Kevin Werbach - The Blockchain and the New Architecture of Trust

Information Policy Series

Edited by Sandra Braman

The Information Policy Series publishes research on and analysis of significant problems in the field of information policy, including decisions and practices that enable or constrain information, communication, and culture irrespective of the legal siloes in which they have traditionally been located, as well as state-law-society interactions. Defining information policy as all laws, regulations, and decision-making principles that affect any form of information creation, processing, flows, and use, the series includes attention to the formal decisions, decision-making processes, and entities of government; the formal and informal decisions, decision-making processes, and entities of private- and public-sector agents capable of constitutive effects on the nature of society; and the cultural habits and predispositions of governmentality that support and sustain government and governance. The parametric functions of information policy at the boundaries of social, informational, and technological systems are of global importance because they provide the context for all communications, interactions, and social processes.

Virtual Economies: Design and Analysis, Vili Lehdonvirta and Edward Castronova

Traversing Digital Babel: Information, e-Government, and Exchange, Alon Peled

Chasing the Tape: Information Law and Policy in Capital Markets, Onnig H. Dombalagian

Regulating the Cloud: Policy for Computing Infrastructure, edited by Christopher S. Yoo and Jean-Franois Blanchette

Privacy on the Ground: Driving Corporate Behavior in the United States and Europe, Kenneth A. Bamberger and Deirdre K. Mulligan

How Not to Network a Nation: The Uneasy History of the Soviet Internet, Benjamin Peters

Hate Spin: The Manufacture of Religious Offense and Its Threat to Democracy, Cherian George

Big Data Is Not a Monolith, edited by Cassidy R. Sugimoto, Hamid R. Ekbia, and Michael Mattioli

Decoding the Social World: Data Science and the Unintended Consequences of Communication, Sandra Gonzlez-Bailn

Open Space: The Global Effort for Open Access to Environmental Satellite Data, Mariel John Borowitz

The Blockchain and the New Architecture of Trust

The MIT Press

Cambridge, Massachusetts

London, England

2018 Massachusetts Institute of Technology

All rights reserved. No part of this book may be reproduced in any form by any electronic or mechanical means (including photocopying, recording, or information storage and retrieval) without permission in writing from the publisher.

This book was set in Stone Serif by Westchester Publishing Services. Printed and bound in the United States of America.

Library of Congress Cataloging-in-Publication Data

Names: Werbach, Kevin, author.

Title: The blockchain and the new architecture of trust / Kevin Werbach.

Description: Cambridge, MA : MIT Press, [2018] | Series: Information policy series | Includes bibliographical references and index.

Identifiers: LCCN 2018011211 | ISBN 9780262038935 (hardcover : alk. paper)

Subjects: LCSH: Electronic funds transfers. | Blockchains (Databases) | Bitcoin. | Trust. | Finance--Technological innovations.

Classification: LCC HG1710 .W47 2018 | DDC 332.1/78--dc23
LC record available at https:// lccn .loc .gov /2018011211