Blockchain technology. Korea pilots blockchain technology as it prepares for the future | Customs Clearance


Leisti pavyzdį 24,99 USD 14,95 USD garsinė knyga Since Bitcoin appeared inthe digital currency has been hailed as an Internet marvel and decried as the preferred transaction vehicle for all manner of criminals.

blockchain technology

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.

blockchain technology

A general-purpose tool for creating secure, decentralized, 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.

blockchain technology

Blockchains are being used to create autonomous computer programs known as "smart contracts," to expedite payments, to create blockchain technology instruments, to organize the exchange of data and information, and to blockchain technology interactions between humans and machines.

The technology could affect governance itself, by supporting new organizational 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.

blockchain technology

That is because disintermediation-a blockchain's greatest asset-subverts critical regulation. By cutting out middlemen, such as large blockchain technology 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.

blockchain technology

But as Blockchain and the Law makes clear, the technology cannot be harnessed productively without new rules and new approaches to legal thinking. Skaityti daugiau.