An-Institut der Stiftung Weltethos
an der Universität Tübingen

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Neuer Aufsatz über Blockchains, Kryptowährungen und deren Relevanz für die Wirtschaftsethik

Am 31. Oktober veröffentlichte der ehemalige Institutsleiter Prof. Dr. Claus Dierksmeier zusammen mit Dr. Peter Seele den Artikel “Blockchain and Cryptocurrencies, the Relevance for Business Ethics” in der “Encyclopedia of Business and Professional Ethics” (Springer).

Introduction:

Bitcoin and the underlying technology of Distributed Ledger Technology (DLT) also known as Blockchain first touched surface with a whitepaper authored under the pseudonym Satoshi Nakamoto (2008) regarding Bitcoin, the first and up-to-date most broadly known cryptocurrency. The current value of only the principal cryptocurrency Bitcoin has surpassed 1 trillion USD in February (Forbes 2021) and its exchange rate is characterized by risky volatilities allowing for extreme gains and losses, possibly also leading to macroeconomic instability.

Bitcoin has since been emulated by more than 4500 different cryptocurrencies or altcoins (Statista 2021). The groundbreaking novelty of blockchains consists in decentralized registers, where every transaction is verified without a central authority and then saved on a “chain” of henceforth unmodifiable data blocks.