The Governance of Blockchain Financial Networks.

Since the emergence of the virtual currency Bitcoin in 2009, a new, Internet-based way of recording entitlements and enforcing rights has increasingly captured the interest of businesses and governments. The technology is commonly called 'blockchain' and is often associated with a closely related ph...

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Publicado en:Modern Law Review Vol. 80; no. 6; pp. 1073 - 1111
Autor principal: Paech, Philipp
Formato: Artículo
Publicado: Wiley-Blackwell Nov2017
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: The Governance of Blockchain Financial Networks.
      aug:
        au: Paech, Philipp
      su:
        Blockchains
        Bitcoin
        Financial institutions
        Central banking industry
        Financial markets
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        subj:
          Blockchains
          Bitcoin
          Financial institutions
          Central banking industry
          Financial markets
      ab: Since the emergence of the virtual currency Bitcoin in 2009, a new, Internet-based way of recording entitlements and enforcing rights has increasingly captured the interest of businesses and governments. The technology is commonly called 'blockchain' and is often associated with a closely related phenomenon, the 'smart contract'. The market is now exploring ways of using these concepts for financial assets, such as securities, fiat money and derivative contracts. This article develops a conceptual framework for the governance of blockchain-based networks in financial markets. It constructs a vision of how financial regulation and private law should set the boundaries of this new technology in order to protect market participants and societies at large, while at the same time allowing the necessary room for innovation.
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    language: English
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