Trust Frameworks

= a set of consensual, multi-stakeholder contractual agreements to enable people to enter into trustworthy relationships and transactions on open networks.

Description

John Clippinger and David Bollier:

"Such a system is needed because conventional forms of law and policymaking are ultimately too hamfisted, slow moving, impractical and unenforceable to address the robust needs of commerce and social life on open networks. In a sense, law itself must be re-conceptualized if it is to function well in networked environments. Now is the time to engineer a great leap forward to digital, network-native forms of law, where the rule of law derives from the collective sentiments of a given community or network of users and functions in a more algorithmic, self-executing and self-correcting way.

At first blush, this idea may sound unrealistic, radical, or ridiculous. But we believe that this vision is entirely feasible and, indeed, highly attractive, because it can begin to solve so many vexing social, economic and technological problems that existing institutions and policy structures cannot. This discussion paper outlines the key design elements of the envisioned network platform and explains the basic logic of the infrastructure and digital common law."

Source

• Working Paper on Trust Frameworks and Self-Governance; ID3 Workshop, May 31, 2012