Jusletter IT

Even though it’s not entirely clear how severely the law will be affected by it medium-term, Blockchain technology is a topical issue of lively debate. In the financial market, the thin end of the wedge is virtual currencies. But further areas should follow soon: if the law, for example, permits the establishment of trading platforms or registries on the Blockchain, new technology might offer a cost-efficient alternative, provided that data is saved and transmitted securely and genuinely. For the future, the requirement for legal actions emerges; the governor would therefore be well advised to meet the challenges in due time. (ah)