Ethical implications of blockchain

ethical implications of blockchain

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It is instructive that crypto-currencies - a change in ownership, media of exchange in the etc.

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To help clarify regulation over digital assets, Congress has proposed the Digital Trading Clarity Act, which aims to provide clarity around two major concerns: i the classification of digital assets and ii related liabilities under existing securities laws. States will likely continue to take different legal approaches to the regulation of digital assets, perhaps making it increasingly difficult to grasp the overall regulation of the industry. The applications of blockchain have grown well beyond cryptocurrency and NFTs, as governments and industries from health care to agriculture to supply-chain operations leverage the technology to improve efficiency, security, and trust. Bar Ass'n, The purpose of this paper is fourfold: first, to provide the first systematic study on the ethics of blockchain, mapping its main socio-technical challenges in technology and applications; second, to identify ethical issues of blockchain; third, to propose a conceptual framework of blockchain ethics study; fourth, to discuss ethical issues for stakeholders.