Download Ebook The Blockchain and the New Architecture of Trust (Information Policy), by Kevin Werbach
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The Blockchain and the New Architecture of Trust (Information Policy), by Kevin Werbach
Download Ebook The Blockchain and the New Architecture of Trust (Information Policy), by Kevin Werbach
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Review
However, Werbach argues, the most significant innovation of blockchain is not governmental or even technological but emotional: the creation of 'a new form of trust,' in which you put your confidence in a store of information without relying on any single person to authenticate it ― trust the system, not its parts. The outstanding question is whether this method of cultivating trust is viable, and if it is, in what ways we can best deploy it. The answers we come up with are likely to determine blockchain's future.―New York Times Book Review
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Kevin Werbach writes with great clarity and insight about the powerful blend of social, technical and legal components that provide the architecture of trust underlying blockchain. Combined in the right way these components provide a wide set of capabilities in a surprisingly wide set of circumstances. This elegant analysis is sure to become a classic and will change how individuals, guilds, organizations and governments invent new kinds of institutions and institutional architectures for our fast moving, radically contingent networked world. I highly recommend this paradigm shifting book.―John Seely Brown, Co- author The Social Life of Information (HBS Press, 2000 & 2017) and Design Unbound – designing for emergence in a white water world (MIT Press, 2018), Former Chief Scientist, Xerox Corp. and Former Director of its Palo Alto Research Center (PARC)Forget the hype – read this book! With his eloquence and insightfulness, Kevin Werbach made me realize why blockchain truly matters, and the ways it will alter how we transact in business and as consumers. A truly indispensable guide!―Viktor Mayer-Schönberger, Professor of Internet Governance, University of Oxford and co-author of Reinventing Capitalism in the Age of Big DataIn a world where Blockchain has become the new buzzword du jour, Werbach is balanced and thoughtful describing the opportunities, challenges and the underlying technical and social issues. He uses easy-to-read examples and explanations accessible to newcomers but worth reading for even seasoned experts to better understand this important phenomenon.―Joi Ito, Director of the MIT Media Lab and cofounder of the Digital Currency Initiative, MITWho rules the blockchain? Everyone, and no one, and lawyers, too. The Blockchain and the New Architecture of Trust is a tour de force tour of the hidden layers of power and politics that make blockchains work. Werbach makes a compelling case for taking blockchain governance seriously.―James Grimmelmann, Professor of Law, Cornell Tech and Cornell Law School
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Product details
Series: Information Policy
Hardcover: 344 pages
Publisher: The MIT Press (November 20, 2018)
Language: English
ISBN-10: 0262038935
ISBN-13: 978-0262038935
Product Dimensions:
6 x 1.1 x 9 inches
Shipping Weight: 1.4 pounds (View shipping rates and policies)
Average Customer Review:
4.8 out of 5 stars
9 customer reviews
Amazon Best Sellers Rank:
#32,694 in Books (See Top 100 in Books)
As the author of two books on aspects of the blockchain, I found Kevin Werbach's "The Blockchain and the New Architecture of Trust" a revelation. It is the first book to combine a mastery of the meaning of the technology with a deep understanding of the relevant legal environment.Amid hundreds of muddled explanations by others, including sometimes myself, he drills in to the fundamental breakthrough that makes the technology important. Explaining why blockchain is far more than merely a slow immutable database or a cumbersome method of security, he focuses on its supreme efficiency of synchronization. While it is much slower in recording each individual transaction, its single synchronized process is far more efficient in establishing the global state of the system.The blockchain trades off a few minutes of delay in the recording of individual transactions against a radical advance in the speed of validating the entire ledger. The blockchain is not merely a process millions of times slower than Visa in recording transactions. It offers a path to a system millions of times faster than Visa in establishing the global state of the ledger, including all the transactions.Werbach follows up by explaining the relationship of the blockchain to Internet architecture. He is luminous on the flawed dynamics of trust on the net, pointing out that "as as long as the Internet's spanning layer [the Internet Protocol, IP] lies below the trust layer, trust will be a force for centralized control...By establishing the IP spanning layer at the level of basic transport, [the Internet] allows for proprietary solutions and concentration of power at higher levels." In my terms, it creates "a porous pyramid where all the data, money, and power rises to the top." Werbach cogently shows how the blockchain can function as a new spanning layer of money and value, transactions and trust to which the higher layers must refer for such functions as identification, authentication, attestation, and property rights.He follows up his brilliant insights on the technology with extensive and authoritative observations on the law. He demonstrates that cryptocurrencies will not prevail unless they can be embedded in a framework of law and trust. He shows how the success of the Internet was dependent on Section 230 of the Telecom Act of 1996 ordaining that "no provider or user of an interactive computer service shall be treated as the publisher or speaker of any information provided by another information content provider." Maintaining this principle will be necessary to the success of the blockchain in any form of social network or content provision.What is still needed after Werbach's masterly tome on the technology and the law is a deeper grasp of the nature of money. The blockchain movement needs an understanding that money is a real measuring stick rather than merely a tool of national sovereignty and a magic wand for central banks. Cryptocurrencies cannot finally perform as money until they are founded on an understanding of what money is.Werbach has written the crucial book to prepare the movement for this vital further step where it can not only address the crisis of Internet security but also the global scandal of floating monies. Money must become a measuring stick as fixed and real as the second, the meter, or the degree Kelvin that enable trade in supply chains around the world.
I’m loving this book. Yes, Kevin Werbach does a terrific job explaining blockchain -- the history, the hype, the promise and the concerns. And yes, he gives us readers some concrete ways to think about a path forward that preserves integrity, trust, and utility.But in the course of his blockchain study, he also brings out so many stories and observations about society’s institutions that keep coming to mind as I’m going about my day. I’m definitely seeing bike sharing, AirBnb, Waze, and driverless cars in a whole new light. I’m also enjoying ruminating about the best role for governments, corporations, trusted friends and unknown – but maybe accountable – strangers.
Highly recommended. Kevin covers the nascent blockchain technology through the lens of fundamentals of business: trust, governance, technology, and law. It's easy to read without much jargon and makes it easy to digest broad aspects of the challenges ahead in this space.
This book is a fantastic overview of Blockchain Technology and its impact on the world. Currently in process of reading it and it is much more thorough and less generic than the other three blockchain books Ive read. If looking to learn more about a game changing technology, I would choose this book over the other available options.
This is probably the Best book on blockchain technology. It is not a book that teaches you how to program, but it is a book that deeply analizes the pros and cons of the implementation of this technology from a legal perspective. As a lawyer, I can say that there is no other book like this in Blockchain&Law topic.
I think this is an accessible introduction that doesn't dumb down the important parts of blockchain technology
A revealing illumination of an important and timely topic. Werbach provides well-reasoned explanations and examples to clarify the premise and the promise of Blockchain. His unique contribution is to incorporate the role of law and regulation to assure trust as the backbone of decentralized digital ledgers.–Thomas S. Robertson, Former Dean of The Wharton School and a Board Member of the Carlyle Group.
Many books on this topic are dense, hastily written or not well researched - this book gets it right. It's informative, has the right mix of detailed and high-level discussions and brings it to life using real world examples. I came away more informed and confident of my knowledge.
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