Trust and Distrust in Digital Economies: 1st Edition (Hardback) book cover

Trust and Distrust in Digital Economies

1st Edition

By Philippa Ryan

Routledge

256 pages

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Hardback: 9781138477483
pub: 2019-06-26
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Description

In digital economies, the Internet enables the "platformisation" of everything. Big technology companies and mobile apps are running mega marketplaces, supported by seamless online payments systems. This rapidly expanding ecosystem is fueled by data. Meanwhile, perceptions of the global financial crisis, data breaches, disinformation and the manipulation of political sentiment have combined to create a modern trust crisis. A lack of trust constrains commerce, particularly in terms of consumer protection and investment. Big data, artificial intelligence, automated algorithms and blockchain technology offer new solutions and risks.

Trust in our legal systems depends on certainty, consistency, and enforceability of the law. However, regulatory and remedial gaps exist because the law has not kept up with technology. This work explores the role of competency and good faith, in the creation of social and legal relationships of trust; and the need for governance transparency and human accountability to combat distrust, particularly in digital economies.

Table of Contents

Part I Introduction and classification

1. Introduction

2. The cost of trust

3. Distinguishing between social relationships of trust and Trusts

4. Distinguishing digital economies from non-digital economies

5. Contract versus trust

6. Financial versus non-financial goals and values in business

Part II Social relationships of trust in digital economies

7. Introduction

8. Social contracting in e-business

9. Trust in online advertising

10. Industrial relations in the gig economy

11. Protecting privacy in a world of big data

12. The accountability of algorithms

13. Trustless relationships enabled by blockchain

Part III Legal relationships of Trust in digital and crypto economies

14. Introduction

15. Duties of Trustees and fiduciaries in digital economies

16. Statutory Trustees of crypto-assets

17. Good faith and competence in crypto-economies

18. Liability of third parties in digital and crypto-economies

Part IV Key challenges and conclusion

19. Closing the tax gap in digital economies

20. Too much data?

21. The end of ownership in digital economies?

22. Conclusion

Index

About the Author

Dr Philippa (Pip) Ryan is a barrister and a senior lecturer in the College of Law at the Australian National University in Canberra. She is a Fellow of the Australian Digital Commerce Association. Pip is Chair of the Standards Australia blockchain working group for smart contracts, and Deputy Chair of the Australian Computer Society’s blockchain technical committee. In 2018, she was named an American Bar Association "Legal Rebel". Pip co-authored Van Rijmenam and Ryan, Blockchain: Transforming Your Business and Our World (Routledge 2019). Her favourite place to be is with her husband at home in the Snowy Mountains, with family and friends.

About the Series

Routledge Research in Finance and Banking Law

This series explores the key developments in financial and banking law, offering critical analyses of legislation and regulatory frameworks at the international regional and domestic levels. Legislation, case law, regulatory structures and institutions are discussed from a variety of theoretical and methodological approaches. The books in this series provide valuable and far-reaching investigations into the challenges of regulating finance and banking in a fast-moving and interconnected global economy.

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Subject Categories

BISAC Subject Codes/Headings:
LAW000000
LAW / General
LAW007000
LAW / Banking
LAW051000
LAW / International
POL011020
POLITICAL SCIENCE / International Relations / Trade & Tariffs
POL040000
POLITICAL SCIENCE / Government / General