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LIS 653 | Knowledge Organization | Spring 2018

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Knowledge Organization final class posters for Spring 2018, Dr. C. Pattuelli | Pratt Institute.

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LIS 653 | Knowledge Organization | Spring 2018

  1. 1. Blockchain Taxonomies and GLAMs Mary Dama Mann Spring 2018 | LIS 653-01 Professor Cristina Pattuelli Possibilities of Blockchain in GLAMs References Buzzword of the Year: What Are We Talking About When We Talk About Blockchain? ● building enhanced metadata systems for libraries and data centers ● keeping track of digital-first sale rights and ownership ● connecting networks of libraries and universities ● supporting community-based borrowing and skill sharing programs ● verifying that documents aren’t altered while stored in archives Several organizations, including the Institute of Museum and Library Services and the Open Data Institute, are currently researching the possibilities and language of blockchain specifically for GLAMs. Avenues of investigation include: In a blockchain, the history of an item is attached to the item record Birch, D., et al. (2016).Towards ambient accountability in financial services: shared ledgers, translucent transactions and the legacy of the great financial crisis. Journal of Payment Strategy and Systems, 10(2): 118- 131. Brown, J. L. (2018, February 1). Blockchain in the library? Researchers explore potential applications. EdSurge. Retrieved from www.edsurge.com/news/2018-02-01- blockchain-in-the-library-researchers-explore- potential-applications Busby, M. (2018, January 30). Blockchain is this year's buzzword – but can it outlive the hype? The Guardian. Retrieved from www.theguardian.com/technology/2018/jan/30/ blockchain-buzzword-hype-open-source- ledger-bitcoin Iansiti, M., & Lakhani, K. R. (2017, February). The Truth About Blockchain. Harvard Business Review. Retrieved from hbr.org/2017/01/the- truth-about-blockchain Jeffries, A. (2018, March 07). 'Blockchain' is meaningless. The Verge. Retrieved from www.theverge.com/2018/3/7/17091766/blockch ain-bitcoin-ethereum-cryptocurrency-meaning ODI: Might blockchain have a role to play in the future of archiving? (n.d.). Open Data Institute. Retrieved from theodi.org/project/might- blockchain-have-a-role-to-play-in-the-future-of- archiving Walch, A. (2017, March 25). The Path of the Blockchain Lexicon (and the Law). Review of Banking and Financial Law, 36. The term “blockchain” has been extolled as the solution to everything from missing identity documentation to jewelry theft to bad peanut butter. In January 2018, The Guardian named it “buzzword of the year.” But do we know what blockchain is? A blockchain can be public or private, distributed or contained. It could be a database managed by an organization, or a global ledger whose entries are verified by individuals known as “miners.” Confusing or inaccurate language can lead to bad implementation or regulation.. For example, blockchain is not necessarily “immutable” as advertised - both Bitcoin and Ethereum have had rollbacks.. “It’s difficult to have a conversation about advancing a technology or using it when we all mean different things when we speak about it” - Victoria Lemieux, head of the blockchain research cluster at the University of British Columbia A widely accepted taxonomy for blockchain could clarify the difference between public and private blockchains, and help trim misleading language. - The University of British Columbia is helping develop a blockchain terminology standard for the International Organization for Standardization (ISO) - Individual research groups have proposed taxonomies as well, such as this one to the right, by Brown, Birch and Parulava for the Journal of Payment Strategy and Systems Proposed shared ledger taxonomy (Birch, et al, 2016) Standardization Is a Work In Progress

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