Sailing to Byzantium – Blockchain and the art market – Tanfield Chambers

Posted March 20th, 2019 in artistic works, data protection, EC law, electronic commerce, news by sally

‘One of the great frustrations of reading about blockchain is that many of those who set themselves the task of explaining it tell you what they believe it does, rather than explaining what it is, and often what they think it does is received wisdom, leading their expositions to founder on the Scylla of over-simplification. Others, who do understand what it is, often presume on the part of a general readership a level of familiarity with what might appear to be arcane technical concepts which such a readership does not possess: anyone for Byzantine Fault Tolerance? Their expositions thus founder on the Charybdis of incomprehensibility to all but fellow experts. Neither approach really facilitates a consideration of the benefits nor an appreciation of the risks involved in the use of blockchain technology.’

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Tanfield Chambers, 11th March 2019