TRUSTING A TRUSTLESS NETWORK. The Paradoxes of Trust in Blockchain Technology
JENA MARIE ESPELITAassociazioneblockchain.it
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TRUSTING A TRUSTLESS NETWORK. The Paradoxes of Trust in Blockchain Technology
Many within the larger blockchain community see this move as counterintuitive, as much of the appeal of blockchain architecture is related precisely to the fact that it is decentralized, open, and eliminates the need for trust in a third party. Skeptics have raised the question of how “private blockchains” will differ, fundamentally, from intranets
... See moreArtemis Caro • Blockchain: Bitcoin, Ethereum & Blockchain: The Beginners Guide to Understanding the Technology Behind Bitcoin & Cryptocurrency (The Future of Money Box Set)
The blockchain decentralizes trust and makes way to multiple, singularly harmless, but collectively powerful entities that authenticate it.
William Mougayar • The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology
The three fundamental pillars of this argument are,
- Blockchains are differentiated from traditional finance through their strong property rights – the inalienable right to store and transmit value.
- Centralization provides a means by which powerful entities can influence the outcomes of blockchains.
- The value stored in a property rights system is direc
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As we build new kinds of organizations, we also need to dispense with the illusion that we’re departing entirely from the past: just because we’re dealing with crypto ledgers doesn’t mean we don’t need to have institutions anymore or that humans don’t have to trust each other anymore. I think that evidence is very strong from our experience that wh... See more
Ola Kohut • When Co-ops Meet DAOs: An Interview with Nathan Schneider
Whereas Airbnb has designed for the human element of trust, the blockchain was designed for a parallel element of transactional trust, where the human is also part of it, but behind the scenes, and that human is represented on the blockchain
William Mougayar • The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology
