Decentralising transactions with the Blockchain
ITA (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. 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 language:
English
Publication date:
2017-11
Publication URL:
http://epub.oeaw.ac.at/ita/ita-dossiers/ita-dossier030en.pdf
Institute:
Institute of Technology Assessment (ITA)
Country:
Austria
Project:
Technology Assessment in general (ITA)

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