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ARTICLE · 24 JANUARY 2019

As Interest In Blockchain Technology Grows, So Do Attempts At Guidance And Regulation

Skadden, Arps, Slate, Meagher & Flom LLP
Skadden, Arps, Slate, Meagher & Flom LLP
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Skadden, Arps, Slate, Meagher & Flom LLP

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In 2018, the number of blockchain-enabled projects increased sharply as established companies sought to apply distributed ledger technology to their existing business models and startups developed new and...

United StatesTechnology
Alexander C. Drylewski
Alexander C. Drylewski
Eytan J. Fisch
Eytan J. Fisch
Stuart D. Levi
Stuart D. Levi
Jonathan Marcus
Jonathan Marcus
Eve-Christie Vermynck
Eve-Christie Vermynck

In 2018, the number of blockchain-enabled projects increased sharply as established companies sought to apply distributed ledger technology to their existing business models and startups developed new and disruptive models employing this technology. Projects have already been implemented in the financial services, insurance and supply chain fields, and important developments are taking place in blockchain-based identity services. As use of blockchain technology has expanded, regulators from a range of geographic and legal jurisdictions have struggled to apply laws and regulations that were drafted for business activities involving a clearly identifiable service "provider" to autonomous, decentralized platforms where the actual "provider" is not evident.

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