Designing Policy for a Flourishing Blockchain Industry: Difference between revisions
(Created page with "'''* Report: Policy for a Flourishing Blockchain Industry. Miles Jennings, Sarah Brennan, and Thomas Chow. Decentralization Research Center, February 2025''' URL = https://thedrcenter.org/wp-content/uploads/2025/02/DRC-Designing-Policy-Final.pdf? =Description= "Closed software systems operated by centralized companies subject their users to a number of risks – the source code is not made available to users, and users cannot operate the code themselves. Securit...") |
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Latest revision as of 09:18, 2 April 2025
* Report: Policy for a Flourishing Blockchain Industry. Miles Jennings, Sarah Brennan, and Thomas Chow. Decentralization Research Center, February 2025
URL = https://thedrcenter.org/wp-content/uploads/2025/02/DRC-Designing-Policy-Final.pdf?
Description
"Closed software systems operated by centralized companies subject their users to a number of risks – the source code is not made available to users, and users cannot operate the code themselves. Securitizing ownership of such software should remain subject to securities laws.
These risks can be reduced through open blockchain networks that make their source code freely and publicly available. Open-source requirements are an essential factor in establishing a standard for reducing control and ensuring that intellectual property rights do not provide indirect mechanisms of control that enable value extraction from token holders. Additionally, they enable participants to fork the underlying blockchain, and the transparency of the source code enables anyone to verify how it functions, including that the system can operate without human intervention and that no person has inherent authority to make unilateral decisions impacting the functioning of the source code."