Policy Considerations for the Blockchain Technology Public and Private Applications

In 2008, Satoshi Nakamoto—an individual or group of individuals— released a paper that described Bitcoin, a first of its kind, peer-to-peer electronic cash system. Bitcoin relies mostly on existing technology but requires a new invention, a blockchain, to solve an old problem: how do two parties conduct an online transaction without knowing or trusting each other and without the need for a trusted third-party intermediary? Encryption and large-scale redundancy was combined with Nakamoto’s blockchain to solve this problem for the first time—the Bitcoin blockchain is the key.

GABISON Garry; 

2017-04-10

Southern Methodist University, Dedman School of Law

JRC101825

http://stlr.law.smu.edu/Home.aspx,    https://publications.jrc.ec.europa.eu/repository/handle/JRC101825,