingly, policymakers within various national governments and international organizations such as the United Nations (UN) and Organization for Economic Co-operation and Development (OECD) are examining the original sustainability policy concepts applied within the Brundtland Report of 1987 through the lens of digitalization. While the growth of a digital economy may increase productivity and benefit local and global economies, digitalization also raises potential sustainability challenges pertaining to social (i.e., the benefits or costs imposed by disruptive digital technologies upon social networks and ways of life, including threats to economic sustainability and the rise of economic disparity) and environmental wellbeing (i.e., natural resource stewardship and concern for future generations) driven by the automation of information processing and delivery of services. Various perspectives have been raised regarding how the process of digitalization might be governed, and national governments remain at odds regarding a single best strategy to promote sustainable digitalization using the Brundtland concept to meet the development needs of the present without compromising the needs of future generations (i.e., social and environmental well-being). This paper reviews three governance strategies that countries can use in conjunction with adaptive governance to respond to digitalization sustainability threats: (i) a laissez-faire, industry-driven approach; (ii) a precautionary and preemptive strategy on the part of government; and (iii) a stewardship and "active surveillance" approach by government agencies that reduce the risks derived from digitalization while promoting private sector innovation. Regardless of a state's digital governance response and how it is shaped by political and institutional realities, adaptive governance approaches are likely necessary to address the economic and social sustainability challenges posed within differing manifestations of digitalization.

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Governance in Blockchain Technologies & Social Contract Theories

Cited by 142 publications

References 13 publications

Developing a Cryptocurrency Assessment Framework: Function over Form

Developing a Cryptocurrency Assessment Framework: Function over Form

Blockchain and Privacy Protection in the Case of the European General Data Protection Regulation (GDPR): A Delphi Study

Governance Strategies for a Sustainable Digital World

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