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Early Regulations of Distributed Ledger Technology/Blockchain Providers: A Comparative Case Study

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Item Summary Scholl, Hans Jochen Pomeshchikov, Roman Rodríguez Bolívar, Manuel Pedro 2020-01-04T07:30:49Z 2020-01-04T07:30:49Z 2020-01-07
dc.identifier.isbn 978-0-9981331-3-3
dc.description.abstract Distributed Ledger Technologies (DLTs) such as Blockchain have been heralded for their potential to fundamentally disrupt traditional industries and longstanding practices in private and public business-es. In the financial sectors, for example, quite a number of novel financial technology (fintech) services based on DLT/Blockchain have been introduced with cryptocur-rencies representing prominent cases. While the already highly regulated financial sectors have emerged as ear-ly targets for DLT/Blockchain induced disruption, a diverse set of other areas, such as healthcare record keeping, insurance record keeping, industrial and retail supply chain management, property registries, citizen identification systems, and voting systems to name a few, has also come into the focus of DLT/Blockchain innovation. These new types of services might be in need of both complementary and novel regulations for DLT/Blockchain-based services. Interestingly, smaller jurisdictions such as Bermuda, Gibraltar, Malta, and Liechtenstein were among the first to provide advice and regulation for DLT/Blockchain service provisions. The study compares these early regulatory approaches to each other and discusses the prospects of DLT/Blockchain service regulation based on the study’s findings. DLT/Blockchain service regulation appears to incorporate predominantly principle-based rather than rule-based regulations, which makes the regulation en-forcement a uniquely individual case-based task.
dc.format.extent 10 pages
dc.language.iso eng
dc.relation.ispartof Proceedings of the 53rd Hawaii International Conference on System Sciences
dc.rights Attribution-NonCommercial-NoDerivatives 4.0 International
dc.subject Blockchain, DLT, Tokenization, and Digital Government
dc.subject distributed ledger technology
dc.subject blockchain
dc.subject token economy
dc.subject regulation
dc.subject digital government
dc.title Early Regulations of Distributed Ledger Technology/Blockchain Providers: A Comparative Case Study
dc.type Conference Paper
dc.type.dcmi Text
dc.identifier.doi 10.24251/HICSS.2020.218
Appears in Collections: Blockchain, DLT, Tokenization, and Digital Government

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