Jump to ContentJump to Main Navigation
Money Code SpaceHidden Power in Bitcoin, Blockchain, and Decentralisation$
Users without a subscription are not able to see the full content.

Jack Parkin

Print publication date: 2020

Print ISBN-13: 9780197515075

Published to Oxford Scholarship Online: October 2020

DOI: 10.1093/oso/9780197515075.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use.date: 28 June 2022

Blueprinting BlockchainsIntroduction

Blueprinting BlockchainsIntroduction

Chapter:
(p.192) 8 Blueprinting BlockchainsIntroduction
Source:
Money Code Space
Author(s):

Jack Parkin

Publisher:
Oxford University Press
DOI:10.1093/oso/9780197515075.003.0009

The final chapter dives deeper into the territory of spin-off blockchains offered as technological modes of organisation for decentralising a host of socioeconomic practices. Recent discussions of platform capitalism are used to critique claims that blockchains are an incorruptible mode of democratic governance. Instead, blockchain capitalism is offered as a more accurate transaction model where profit necessitates certain points of centralisation through dominant distributed ledger technologies. A close examination of blockchain typologies reveals the co-option of these architectures by the very centralised banking firms and governments they were initially designed to bypass. As financial giants and central banks design their own distributed ledgers to increase the efficiency of business practices and monetary policy, innovation from the disruptive edges is once again absorbed into “the centre” by the corporate/state powers that be.

Keywords:   platform capitalism, blockchain capitalism, decentralised autonomous organisation, sharing economy, Ethereum, private blockchains, public blockchains, initial coin offering, central bank digital currency, nonrepudiation

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .