ITA [Hrsg.], (2017) Decentralising transactions with the Blockchain. ITA dossier no. 30en (November 2017; Authors: Tanja Sinozic, Niklas Gudowsky).
-> Blockchain is a decentrally organised database that archives and manages an evergrowing list of transactions. -> All information on transactions is permanently stored in a database that parallely exists at all nodes of a peer-to-peer network. -> Blockchain provides autonomy for individuals away from ‘middlemen’ such as public authorities and banks. -> However, this decentralisation rapidly reduces current forms of regulatory control. -> Possible negative social and economic consequences become less predictable and manageable.
Publication type:
policy brief
Publication date:
2017-11-20
Publication URL:
http://epub.oeaw.ac.at/ita/ita-dossiers/ita-dossier030en.pdf
Institute:
Institute of Technology Assessment (OeAW ITA)
Country:
AT

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