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Blockchain and the Law

The Rule of Code
3.92 goodreads logo

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( 209 ratings, 24 reviews)
Book Hero Magic crafted this summary to help describe this book. While it's new and still learning, it may not be perfect - your feedback is welcome! Summary
Blockchain and the Law explores the revolutionary technology behind Bitcoin and beyond: blockchain. This digital ledger enables secure, decentralised peer-to-peer applications and promises to reshape society by facilitating smart contracts, streamlining payments, organising data exchange, and even influencing governance through democratic decision making. Authors Primavera De Filippi and Aaron Wright highlight both the technology's transformative potential and the challenges it poses to existing legal frameworks, emphasising the urgent need for updated laws to govern this disruptive innovation.
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

Ideal for law students, legal professionals, and anyone seeking a comprehensive understanding of blockchain technology's societal and legal implications. Suitable for readers with an interest in technology, governance, and the future of digital innovation.

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Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! Description

Since Bitcoin appeared in 2009, the digital currency has been hailed as an Internet marvel and decried as the preferred transaction vehicle for all manner of criminals. It has left nearly everyone without a computer science degree confused: Just how do you "mine" money from ones and zeros?

The answer lies in a technology called blockchain, which can be used for much more than Bitcoin. A general-purpose tool for creating secure, decentralised, peer-to-peer applications, blockchain technology has been compared to the Internet itself in both form and impact. Some have said this tool may change society as we know it. Blockchains are being used to create autonomous computer programs known as "smart contracts," to expedite payments, to create financial instruments, to organise the exchange of data and information, and to facilitate interactions between humans and machines. The technology could affect governance itself, by supporting new organisational structures that promote more democratic and participatory decision making.

Primavera De Filippi and Aaron Wright acknowledge this potential and urge the law to catch up. That is because disintermediationβ€”a blockchain's greatest assetβ€”subverts critical regulation. By cutting out middlemen, such as large online operators and multinational corporations, blockchains run the risk of undermining the capacity of governmental authorities to supervise activities in banking, commerce, law, and other vital areas. De Filippi and Wright welcome the new possibilities inherent in blockchains. But as Blockchain and the Law makes clear, the technology cannot be harnessed productively without new rules and new approaches to legal thinking.

Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?

Acclaimed for combining technical insight with legal analysis, the book has been praised as a deeply-researched, clearly-written resource that elucidates blockchain's impact without succumbing to hype. Jeff John Roberts of Fortune calls it an important and moral guide for understanding blockchain's role in upending the legal and social order. Lawrence Lessig of Harvard Law School commends it as a perfect link between technical and legal implications, while Tyler Cowen highlights its usefulness for educated readers seeking a balanced perspective on cryptocurrency.

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Book Details

INFORMATION

ISBN: 9780674241596

Publisher: Harvard University Press

Format: Paperback / softback

Date Published: 03 September 2019

Country: United States

Imprint: Harvard University Press

Illustration: 5 illus.

Audience: Professional and scholarly

DIMENSIONS

Width: 140.0mm

Height: 210.0mm

Weight: 250g

Pages: 312

About the Author

Primavera De Filippi is a permanent researcher at the CERSA/CNRS/UniversitΓ© Paris II and a faculty associate at the Berkman-Klein Center for Internet & Society at Harvard Law School. Aaron Wright is Associate Clinical Professor of Law and Director of the Blockchain Project at Benjamin N. Cardozo School of Law at Yeshiva University.

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