Legal Aspects of Blockchain

Abstract

A common denominator of Blockchain prototypes developed by governmental organizations is that they will prompt questions from administrative superiors. The primary question upper management will ask is, “With what laws and reg- ulations must we comply if we want to open this service to the public?” More often than not, leaders of Blockchain pilots will not have a good answer to this question. This is because a large part of the legal community in the public sector has not yet dealt with legal questions surrounding Blockchain. However, a clear understanding of the legal implications involved will be required if Blockchain is to reach its full potential in the context of public administration and interna- tional organizations.