Blockchain technology has received much interest throughout the last decade, thanks to its position as the backbone of cryptocurrencies like Bitcoin. Since then, the quantitative data collected for cryptocurrencies have been expanded to include construct distributed connections in a variety of forms with applications in a variety of fields and various industries.
Distributed ledger proponents argue that the dispersed nature of the technology may be utilised to defend human rights and can be a technical answer to the Internet’s increasing centralization. They claim that Net providers’ current control has a detrimental impact on civil liberties and the promotion of social justice online.
There are various apps and software like https://immediatebitcoin.org/ , which allow people to have a piece of more distinct knowledge about the trading of cryptocurrency in the market.
- What does Article-19 entail about blockchain technology?
The effect and consequences of blockchain technology on the rights of free speech are examined in ARTICLE 19. ARTICLE 19 studies and assesses innovative technologies for their possible influence on freedom of speech; we’ve done so recently for a range of electronic techniques, including encrypted and anonymous tools.
We look at some of the most important freedom of speech concerns raised by blockchain technology, as well as four application scenarios with major consequences for civil liberties: media distribution, information verification, database management, and digital currency payments.
From a human rights standpoint, ARTICLE 19 thinks that the fundamental characteristics and preconceptions of blockchains should be thoroughly investigated. This section details the characteristics of blockchains that should be examined following freedom of speech during their deployment, as well as the commitments of authorities and foreign actors in protecting and promoting the freedom of speech in connection to blockchain technology.
- Why Article-19?
ARTICLE 19 contends that the government surveillance of blockchains does not imply that their development or governance conform to universal freedom of speech norms. These criteria require limits on civil liberties to be properly specified in legislation, and also required and reasonable to precisely identified legitimate goals. At a more macro level, when the law is ambiguous, innovation is inflexible, and the deployment of blockchain systems in some circumstances prevents the combination of technological and cultural solutions.
Blockchains, like many other inventions, can be twofold and do damage as well as benefit.
- There are a lot of regional as well as international bodies which have highlighted the importance of blockchain, concerning civil rights:
The following are some instances where blockchain technology is important from the civil rights perspective:
- The Economic Commission for Europe (UNECE) of the United Nations Economic and Social Council (ECOSOC) has championed the establishment of nationally and internationally blockchain technology to engage “all relevant stakeholders and potential beneficiaries,” especially to see if blockchain technology can help ensure inclusive and equitable quality.
- The United Nations secretary organised a conference of twenty individuals from trade, private sector, and university during the 2018 National Convention to discuss innovative technologies, including blockchain systems. The Commission has established a “Distributed ledger Conference” and is developing an effective plan for the entire continent.
- UNOPS and the United Ministry of Telecommunications have issued a request for quotations from blockchain businesses to offer distributed ledger technology identification strategies to minimize drug smuggling in Moldova.
Blockchain networks are ledgers that have several versions in use at the same time; whenever one record is removed or altered, the others will continue to exist. The ledger’s data is organised in some kind of chronological order. The name “blockchain” comes from the phrase “block,” which refers to each particular data storage on the chain.
To verify the authenticity of the blocks in a blockchain, data encryption is used to connect them. Blockchains can be personal or professional, but both are investigated in this study.
While blockchains are difficult to define, they are best thought of as a safe way of securing content owing to their unique properties.