Blockchain: Key legal and regulatory challenges with distributed ledger technology


As regularly reported in ComputerworldUK and Techworld, an increasing number of companies are exploring and investing in distributed ledger technology. See also: Which banks are investing in the blockchain?

Governments and international bodies are also discussing the possible implications of distributed ledgers on business, governments and the economy. See also: what is Blockchain?

This transformative technology raises significant questions for policy makers, regulators and lawmakers.

Indeed, during the last 18 months, many national and international bodies (some examples are set out below) have been closely analysing and monitoring distributed ledger developments. (See also: what is a graph database?)

For now, most appear cautiously optimistic about its future. This isn’t surprising - despite its challenges, distributed ledger technology could actually help improve regulatory compliance, and compliance tracking and reporting.

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