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Die Empfehlungen des Fintech-Rates zur Regulierung von Blockchains im Lichte ungeklärter Fragen der Haftung

Author

Listed:
  • Thießen Friedrich

    (TU ChemnitzProfessur für Finanzwirtschaft und BetriebswirtschaftslehreThüringer Weg 7, 09126ChemnitzDeutschland)

Abstract

This paper examines the recommendations of the German Fintech Council of March 2019 regarding a future blockchain strategy for Germany. The recommendations are the Fintech Council’s response to the German government’s wish to develop a blockchain strategy. The proposals contain many valuable elements, whereby the principle of liability is neglected. Cases from the short history of blockchain applications prove severe problems and show the extent to which the principle of liability is violated. Liability is one of the fundamental pillars of functioning market economies. There seems to be a tendency in Europe to underrate or under-emphasise the principle of liability when innovative digital developments are looked at. As long as developments are at the experimental stage, there is no objection to this. But in real operation, adequate liability is indispensable. It is the aim of this article to recall this.

Suggested Citation

  • Thießen Friedrich, 2020. "Die Empfehlungen des Fintech-Rates zur Regulierung von Blockchains im Lichte ungeklärter Fragen der Haftung," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 69(2), pages 166-198, August.
    • Handle: RePEc:lus:zwipol:v:69:y:2020:i:2:p:166-198:n:2
    DOI: 10.1515/zfwp-2020-2030
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    References listed on IDEAS

    as
    1. Pies, Ingo & Sass, Peter, 2011. "Haftung und Innovation: Ordonomische Überlegungen zur Aktualisierung der ordnungspolitischen Konzeption," Discussion Papers 2011-4, Martin Luther University of Halle-Wittenberg, Chair of Economic Ethics.
    2. Steven G. Medema, 2014. "Economics and Institutions. Lessons from the Coase Theorem," Revue économique, Presses de Sciences-Po, vol. 65(2), pages 243-261.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Digitalization; Blockchain; Regulation; Principal of Liability; Ordoliberalism;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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