Unravelling Ethical Dimensions in Blockchain Technology: A Comprehensive Analysis
Bhavraaj Singh, Muhammad Abdul Basit Ur Rahim, Shahid Hussain, Muhammad Abid Rizwan, Jasleen Kaur Bali · 2024
This paper delves into the ethical implications of blockchain technology adoption, focusing on transparency, pri-vacy, decentralization, smart contracts and societal impacts. It addresses the challenge of balancing transparency with privacy, emphasizing the need for careful consideration in decentralized systems and smart contracts. The research aims to comprehend and articulate blockchain's ethical dimensions, offering insights for responsible development. It seeks to propose guidelines for developers, stakeholders and policymakers, fostering ethical awareness in blockchain evolution while acknowledging both its benefits and dilemmas. This exploration stems from the imperative to understand blockchain's ethical implications across various sectors, contributing to a framework for its responsible implementation.