 The Political Economy of the BlockchainPēteris Zilgalvis ()
Chapter Chapter 11 in Disintermediation Economics, 2021, pp 249-266 from Springer Abstract: Abstract The law and political economy of decentralized digital ecosystems is the policy, economic and legal framework surrounding the convergence of Blockchain/Distributed Ledger Technologies, the Internet of Things, decentralized Artificial Intelligence and other emerging technologies. The key unifiers are the enablement of multi-level governance, the decentralized management of data and the distributed nature of the technologies. They will challenge the existing more centralized economic and data management model of today’s Internet and will provide self determination to citizens in the management of their data and transactions. A challenge for the implementation of these technologies is linked to their very essence, their decentralized nature. Much existing legislation was adopted in a time when more centralized models dominated. The article analyses the legal challenges of applying such legislation to decentralized digital technologies, and reflects on the use of regulatory sandboxes as well as novel legislation in order to enable innovation in the economy and society based on the application of these technologies. Date: 2021 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-65781-9_11 Ordering information: This item can be ordered from DOI: 10.1007/978-3-030-65781-9_11 Access Statistics for this chapter More chapters in Springer Books from Springer |
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