Regulating Blockchain, DLT and Smart Contracts: a technology regulator’s perspective
Joshua Ellul, Jonathan Galea, Max Ganado, Stephen McCarthy, Gordon J. Pace
Abstract
Abstract Blockchain, Smart Contracts and other forms of Distributed Ledger Technology provide means to ensure that processes are verifiable, transparent, and tamper-proof. Yet the very same enabling features that bring decentralisation also pose challenges to providing protection for the various users and stakeholders. Most jurisdictions which have implemented regulatory frameworks in this area have focused on regulating the financial aspects of cryptocurrency-based operations. However, they have not addressed technology assurance requirements. In this paper we present a world-first technology regulatory framework.
Topics & Concepts
BlockchainCryptocurrencyVerifiable secret sharingDistributed ledgerComputer securityDecentralizationPublic international lawPerspective (graphical)BusinessComputer scienceInternational lawPolitical scienceLawSet (abstract data type)Programming languageArtificial intelligenceBlockchain Technology Applications and SecurityFinTech, Crowdfunding, Digital FinanceDigital Platforms and Economics