Web3 and the State: Indian state's redescription of blockchain

• URL: http://arxiv.org/abs/2405.00320v2
• Date: Wed, 02 Oct 2024 14:40:38 GMT
• Title: Web3 and the State: Indian state's redescription of blockchain
• Authors: Debarun Sarkar, Cheshta Arora,
• Abstract summary: The article closely reads a discussion paper by the National Institution for Transforming India (NITI) Aayog and a strategy paper by the Ministry of Electronics and Information Technology (MeitY) advocating non-financial use cases of blockchain in India. The paper foregrounds how blockchain systems are being designated as "decentral" but have recentralizing effects where the state reinvents and re-establishes itself as an intermediary.
• Score: 0.0
• License:
• Abstract: The article closely reads a discussion paper by the National Institution for Transforming India (NITI) Aayog and a strategy paper by the Ministry of Electronics and Information Technology (MeitY) advocating non-financial use cases of blockchain in India. By noting the discursive shift from transparency to trust to adjustably transparent enacted in these two documents, and consequently the Indian state's redescription of blockchain, the paper foregrounds how blockchain systems are being designated as "decentral" but have recentralizing effects where the state reinvents and re-establishes itself as an intermediary. The paper illustrates how discursive shifts concerning trust, transparency, (de)centralization and (dis)intermediation are crucial sites for investigating redescriptions of emerging sociotechnical systems.

Related papers

• On Fairness Concerns in the Blockchain Ecosystem [0.0]
  We audit the Bitcoin and blockchains to investigate the norms followed by miners in determining the transaction prioritization. Our findings have significant implications for future developments of blockchains and decentralized applications.
  arXiv  Detail & Related papers  (2024-05-29T08:35:37Z)
• IT Strategic alignment in the decentralized finance (DeFi): CBDC and digital currencies [49.1574468325115]
  Decentralized finance (DeFi) is a disruptive-based financial infrastructure. This paper seeks to answer two main questions 1) What are the common IT elements in the DeFi? And 2) How the elements to the IT strategic alignment in DeFi?
  arXiv  Detail & Related papers  (2024-05-17T10:19:20Z)
• Enhancing Trust and Privacy in Distributed Networks: A Comprehensive Survey on Blockchain-based Federated Learning [51.13534069758711]
  Decentralized approaches like blockchain offer a compelling solution by implementing a consensus mechanism among multiple entities. Federated Learning (FL) enables participants to collaboratively train models while safeguarding data privacy. This paper investigates the synergy between blockchain's security features and FL's privacy-preserving model training capabilities.
  arXiv  Detail & Related papers  (2024-03-28T07:08:26Z)
• Tax Policy Handbook for Crypto Assets [0.0]
  Rise of Bitcoin and other crypto assets mark a fundamental change in the way people transact and transmit value over a decentralized network, spread across geographies. This has created regulatory and tax policy blind spots, as governments and tax administrations take time to understand and provide policy responses to this innovative, revolutionary, and fast-paced technology. This paper tries to explain the principles on which crypto assets function, their underlying technology and relates them to the tax issues and taxable events which arise within this ecosystem.
  arXiv  Detail & Related papers  (2024-03-22T09:54:18Z)
• Graph Attention Network-based Block Propagation with Optimal AoI and Reputation in Web 3.0 [59.94605620983965]
  We design a Graph Attention Network (GAT)-based reliable block propagation optimization framework for blockchain-enabled Web 3.0. To achieve the reliability of block propagation, we introduce a reputation mechanism based on the subjective logic model. Considering that the GAT possesses the excellent ability to process graph-structured data, we utilize the GAT with reinforcement learning to obtain the optimal block propagation trajectory.
  arXiv  Detail & Related papers  (2024-03-20T01:58:38Z)
• DocCert: Nostrification, Document Verification and Authenticity Blockchain Solution [0.08192907805418582]
  Many institutions and organizations require nostrification and verification of qualification as a prerequisite for hiring. In this digital era where most applications happen online, and document copies are uploaded, the traditional signature and seal methods are obsolete. We propose a blockchain based nostrification system, where awarding institutions generate a digital certificate, store in a public but permissioned blockchain, where students and other stakeholders may verify.
  arXiv  Detail & Related papers  (2023-10-13T14:23:58Z)
• When Quantum Information Technologies Meet Blockchain in Web 3.0 [86.91054991998273]
  We introduce a quantum blockchain-driven Web 3.0 framework that provides information-theoretic security for decentralized data transferring and payment transactions. We discuss the potential applications and challenges of implementing quantum blockchain in Web 3.0.
  arXiv  Detail & Related papers  (2022-11-29T05:38:42Z)
• Recordism: A social-scientific prospect of blockchain from social, legal, financial, and technological perspectives [11.332156663263564]
  This study focuses on four key perspectives: methodological, legal, financial, and technical. It finds that blockchain is not only an innovative cognition method, but also a community representative. Despite some challenges in integrating blockchain with existing social structures, this paper concludes that blockchain has the potential to play a significant role in shaping the future.
  arXiv  Detail & Related papers  (2022-04-02T09:16:34Z)
• SoK: Blockchain Governance [13.95507600720467]
  The topic of blockchain governance is a fertile domain for a thorough systematization. We start by distilling a comprehensive array of properties for sound governance systems. While all properties are satisfied, even partially, by at least one system, no system that most of them.
  arXiv  Detail & Related papers  (2022-01-18T18:38:26Z)
• Quantum-resistance in blockchain networks [46.63333997460008]
  This paper describes the work carried out by the Inter-American Development Bank, the IDB Lab, LACChain, Quantum Computing (CQC), and Tecnologico de Monterrey to identify and eliminate quantum threats in blockchain networks. The advent of quantum computing threatens internet protocols and blockchain networks because they utilize non-quantum resistant cryptographic algorithms.
  arXiv  Detail & Related papers  (2021-06-11T23:39:25Z)
• Regulation conform DLT-operable payment adapter based on trustless - justified trust combined generalized state channels [77.34726150561087]
  Economy of Things (EoT) will be based on software agents running on peer-to-peer trustless networks. We give an overview of current solutions that differ in their fundamental values and technological possibilities. We propose to combine the strengths of the crypto based, decentralized trustless elements with established and well regulated means of payment.
  arXiv  Detail & Related papers  (2020-07-03T10:45:55Z)

This list is automatically generated from the titles and abstracts of the papers in this site.

This site does not guarantee the quality of this site (including all information) and is not responsible for any consequences.