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Perspective ARTICLE Provisionally accepted The full-text will be published soon. Notify me

Front. Blockchain | doi: 10.3389/fbloc.2019.00009

The ethics of blockchain networks]{The ethics of contentious hard forks in blockchain networks with fixed features

  • 1Tepper School of Business, Carnegie Mellon University, United States

An advantage of blockchain protocols is that a decentralized community of users may each update and maintain a public ledger without the need for a trusted third party. Such modifications introduce important economic and ethical considerations that we believe have been not been considered among the community of blockchain developers. We clarify the problem and provide one implementable ethical framework that such developers could use to determine which aspects should be immutable and which should not.

Keywords: Ethics, Blockchain, cryptocurrency, governance, fairness

Received: 15 May 2019; Accepted: 15 Aug 2019.

Copyright: © 2019 Kim and Zetlin-Jones. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) and the copyright owner(s) are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.

* Correspondence: Prof. Tae Wan Kim, Tepper School of Business, Carnegie Mellon University, Pittsburgh, 15213, Pennsylvania, United States, twkim@andrew.cmu.edu