Blockchain and the Law

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* Book: Blockchain and the Law: The Rule of Code. By Primavera De Filippi and Aaron Wright. Harvard University Press, 2018

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"Disintermediation―a blockchain’s greatest asset―subverts critical regulation. By cutting out middlemen, such as large online operators and multinational corporations, blockchains run the risk of undermining the capacity of governmental authorities to supervise activities in banking, commerce, law, and other vital areas. De Filippi and Wright welcome the new possibilities inherent in blockchains. But as Blockchain and the Law makes clear, the technology cannot be harnessed productively without new rules and new approaches to legal thinking."