How blockchain technology could change our lives

Author (Corporate)
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Series Title
Series Details February 2017
Publication Date February 2017
ISBN 978-92-846-0549-1
EC QA-02-17-043-EN-N
Content Type

Please note: Each In-Depth Analysis is assigned a DOI (digital object identifier), which is a safe and long term way of ensuring a hyperlink to the full text of this report. However, when ESO creates this record, on occasion the DOI still has not been activated by the EU Bookshop. If you find the source url hyperlink does not work please use the alternative location hyperlink listed as a related url.Blockchain technology is of increasing interest to citizens, businesses and legislators across the European Union. This report is aimed at providing a point of entry for those curious about blockchain technology, so as to stimulate interest and provoke discussion around its potential impact. A general introduction is followed by a closer look at eight areas in which blockchain has been described as having a substantial potential impact.

+ Currencies: the vanguard of blockchain technology
+ Digital content: blockchain and rights management
+ Patents: protecting innovators while incentivising innovation
+ E-voting: revolutionising the electoral system?
+ Smart contracts: if code were law
+ Supply chains: transparency and accountability at last?
+ Blockchain states: rethinking public services
+ Blockchain everything? Decentralised autonomous organisations

For each of these, an explanation is given of how the technology could be developed in that particular area, the possible impacts this development might have, and what potential policy issues are to be anticipated.

Author: Philip Boucher

Source Link Link to Main Source http://dx.publications.europa.eu/10.2861/926645
Related Links
European Parliament: Directorate-General for Internal Policies of the Union: Publications available via the EU Bookshop http://bookshop.europa.eu/en/directorate-general-for-internal-policies-of-the-union-cbf.cKABstF7wAAAEjwYYY4e5K/
European Parliament: European Parliamentary Research Service: In-Depth Analysis, February 2017: How blockchain technology could change our lives http://www.europarl.europa.eu/RegData/etudes/IDAN/2017/581948/EPRS_IDA(2017)581948_EN.pdf
ESO: Background information: What if blockchain technology revolutionised voting? http://www.europeansources.info/record/what-if-blockchain-technology-revolutionised-voting/

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