The Blockchain and the New Architecture of Trust

The Blockchain and the New Architecture of Trust PDF Author: Kevin Werbach
Publisher: MIT Press
ISBN: 0262547163
Category : Computers
Languages : en
Pages : 339

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Book Description
How the blockchain—a system built on foundations of mutual mistrust—can become trustworthy. The blockchain entered the world on January 3, 2009, introducing an innovative new trust architecture: an environment in which users trust a system—for example, a shared ledger of information—without necessarily trusting any of its components. The cryptocurrency Bitcoin is the most famous implementation of the blockchain, but hundreds of other companies have been founded and billions of dollars invested in similar applications since Bitcoin's launch. Some see the blockchain as offering more opportunities for criminal behavior than benefits to society. In this book, Kevin Werbach shows how a technology resting on foundations of mutual mistrust can become trustworthy. The blockchain, built on open software and decentralized foundations that allow anyone to participate, seems like a threat to any form of regulation. In fact, Werbach argues, law and the blockchain need each other. Blockchain systems that ignore law and governance are likely to fail, or to become outlaw technologies irrelevant to the mainstream economy. That, Werbach cautions, would be a tragic waste of potential. If, however, we recognize the blockchain as a kind of legal technology that shapes behavior in new ways, it can be harnessed to create tremendous business and social value.

The Blockchain and the New Architecture of Trust

The Blockchain and the New Architecture of Trust PDF Author: Kevin Werbach
Publisher: MIT Press
ISBN: 0262038935
Category : Computers
Languages : en
Pages : 339

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Book Description
How the blockchain—a system built on foundations of mutual mistrust—can become trustworthy The blockchain entered the world on January 3, 2009, introducing an innovative new trust architecture: an environment in which users trust a system—for example, a shared ledger of information—without necessarily trusting any of its components. The cryptocurrency Bitcoin is the most famous implementation of the blockchain, but hundreds of other companies have been founded and billions of dollars have been invested in similar applications since Bitcoin’s launch. Some see the blockchain as offering more opportunities for criminal behavior than benefits to society. In this book, Kevin Werbach shows how a technology resting on foundations of mutual mistrust can become trustworthy. The blockchain, built on open software and decentralized foundations that allow anyone to participate, seems like a threat to any form of regulation. In fact, Werbach argues, law and the blockchain need each other. Blockchain systems that ignore law and governance are likely to fail, or to become outlaw technologies irrelevant to the mainstream economy. That, Werbach cautions, would be a tragic waste of potential. If, however, we recognize the blockchain as a kind of legal technology that shapes behavior in new ways, it can be harnessed to create tremendous business and social value.

The Blockchain and the New Architecture of Trust

The Blockchain and the New Architecture of Trust PDF Author: Kevin Werbach
Publisher: MIT Press
ISBN: 0262349787
Category : Computers
Languages : en
Pages : 339

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Book Description
How the blockchain—a system built on foundations of mutual mistrust—can become trustworthy The blockchain entered the world on January 3, 2009, introducing an innovative new trust architecture: an environment in which users trust a system—for example, a shared ledger of information—without necessarily trusting any of its components. The cryptocurrency Bitcoin is the most famous implementation of the blockchain, but hundreds of other companies have been founded and billions of dollars have been invested in similar applications since Bitcoin’s launch. Some see the blockchain as offering more opportunities for criminal behavior than benefits to society. In this book, Kevin Werbach shows how a technology resting on foundations of mutual mistrust can become trustworthy. The blockchain, built on open software and decentralized foundations that allow anyone to participate, seems like a threat to any form of regulation. In fact, Werbach argues, law and the blockchain need each other. Blockchain systems that ignore law and governance are likely to fail, or to become outlaw technologies irrelevant to the mainstream economy. That, Werbach cautions, would be a tragic waste of potential. If, however, we recognize the blockchain as a kind of legal technology that shapes behavior in new ways, it can be harnessed to create tremendous business and social value.

Architecture for Blockchain Applications

Architecture for Blockchain Applications PDF Author: Xiwei Xu
Publisher: Springer
ISBN: 3030030350
Category : Computers
Languages : en
Pages : 307

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Book Description
This book addresses what software architects and developers need to know in order to build applications based on blockchain technology, by offering an architectural view of software systems that make beneficial use of blockchains. It provides guidance on assessing the suitability of blockchain, on the roles blockchain can play in an architecture, on designing blockchain applications, and on assessing different architecture designs and tradeoffs. It also serves as a reference on blockchain design patterns and design analysis, and refers to practical examples of blockchain-based applications. The book is divided into four parts: Part I provides a general introduction to the topic and to existing blockchain platforms including Bitcoin, Ethereum, and Hyperledger Fabric, and offers examples of blockchain-based applications. Part II focuses on the functional aspects of software architecture, describing the main roles blockchain can play in an architecture, as well as its potential suitability and design process. It includes a catalogue of 15 design patterns and details how to use model-driven engineering to build blockchain-based applications. Part III covers the non-functional aspects of blockchain applications, which are cross-cutting concerns including cost, performance, security, and availability. Part IV then presents three detailed real-world use cases, offering additional insights from a practical perspective. An epilogue summarizes the book and speculates on the role blockchain and its applications can play in the future. This book focusses on the bigger picture for blockchain, covering the concepts and technical considerations in the design of blockchain-based applications. The use of mathematical formulas is limited to where they are critical. This book is primarily intended for developers, software architects and chief information officers who need to understand the basic technology, tools and methodologies to build blockchain applications. It also provides students and researchers new to this field an introduction to this hot topic.

The Truth Machine

The Truth Machine PDF Author: Paul Vigna
Publisher: St. Martin's Press
ISBN: 1250114608
Category : Business & Economics
Languages : en
Pages : 352

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Book Description
"Views differ on bitcoin, but few doubt the transformative potential of Blockchain technology. The Truth Machine is the best book so far on what has happened and what may come along. It demands the attention of anyone concerned with our economic future." —Lawrence H. Summers, Charles W. Eliot University Professor and President Emeritus at Harvard, Former Treasury Secretary From Michael J. Casey and Paul Vigna, the authors of The Age of Cryptocurrency, comes the definitive work on the Internet’s Next Big Thing: The Blockchain. Big banks have grown bigger and more entrenched. Privacy exists only until the next hack. Credit card fraud is a fact of life. Many of the “legacy systems” once designed to make our lives easier and our economy more efficient are no longer up to the task. Yet there is a way past all this—a new kind of operating system with the potential to revolutionize vast swaths of our economy: the blockchain. In The Truth Machine, Michael J. Casey and Paul Vigna demystify the blockchain and explain why it can restore personal control over our data, assets, and identities; grant billions of excluded people access to the global economy; and shift the balance of power to revive society’s faith in itself. They reveal the disruption it promises for industries including finance, tech, legal, and shipping. Casey and Vigna expose the challenge of replacing trusted (and not-so-trusted) institutions on which we’ve relied for centuries with a radical model that bypasses them. The Truth Machine reveals the empowerment possible when self-interested middlemen give way to the transparency of the blockchain, while highlighting the job losses, assertion of special interests, and threat to social cohesion that will accompany this shift. With the same balanced perspective they brought to The Age of Cryptocurrency, Casey and Vigna show why we all must care about the path that blockchain technology takes—moving humanity forward, not backward.

Blockchain Regulation and Governance in Europe

Blockchain Regulation and Governance in Europe PDF Author: Michèle Finck
Publisher: Cambridge University Press
ISBN: 1108474756
Category : Business & Economics
Languages : en
Pages : 225

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Book Description
Finck examines the emergence of blockchains (and other forms of distributed ledger technologies) and the implications for regulation and governance.

Handbook of Research on Blockchain Technology

Handbook of Research on Blockchain Technology PDF Author: Saravanan Krishnan
Publisher: Academic Press
ISBN: 012820415X
Category : Science
Languages : en
Pages : 478

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Book Description
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

After the Digital Tornado

After the Digital Tornado PDF Author: Kevin Werbach
Publisher: Cambridge University Press
ISBN: 1108645259
Category : Law
Languages : en
Pages : 251

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Book Description
Networks powered by algorithms are pervasive. Major contemporary technology trends - Internet of Things, Big Data, Digital Platform Power, Blockchain, and the Algorithmic Society - are manifestations of this phenomenon. The internet, which once seemed an unambiguous benefit to society, is now the basis for invasions of privacy, massive concentrations of power, and wide-scale manipulation. The algorithmic networked world poses deep questions about power, freedom, fairness, and human agency. The influential 1997 Federal Communications Commission whitepaper “Digital Tornado” hailed the “endless spiral of connectivity” that would transform society, and today, little remains untouched by digital connectivity. Yet fundamental questions remain unresolved, and even more serious challenges have emerged. This important collection, which offers a reckoning and a foretelling, features leading technology scholars who explain the legal, business, ethical, technical, and public policy challenges of building pervasive networks and algorithms for the benefit of humanity. This title is also available as Open Access on Cambridge Core.

Blockchain for Distributed Systems Security

Blockchain for Distributed Systems Security PDF Author: Sachin Shetty
Publisher: John Wiley & Sons
ISBN: 1119519608
Category : Computers
Languages : en
Pages : 352

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Book Description
AN ESSENTIAL GUIDE TO USING BLOCKCHAIN TO PROVIDE FLEXIBILITY, COST-SAVINGS, AND SECURITY TO DATA MANAGEMENT, DATA ANALYSIS, AND INFORMATION SHARING Blockchain for Distributed Systems Security contains a description of the properties that underpin the formal foundations of Blockchain technologies and explores the practical issues for deployment in cloud and Internet of Things (IoT) platforms. The authors—noted experts in the field—present security and privacy issues that must be addressed for Blockchain technologies to be adopted for civilian and military domains. The book covers a range of topics including data provenance in cloud storage, secure IoT models, auditing architecture, and empirical validation of permissioned Blockchain platforms. The book's security and privacy analysis helps with an understanding of the basics of Blockchain and it explores the quantifying impact of the new attack surfaces introduced by Blockchain technologies and platforms. In addition, the book contains relevant and current updates on the topic. This important resource: Provides an overview of Blockchain-based secure data management and storage for cloud and IoT Covers cutting-edge research findings on topics including invariant-based supply chain protection, information sharing framework, and trust worthy information federation Addresses security and privacy concerns in Blockchain in key areas, such as preventing digital currency miners from launching attacks against mining pools, empirical analysis of the attack surface of Blockchain, and more Written for researchers and experts in computer science and engineering, Blockchain for Distributed Systems Security contains the most recent information and academic research to provide an understanding of the application of Blockchain technology.

Hands-On Smart Contract Development with Hyperledger Fabric V2

Hands-On Smart Contract Development with Hyperledger Fabric V2 PDF Author: Matt Zand
Publisher: "O'Reilly Media, Inc."
ISBN: 1492086096
Category : Business & Economics
Languages : en
Pages : 318

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Book Description
Blockchain technology continues to disrupt a wide variety of organizations, from small businesses to the Fortune 500. Today hundreds of blockchain networks are in production, including many built with Hyperledger Fabric. This practical guide shows developers how the latest version of this blockchain infrastructure provides an ideal foundation for developing enterprise blockchain applications or solutions. Authors Matt Zand, Xun Wu, and Mark Anthony Morris demonstrate how the versatile design of Hyperledger Fabric 2.0 satisfies a broad range of industry use cases. Developers with or without previous Hyperledger experience will discover why no other distributed ledger technology framework enjoys such wide adoption by cloud service providers such as Amazon, Alibaba, IBM, Google, and Oracle. Walk through the architecture and components of Hyperledger Fabric 2.0 Migrate your current Hyperledger Fabric projects to version 2.0 Develop blockchain applications on the Hyperledger platform with Node.js Deploy and integrate Hyperledger on Amazon Managed Blockchain, IBM Cloud, and Oracle Cloud Develop blockchain applications with Hyperledger Aries, Avalon, Besu, and Grid Build end-to-end blockchain supply chain applications with Hyperledger