The Law and Economics of Blockchain

Datos Bibliográficos

ID12795151
AutoresRichard Holden (0000-0003-1199-340X, UNSW Sydney, autor de correspondencia), Anup Malani (0000-0002-2594-5778, University of Chicago)
Año2022
Volumen18
Número1
Páginas297-313
Fecha de publicación2022-07-18
Peer ReviewedSí
Open AccessNo
TipoARTICLE
RevistaAnnual Review of Law and Social Science (BOOK_SERIES)
Identificadores de la revistaISSN: 1550-3585 • E-ISSN: 1550-3631
EditorialAnnual Reviews (PUBLISHER • US)
DOI10.1146/annurev-lawsocsci-011921-060322
OpenAlexW4285802731
IdiomaEN
Citas recibidas1
Referencias citadas19

This article examines the implications of Distributed Ledger Technology (a.k.a. blockchain) for several areas of law. While cryptocurrencies have received much attention, the implications of DLT are potentially far reaching. DLT raises interesting and important questions relating to rules of evidence, surrounding issues like hearsay and authentication. The advent of initial coin offerings has implications not only for how firms are financed but also for securities law in regulating such offerings. Cryptocurrencies themselves (e.g., Bitcoin) have raised serious issues for tax avoidance and taxation law. Relatedly, the rise of cryptocurrencies raises issues regarding the relationship between private and nationally issued currencies, and even the role and efficacy of monetary policy. Finally, DLT has practical implications for election law and voter turnout, with such technology already begun to be used for security purposes in online voting and permitted in 32 US states

Blockchain · Business · Computer security · Cryptocurrency · Distributed ledger · Economics · Law and economics · Political science · Politics · Voting · Auction Theory and Applications · Law · Law, Economics, and Judicial Systems · Legal and Constitutional Studies