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By cutting out middlemen, such as large online operators and multinational corporations, blockchains run the risk of undermining the capacity of governmental authorities to supervise activities in banking, commerce, law, and other vital areas. society. Blockchain and the Law: The Rule of Code sets out to map the landscape of this technology that enables its readers to assess the opportunities and regulatory challenges. Rather than reading a good book with a cup of coffee in the afternoon, instead they juggled with some harmful . Amsterdam Law School Research Paper No. Blockchain and the Law is not just a theoretical guide. Internet Law: Cases & See generally LAWRENCE LESSIG, CODE AND OTHER LAWS OF CYBERSPACE (1999) (on the idea of code as law). Social & Legal Studies 2020 29: 5 , 757-761. The National Law Review - National Law Forum LLC 3 Grant Square #141 Hinsdale, IL 60521 Telephone (708) 357-3317 or toll free (877) 357-3317. The coverage is impressive, well-researched and key issues are examined and analysed with rigor and clarity. In Blockchain and the Law, De Filippi and Wright offer a thought-provoking prediction of a 'structural shift of power from legal rules and regulations administered by government authorities to code-based rules and protocols governed by decentralised blockchain-based networks' 9 as blockchain . A "more aggressive stance" on the SEC rule "makes sense" given how it "affects their business model directly," she said. 2020] THE LAW OF BLOCKCHAIN 1123 Governments all over the world are accordingly revealing an uneasiness with the rise of blockchain and its accompanying functionalities.23 While the initial focus of regulators and scholars alike has been mostly . Blockchain has been described as replacing law by the rule of code (De Filippi and Wright, 2018), creating a new and digital form of trust (Werbach, 2018), and providing a novel governance . Add Paper to My Library. 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