Metaphilosophy 48 (5):666-686 (2017)

Authors
Georgy Ishmaev
Delft University of Technology
Abstract
This paper argues that the practical implementation of blockchain technology can be considered an institution of property similar to legal institutions. Invoking Penner's theory of property and Hegel's system of property rights, and using the example of bitcoin, it is possible to demonstrate that blockchain effectively implements all necessary and sufficient criteria for property without reliance on legal means. Blockchains eliminate the need for a third-party authority to enforce exclusion rights, and provide a system of universal access to knowledge and discoverability about the property rights of all participants and how the system functions. The implications of these findings are that traditional property relations in society could be replaced by or supplemented with blockchain models, and implemented in new domains.
Keywords bitcoin  blockchain  institutions  property  rights
Categories (categorize this paper)
DOI 10.1111/meta.12277
Options
Edit this record
Mark as duplicate
Export citation
Find it on Scholar
Request removal from index
Revision history

Download options

PhilArchive copy

 PhilArchive page | Other versions
External links

Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
Through your library

References found in this work BETA

Anarchy, State, and Utopia.Robert Nozick - 1974 - New York: Basic Books.
Two Treatises of Government.John Locke - 1988 - Cambridge University Press.
Anarchy, State, and Utopia.Robert Nozick - 1974 - Philosophy 52 (199):102-105.
Two Treatises of Government.Roland Hall - 1966 - Philosophical Quarterly 16 (65):365.

View all 18 references / Add more references

Citations of this work BETA

Add more citations

Similar books and articles

Hegel on Private Property: A Contextual Reading.Samuel Duncan - 2017 - Southern Journal of Philosophy 55 (3):263-284.
Corporate Property Rights.Larry May - 1986 - Journal of Business Ethics 5 (3):225 - 232.
Intrinsic Limitations of Property Rights.J. M. Elegido - 1995 - Journal of Business Ethics 14 (5):411 - 416.
Eigentumsrechte Im Finanzsystem.Lisa Herzog - 2014 - Deutsche Zeitschrift für Philosophie 62 (3).

Analytics

Added to PP index
2017-10-10

Total views
616 ( #12,922 of 2,499,249 )

Recent downloads (6 months)
95 ( #7,594 of 2,499,249 )

How can I increase my downloads?

Downloads

My notes