quartz/content/notes/Blockchain as a confidence machine — The problem of trust & challenges of governance.md
2022-12-21 11:17:27 +13:00

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Blockchain as a confidence machine — The problem of trust & challenges of governance

link: https://doi.org/10.1016/j.techsoc.2020.101284

Summary

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Highlights

  • Blockchain technology is not a trustless technology but rather a confidence machine.
  • Blockchain technology increase confidence in the operations of a computational system.
  • Confidence in a blockchain system depends upon its underlying governance structure.
  • The governance of a blockchain system requires trusting a distributed web of actors.
  • Constitutional & polycentric governance theory can help improve blockchain governance.

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