Welcome to the Nexus of Ethics, Psychology, Morality, Philosophy and Health Care

Welcome to the nexus of ethics, psychology, morality, technology, health care, and philosophy

Thursday, November 7, 2019

Digital Ethics and the Blockchain

Dan Blum
ISACA, Volume 2, 2018

Here is an excerpt:

Integrity and Transparency

Integrity and transparency are core values for delivering trust to prosperous markets. Blockchains can provide immutable land title records to improve property rights and growth in small economies, such as Honduras.6 In smart power grids, blockchain-enabled meters can replace inefficient centralized record-keeping systems for transparent energy trading. Businesses can keep transparent records for product provenance, production, distribution and sales. Forward-thinking governments are exploring use cases through which transparent, immutable blockchains could facilitate a lighter, more effective regulatory touch to holding industry accountable.

However, trade secrets and personal information should not be published openly on blockchains. Blockchain miners may reorder transactions to increase fees or delay certain business processes at the expense of others. Architects must leaven accountability and transparency with confidentiality and privacy. Developers (or regulators) should sometimes add a human touch to smart contracts to avoid rigid systems operating without any consumer safeguards.

The info is here.