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19 Yale J.L. & Tech. 334 (2017)
Block-by-Block: Leveraging the Power of Blockchain Technology to Build Trust and Promote Cyber Peace

handle is hein.journals/yjolt19 and id is 314 raw text is: 




                     Block-by-Block:
 Leveraging the Power of Blockchain Technology
      to Build  Trust   and  Promote Cyber Peace

      Scott J. Shackelford JD, PhD* & Steve Myers, PhD**

        19 YALE J. L. & TECH. 334 (2017) (forthcoming)

        There has been increasing interest in the transformative
power  of not only cryp to-currencies like Bitcoin, but also the
technology  underlying  them-namely blockchain. To the
uninitiated, a blockchain is a sophisticated, distributed online
ledger that has the potential, according to Goldman Sachs, to
change  'everything.' From making businesses more efficient to
recording property deeds to engendering the growth of 'smart'
contracts, blockchain technology is now being investigated by a
huge range of organizations and is attracting billions in venture
funding. Even  the U.S. Defense  Advanced  Research  Projects
Agency  (DARPA) is investigating   blockchain  technology to
create an unhackable  messaging  system. However, the legal
literature has largely ignored the rise of blockchain technology
outside of its finance, securities, and copyright implications.
This Article seeks to address this omission by analyzing the
potential impact  of blockchain technology on advancing  the
cybersecurity of firms across an array of sectors and industries
with a particular focus on certificate authorities and the critical
infrastructure context. Moreover,  we  examine   the rise of
blockchains through  the lens of the literature on polycentric
governance  to ascertain what  lessons this research holds to
build trust in distributed systems and ultimately promote cyber
peace.

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