Decentralized Blockchain Technology and the Rise of Lex Cryptographia
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A transaction may represent the transfer or issuance of a cryptographic token through a smart contract transaction.
“A transaction is not limited to the transfer of a crypto-asset such as a Bitcoin or Ether, but may also represent the transfer or issuance of a cryptographic token through a smart contract transaction (Wright and De Filippi, 2015).”
From Self-Sovereign Identity in a Globalized World: Credentials-Based Identity Systems as a Driver for Economic Inclusion (2020) · cites this paper as Wright and De Filippi, 2015
The lack of any single point of failure and control contributes to increasing the resilience of blockchain-based systems, while also making it more difficult for national laws to be enforced on them.
“In other words, the lack of any single point of failure and control (such as ICANN in the context of Internet governance) contributes to increasing the resilience of blockchain-based systems, while also making it more difficult for national laws to be enforced on them [91].”
From Blockchain as a confidence machine: The problem of trust & challenges of governance (2020) · cites this paper as [91]
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Noyes, C. (2016) · arXiv.org · doi:10.48550/arxiv.1601.01405 · Cited by 80 · see citing works
“Prior the invention of these mechanisms, it was simply not possible to coordinate large numbers of individual activities into a cohesive network without a centralized governing body to watch over and verify the proceedings [17].”
BackgroundSchückes, M., & Gutmann, T. (2020) · Small Business Economics · doi:10.1007/s11187-020-00337-9 · Cited by 79 · see citing works
“The blockchain technology has been called “disruptive” (Mattila 2016, p. 4), a “digital revolution” (Wright and De Filippi 2015 p.2), a “new engine of growth” (Crosby et al. 2016, p.9), and a “magic global computer” (Buterin 2015).”
LikeStarter: a Smart-contract based Social DAO for Crowdfunding
Zichichi, M., Contu, M., Ferretti, S., & D'Angelo, G. (2019) · Conference on Computer Communications Workshops · doi:10.1109/infcomw.2019.8845133 · Cited by 75
“Decentralized Autonomous Organizations (DAOs), once deployed in the blockchain, live and operate without the need to any human intermediary [14].”
BackgroundDrummer, D., & Neumann, D. (2020) · Journal of Information Technology · doi:10.1177/0268396220924669 · Cited by 97 · see citing works
“…set of rules to which they want to abide, but after the choice has been made can no longer deviate from these rules, to the extent that smart contracts are automatically enforced by the underlying code of the technology, regardless of the will of the parties (Wright and de Filippi, 2015).”
BackgroundInfluentialYe, Z., Yin, M., Tang, L. C. M., & Jiang, H.-B. (2018) · Proceedings of the 35th International Symposium on Automation and Robotics in Construction (ISARC) · doi:10.22260/isarc2018/0066 · Cited by 74 · see citing works
“It resulted in the difficulty for anyone who wants to attack the network for they need to expend more to decrypt the block [16].”
BackgroundHsieh, Y.-Y., Vergne, J.-P., & Wang, S. (2017) · Routledge eBooks · doi:10.4324/9781315211909-3 · Cited by 74 · see citing works
- Authors
- Wright, A., & De Filippi, P.
- Affiliations
- Yeshiva University (US)
- Corresponding author
- Wright, Aaron
- Venue
- SSRN Electronic Journal
- Publisher
- Elsevier BV
- Published
- 2015
- ISSN
- 1556-5068 (ISSN-L)
- OpenAlex
- W4400945
- Cited by
- 928
- References
- 0
- Citations by year
- 2026: 37 · 2025: 61 · 2024: 97 · 2023: 86 · 2022: 110 · 2021: 118 · 2020: 141 · 2019: 119 · 2018: 102 · 2017: 40 · 2016: 14 · 2015: 3
- Type
- posted content
- Language
- en
- Open access
- green
- doi.org
- Locations
- SSRN Electronic Journal (publishedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Digital Transformation in Law
- Physical Sciences › Computer Science › Information Systems › Blockchain Technology Applications and Security
- Social Sciences › Law › Digitalization, Law, and Regulation
- Keywords
- blockchain, smart contracts, decentralized autonomous organizations, decentralized governance, decentralization (distributed systems), self-executing contracts, legal theory
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