Citations

Existing Citations

  • blockchain : We finally have the conceptual framework for [a distributed rust management system], one in which trust need no longer be invested in a third-party intermediary but managed in a distributed manner across a community of users incentivized to protect a public good. Blockchain technology and the spinoff ideas it has spawned provide us with the best chance yet to solve the age-old problem of the Tragedy of the Commons. ¶ This technology creates a mechanism by which people and institutions that would not otherwise trust each other can agree, in a constantly updated process, on a common record of events. The blockchain is an unbroken, sequential ledger that’s replicated in multiple copied versions and stored on multiple, independent computers. Each node runs the same open source software that dictates how to update the shared ledger with new transactions and how to arrive at a consensus on whether those updates are valid. (†2630)
  • distributed trust model : We finally have the conceptual framework for [a distributed rust management system], one in which trust need no longer be invested in a third-party intermediary but managed in a distributed manner across a community of users incentivized to protect a public good. Blockchain technology and the spinoff ideas it has spawned provide us with the best chance yet to solve the age-old problem of the Tragedy of the Commons. This technology creates a mechanism by which people and institutions that would not otherwise trust each other can agree, in a constantly updated process, on a common record of events. (†2629)