The Governance of Blockchain Financial Networks

【Author】 Paech, Philipp

【Source】MODERN LAW REVIEW

【影响因子】1.540

【Abstract】Since the emergence of the virtual currency Bitcoin in 2009, a new, Internet-based way of recording entitlements and enforcing rights has increasingly captured the interest of businesses and governments. The technology is commonly called blockchain' and is often associated with a closely related phenomenon, the smart contract'. The market is now exploring ways of using these concepts for financial assets, such as securities, fiat money and derivative contracts. This article develops a conceptual framework for the governance of blockchain-based networks in financial markets. It constructs a vision of how financial regulation and private law should set the boundaries of this new technology in order to protect market participants and societies at large, while at the same time allowing the necessary room for innovation.

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【发表时间】2017 NOV

【收录时间】2022-01-02

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