Public Governance of the Blockchain Revolution and Its Implications for Social Finance: A Comparative Analysis

Paladini, Stefania and Yerushalmi, Erez and Castellucci, Ignazio (2021) Public Governance of the Blockchain Revolution and Its Implications for Social Finance: A Comparative Analysis. In: Innovations in Social Finance : Transitioning Beyond Economic Value. Palgrave Macmillan, pp. 293-318. ISBN 9783030725358

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Abstract

There is hardly anyone who has not heard of blockchain nowadays, even though an exact idea about what blockchain is and how it works is far from common. The knowledge most of the people seem to have of Nakamoto’s original concept is related to cryptocurrencies; to the point that blockchain itself is often referred to as the “Bitcoin protocol”. The most important and promising uses of this technology, however, lie far beyond sectors as distinct as health care, aerospace, energy, and education. The aim of this work is to investigate the potential for blockchain application beyond the monetary system and to compare some of the existing laws that have a direct impact on blockchain as a whole in the context of social finance and social innovation. We consider examples of “blockchain in action” in different areas and geographic locations—the EU, Israel, and East Asia are the selected case studies—and discuss their unique characteristics. Their comparative review helps extract what blockchain-friendly regulatory framework would look like and what the existing challenges are for its implementation on a wide scale, starting from the regulatory framework of reference.

Item Type: Book Section
Date: 30 July 2021
Uncontrolled Keywords: Blockchain, Public Governance, Cryptocurrency, European Union, Israel, Philippines, Legal Framework
Subjects: J900 Others in Technology
L100 Economics
N300 Finance
Divisions: Faculty of Business, Law and Social Sciences > Birmingham City Business School > Centre for Applied Finance and Economics
Faculty of Business, Law and Social Sciences > Birmingham City Business School > Department of Accounting, Finance and Economics
Depositing User: Erez Yerushalmi
Date Deposited: 06 Sep 2021 12:37
Last Modified: 06 Sep 2021 12:37
URI: http://www.open-access.bcu.ac.uk/id/eprint/12083

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