Blockchain

Blockchain Technology – Regulating the Future

The invention of a revolutionary encoding or cryptographic technology known as ‘blockchain’ is already central to a significant proportion of business-to business (B2B) and business-to-consumer (B2C) commerce, legal products and processes. From online purchasing to medical data and prescription management, data sharing of cross-jurisdictional criminal records, to possibly even management of entire countries’ registers and notarisations, this technology has huge potential. But with this potential to develop in as yet undefined ways and into various unregulated areas, one may argue that there is also the risk that ethical boundaries defining our basic rights to ownership, privacy and access to justice may be crossed.


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