#253 Angela C. Walch_ The Case for Treating Developers as Fiduciaries in Public Blockchains

Aelf

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Jul 9, 2023
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Click to download audio version The expectation has become widespread that
blockchains will end up underpinning major societal infrastructures. The
narrative in the blockchain space is that networks are decentralized and
trustless and thus regulation should not apply to networks directly. Legal
scholar Angela C. Walch has been questioning terms like decentralization and
trustlessness and argues that blockchains shift the need for trust rather than
remove it. Her controversial ideas include that key developers of open-source
project should be treated as fiduciaries and held accountable for the
consequences of their work. Angela Walch is a professor of law at St Mary
University School of Law and a Research Fellow at the Center for Blockchain at
UCL. She is a graduate of Harvard College and Harvard Law School and has been
doing academic work on legal issues surrounding public blockchains since 2013.
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