Download or read book Blockchain as Commons written by Sangita Gazi and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Given the potential benefits of blockchain, it is imperative to incorporate a stable decentralized governance structure capable of promoting network value and reliability through a set of community-agreed rules and behaviors. Political scientist Elinor Ostrom's polycentric approach to governance of the commons ensures that the community is at the center of the decision-making process that drives an ecosystem's network effects and its micro- and macro-economic goals. In our design, we envision community members with an equal right to participate in governance tiers, where each participant has the freedom to choose the level of commitment and reward voluntarily. To implement this framework, we contemplate that governors are organized in different layers. We view Ostrom's eighth principle of “nested enterprise” as the foundation for such a framework. In the context of a blockchain network, “nested enterprise” refers to building responsibilities among governors in nested tiers (“governance tiers”) from the lowest level up to the entire interconnected systems. In this way, governors are organized in a bottom-up ecosystem and connected by their responsibilities and a common goal of governing the commons. It potentially creates a coherent system where governors' stakes are proportional to their rewards/ incentives - meaning higher stakes are equal to higher incentives. If implemented, the framework will serve as a key catalyst in developing a long-term value-driven relationship between a blockchain-based network and its governing participants. The application of Ostrom's design principles in a blockchain governance framework has the potential to increase governors' responsibilities while ensuring long-term, sustainable and transparent management of a blockchain network's common resources.
Download or read book When Ostrom Meets Blockchain written by David Rozas and published by . This book was released on 2018 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Blockchain technologies have generated excitement, yet their potential to enable new forms of governance remains largely unexplored. Two confronting standpoints dominate the emergent debate around blockchain-based governance: discourses characterised by the presence of techno-determinist and market-driven values, which tend to ignore the complexity of social organisation; and critical accounts of such discourses which, whilst contributing to identifying limitations, consider the role of traditional centralised institutions as inherently necessary to enable democratic forms of governance. Therefore the question arises, can we build perspectives of blockchain-based governance that go beyond markets and states? In this article we draw on the Nobel laureate economist Elinor Ostrom's principles for self-governance of communities to explore the transformative potential of blockchain. We approach blockchain through the identification and conceptualisation of affordances that this technology may provide to communities. For each affordance, we carry out a detailed analysis situating each in the context of Ostrom's principles, considering both the potentials of algorithmic governance and the importance of incorporating communities' social practices. The relationships found between these affordances and Ostrom's principles allow us to provide a perspective focussed on blockchain-based commons governance. By carrying out this analysis, we aim to expand the debate from one dominated by a culture of competition to one that promotes a culture of cooperation.
Download or read book Blockchain and the Commons written by Vangelis Papadimitropoulos and published by Taylor & Francis. This book was released on 2022-11-24 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent years have seen a surge of interest in ‘the commons’ based on a simple yet radical idea: great improvements in production and management could be achieved by reducing barriers to knowledge exchange and power-sharing. Ranging from meadows, forests and parks to language, open-source software (FLOSS and Blockchain) and 3D printers, the commons are distributed or common property resources/infrastructures that are self-managed by their user communities. While acknowledging the significant contributions that can be made through commons-based peer production, this book provides a critical examination of the commons with the aim of contributing to their long-term sustainability. In particular, the book examines the relation of Blockchain to the commons by illustrating the case study of the Commons Stack. Drawing on a range of interdisciplinary ideas and methodologies, the book argues that there are a number of economic and social barriers that are obstructing the wider reproduction of the commons. Problems with access to capital and training, the lack of entrepreneurial and managerial skills and the absence of institutional support from governments, larger co-ops and NGOs are some of the external difficulties facing the commons today. Meanwhile, localism, gated communities, vested interests, atavism, traditionalism, ideology, conflict, neo-conservatism and techno-elitism represent some of the internal contradictions inherent in the commons. Through overcoming these contradictions, the ultimate goal is to transform capitalism into the postcapitalism of the commons: the creation of a social economy self-organised around the commons. This book provides vital reading for anyone interested in the commons, from economics, techno-politics and across the social sciences.
Download or read book Blockchain Governance written by Primavera De Filippi and published by MIT Press. This book was released on 2024-08-20 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: An engaging and comprehensive exploration of how fundamental ideas in political and legal thought shape the governance of blockchain communities, and are, in turn, shaped by blockchain technology. How can digital cash truly be “trustless”? What does it mean that blockchain offers a new paradigm of the “rule of code”? How are decisions made when a blockchain system faces an emergency, and who gets to make those decisions? In Blockchain Governance, Primavera De Filippi, Wessel Reijers, and Morshed Mannan offer answers to these questions and more, in an accessible, critical overview of legal and political issues related to blockchain technology, now the foundation of a multi-billion-dollar industry. Moving beyond the hype, they show how blockchain offers fertile ground for experimentation with radically new ways to govern people and institutions. Blockchain-based systems, like Bitcoin, Ethereum, Tezos, and countless others, offer new ways of organizing digital cash, “smart” contracts to execute transactions, non-fungible tokens (NFTs) to collect art, and decentralized autonomous organizations (DAOs) to coordinate humans and machines. What these applications have in common is that they govern the behavior of people and artificial agents through distributed systems. Drawing from their extensive experience in researching blockchain technologies and communities, the authors discuss the origins of Bitcoin in cypher-anarchism and extropianism, spectacular events like the million-dollar theft of the DAO Attack, and the hostile takeover of the Steem platform. While engaging with political and legal thinkers such as Hobbes, Kelsen, and the Ostroms, these narratives explore how blockchain governance problematizes fundamental concepts such as rule of law, sovereignty, legality, legitimacy, and polycentric governance.
Download or read book SmartCustody written by Christopher Allen and published by Lulu.com. This book was released on 2019-09-16 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Blockchain Democracy written by William Magnuson and published by Cambridge University Press. This book was released on 2020-02-27 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring blockchain and bitcoin, Magnuson shows how the technology rife with crime and speculation also offers innovation and hope.
Download or read book Handbook of Research on Blockchain Technology written by Saravanan Krishnan and published by Academic Press. This book was released on 2020-02-04 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of Research on Blockchain Technology presents the latest information on the adaptation and implementation of Blockchain technologies in real world business, scientific, healthcare and biomedical applications. The book's editors present the rapid advancements in existing business models by applying Blockchain techniques. Novel architectural solutions in the deployment of Blockchain comprise the core aspects of this book. Several use cases with IoT, biomedical engineering, and smart cities are also incorporated. As Blockchain is a relatively new technology that exploits decentralized networks and is used in many sectors for reliable, cost-effective and rapid business transactions, this book is a welcomed addition on existing knowledge. Financial services, retail, insurance, logistics, supply chain, public sectors and biomedical industries are now investing in Blockchain research and technologies for their business growth. Blockchain prevents double spending in financial transactions without the need of a trusted authority or central server. It is a decentralized ledger platform that facilitates verifiable transactions between parties in a secure and smart way. - Presents the evolution of blockchain, from fundamental theories, to present forms - Explains the concepts of blockchain related to cloud/edge computing, smart healthcare, smart cities and Internet of Things (IoT) - Provides complete coverage of the various tools, platforms and techniques used in blockchain - Explores smart contract tools and consensus algorithms - Covers a variety of applications with real world case studies in areas such as biomedical engineering, supply chain management, and tracking of goods and delivery
Download or read book Maximal Extractable Value and the Blockchain Commons written by Philémon Poux and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper shows how some MEV practices, resulting in unfair appropriation of the value created by all users, by a small set of blockchains actors is similar to free-riding. In particular we demonstrate that this new form of free-riding is made possible precisely by the design of blockchains that aims at preventing classical forms of free-riding. This also entails that non-cooperative game theory is not adequate to solve the issues raised by such MEV practices. We thus turn to cooperative games, in particular in the case of Commons goods. After recalling that blockchains are a specific type of Commons goods we dwell on Ostrom's theory of the governance of the Commons, in particular on her design principles to analyze MEV practices and their impact on users confidence in the network. We then go on proposing new avenues for possible solutions, based on collective participation and we note that a trust-based solution may be efficient to sustain confidence.
Download or read book Ostrom Amongst the Machines written by Herminio Bodon and published by . This book was released on 2019 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: Blockchains are distributed ledger technologies that allow the recording of any data structure, including money, property titles, and contracts. In this paper, we suggest that Hayekian political economy is especially well suited to explain how blockchain emerged, but that Elinor Ostrom's approach to commons governance is particularly useful to understand why blockchain anarchy is successful. Our central conclusions are that the blockchain can be thought of as a spontaneous order, as Hayek anticipated, as well as a knowledge commons, as Ostrom's studies of self-governance anticipated.
Download or read book Blockchain and Crypto Currency written by Makoto Yano and published by Springer Nature. This book was released on 2020-04-15 with total page 151 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book contributes to the creation of a cyber ecosystem supported by blockchain technology in which technology and people can coexist in harmony. Blockchains have shown that trusted records, or ledgers, of permanent data can be stored on the Internet in a decentralized manner. The decentralization of the recording process is expected to significantly economize the cost of transactions. Creating a ledger on data, a blockchain makes it possible to designate the owner of each piece of data, to trade data pieces, and to market them. This book examines the formation of markets for various types of data from the theory of market quality proposed and developed by M. Yano. Blockchains are expected to give data itself the status of a new production factor. Bringing ownership of data to the hands of data producers, blockchains can reduce the possibility of information leakage, enhance the sharing and use of IoT data, and prevent data monopoly and misuse. The industry will have a bright future as soon as better technology is developed and when a healthy infrastructure is created to support the blockchain market.
Download or read book Blockchain Chicken Farm written by Xiaowei Wang and published by FSG Originals. This book was released on 2020-10-13 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: A New York Times Book Review Editors' Choice "A brilliant and empathetic guide to the far corners of global capitalism." --Jenny Odell, author of How to Do Nothing From FSGO x Logic: stories about rural China, food, and tech that reveal new truths about the globalized world In Blockchain Chicken Farm, the technologist and writer Xiaowei Wang explores the political and social entanglements of technology in rural China. Their discoveries force them to challenge the standard idea that rural culture and people are backward, conservative, and intolerant. Instead, they find that rural China has not only adapted to rapid globalization but has actually innovated the technology we all use today. From pork farmers using AI to produce the perfect pig, to disruptive luxury counterfeits and the political intersections of e-commerce villages, Wang unravels the ties between globalization, technology, agriculture, and commerce in unprecedented fashion. Accompanied by humorous “Sinofuturist” recipes that frame meals as they transform under new technology, Blockchain Chicken Farm is an original and probing look into innovation, connectivity, and collaboration in the digitized rural world. FSG Originals × Logic dissects the way technology functions in everyday lives. The titans of Silicon Valley, for all their utopian imaginings, never really had our best interests at heart: recent threats to democracy, truth, privacy, and safety, as a result of tech’s reckless pursuit of progress, have shown as much. We present an alternate story, one that delights in capturing technology in all its contradictions and innovation, across borders and socioeconomic divisions, from history through the future, beyond platitudes and PR hype, and past doom and gloom. Our collaboration features four brief but provocative forays into the tech industry’s many worlds, and aspires to incite fresh conversations about technology focused on nuanced and accessible explorations of the emerging tools that reorganize and redefine life today.
Download or read book A Value Driven Blockchain Network written by Sangita Gazi and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current structure of blockchain governance, which is predominantly reward-based, faces a myriad of challenges regarding decision-making, centralized control, lack of incentives, and an overall absence of a value-driven network. To propose a solution, the study aims to (1) explore the advantage of treating blockchain protocols as digital commons instead of public infrastructure and (2) introduce a value-driven blockchain governance model. Termed collaborative community governance, our proposed governance structure incorporates the principles of good governance while incentivizing a governor to be a “good governor”. We utilize Ostrom's design principles (Nobel Memorial Prize in Economic Sciences, 2009) in a blockchain network to design such a governance model. We demonstrate that Ostrom's principles can potentially introduce a stable decentralized governance mechanism that ensures fair, equitable, and voluntary participation of a governor regardless of the reward while enhancing the value of the network and the reliability of its tokenomics. We consider Ostrom's eighth principle - “building a nested enterprise” - as the foundation for a bottom-up interconnected decentralized blockchain ecosystem that ensures the Commons governance is driven by multi-faceted community interests. Capitalizing on Ostrom's design principle, we show that a governance protocol premised upon a set of rules (participation, enforcement, and dispute resolution) can significantly enhance the value of a blockchain network and incentivize a governor to be a good governor. We believe this will constitute one of the first practical applications of Ostrom's design principles in blockchain's governance protocol.
Download or read book Blockchain written by Sandra Hirsh and published by . This book was released on 2019-11 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book in the Library Futures Series examines blockchain technology, a concept with far-reaching implications for the future of record keeping"--
Download or read book Cross Industry Use of Blockchain Technology and Opportunities for the Future written by Williams, Idongesit and published by IGI Global. This book was released on 2020-05-22 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: Blockchain is a technology that transcends cryptocurrencies. There are other services in different sectors of the economy that can benefit from the trust and security that blockchains offer. For example, financial institutions are using blockchains for international money transfer, and in logistics, it has been used for supply chain management and tracking of goods. As more global companies and governments are experimenting and deploying blockchain solutions, it is necessary to compile knowledge on the best practices, strategies, and failures in order to create a better awareness of how blockchain could either support or add value to other services. Cross-Industry Use of Blockchain Technology and Opportunities for the Future provides emerging research highlighting the possibilities inherent in blockchain for different sectors of the economy and the added value blockchain can provide for the future of these different sectors. Featuring coverage on a broad range of topics such as data privacy, information sharing, and digital identity, this book is ideally designed for IT specialists, consultants, design engineers, cryptographers, service designers, researchers, academics, government officials, and industry professionals.
Download or read book Blockchain and Web 3 0 written by Massimo Ragnedda and published by Routledge. This book was released on 2019-07-09 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: Blockchain is no longer just about bitcoin or cryptocurrencies in general. Instead, it can be seen as a disruptive, revolutionary technology which will have major impacts on multiple aspects of our lives. The revolutionary power of such technology compares with the revolution sparked by the World Wide Web and the Internet in general. Just as the Internet is a means of sharing information, so blockchain technologies can be seen as a way to introduce the next level: sharing value. Blockchain and Web 3.0 fills the gap in our understanding of blockchain technologies by hosting a discussion of the new technologies in a variety of disciplinary settings. Indeed, this volume explains how such technologies are disruptive and comparatively examines the social, economic, technological and legal consequences of these disruptions. Such a comparative perspective has previously been underemphasized in the debate about blockchain, which has subsequently led to weaknesses in our understanding of decentralized technologies. Underlining the risks and opportunities offered by the advent of blockchain technologies and the rise of Web 3.0, this book will appeal to researchers and academics interested in fields such as sociology and social policy, cyberculture, new media and privacy and data protection.
Download or read book Blockchain Technology written by Canada. Parliament. House of Commons. Standing Committee on Industry and Technology and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Blockchain written by Melanie Swan and published by "O'Reilly Media, Inc.". This book was released on 2015-01-24 with total page 151 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bitcoin is starting to come into its own as a digital currency, but the blockchain technology behind it could prove to be much more significant. This book takes you beyond the currency ("Blockchain 1.0") and smart contracts ("Blockchain 2.0") to demonstrate how the blockchain is in position to become the fifth disruptive computing paradigm after mainframes, PCs, the Internet, and mobile/social networking. Author Melanie Swan, Founder of the Institute for Blockchain Studies, explains that the blockchain is essentially a public ledger with potential as a worldwide, decentralized record for the registration, inventory, and transfer of all assets—not just finances, but property and intangible assets such as votes, software, health data, and ideas. Topics include: Concepts, features, and functionality of Bitcoin and the blockchain Using the blockchain for automated tracking of all digital endeavors Enabling censorship?resistant organizational models Creating a decentralized digital repository to verify identity Possibility of cheaper, more efficient services traditionally provided by nations Blockchain for science: making better use of the data-mining network Personal health record storage, including access to one’s own genomic data Open access academic publishing on the blockchain This book is part of an ongoing O’Reilly series. Mastering Bitcoin: Unlocking Digital Crypto-Currencies introduces Bitcoin and describes the technology behind Bitcoin and the blockchain. Blockchain: Blueprint for a New Economy considers theoretical, philosophical, and societal impact of cryptocurrencies and blockchain technologies.
