Print Email Facebook Twitter Blockchain Technology as an Institution of Property Title Blockchain Technology as an Institution of Property Author Ishmaev, G. (TU Delft Ethics & Philosophy of Technology) Date 2017 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. Subject bitcoinblockchaininstitutionspropertyrights To reference this document use: http://resolver.tudelft.nl/uuid:237470bc-e38b-4d23-9edb-1e7481b7a49e DOI https://doi.org/10.1111/meta.12277 ISSN 0026-1068 Source Metaphilosophy, 48 (5), 666-686 Part of collection Institutional Repository Document type journal article Rights © 2017 G. Ishmaev Files PDF Ishmaev_2017_Metaphilosophy.pdf 219.13 KB Close viewer /islandora/object/uuid:237470bc-e38b-4d23-9edb-1e7481b7a49e/datastream/OBJ/view