Cloud Crypto Land.
The supposed disruptive and transformational potential of blockchain technology has received widespread attention in the media, from legislators, and from academics across disciplines. While much of this attention has revolved around cryptocurrencies such as Bitcoin, many see the true promise of blo...
| Publicado en: | Modern Law Review Vol. 84; no. 5; pp. 974 - 1005 |
|---|---|
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
Sep2021
|
| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=151881873&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 151881873 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00267961 D8H jtl: Modern Law Review issn: 00267961 maglogo: Y pubinfo: dt: Sep2021 vid: 84 iid: 5 pid: 480 pub: Wiley-Blackwell artinfo: ui: 151881873 10.1111/1468-2230.12603 ppf: 974 ppct: 31 formats: fmt: – @attributes: type: T – @attributes: type: P size: 319KB tig: atl: Cloud Crypto Land. aug: su: Cloud computing Distributed computing Blockchains Bitcoin Forensic orations sug: subj: Cloud computing Distributed computing Blockchains Bitcoin Forensic orations ab: The supposed disruptive and transformational potential of blockchain technology has received widespread attention in the media, from legislators, and from academics across disciplines. While much of this attention has revolved around cryptocurrencies such as Bitcoin, many see the true promise of blockchain technology in its potential use for transactions in traditional assets, as well as for facilitating self‐executing 'smart contracts', which replace vague and imprecise natural language with unambiguous computer code. This article presents a simple legal argument against the feasibility of a meaningful blockchain‐based economic system. Blockchain‐based systems are shown to be unsuitable for transactions in traditional assets, unless design choices are made which render the use of the technology pointless. The same argument is shown to apply to smart contracts. Legal and practical obstacles therefore mean that, outside its original realm of cryptocurrencies, blockchain technology is highly unlikely to transform economic interactions in the real world. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y custom: Copyright of Modern Law Review is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. item: Modern Law Review holder: Wiley-Blackwell dt: @attributes: year: 2021 holdings: @attributes: islocal: N |
|---|