Our global blockchain team has published a global legal and regulatory guide titled ‘Unlocking the blockchain’.
Interest in blockchain technologies has grown dramatically over the last twelve months.
This has triggered growth in investment in businesses operating in this area and marked engagement from all industry sectors (and financial institutions in particular) in blockchain technologies and their disruptive potential. Such engagement has led to the development of increasingly sophisticated proof-of-concept use cases and notable live deployments.
In view of these developments, we have produced a new global legal and regulatory guide to blockchain technologies in which we explore the regulatory considerations and a range of other legal issues that should be taken into account with any proposed deployment. The guide will be published in a series of chapters, with the first one covering ‘an introduction to blockchain technologies’ that we invite you to read.
Chapter 1: An introduction to blockchain technologies
Blockchain technologies are receiving a great deal of attention from businesses across a broad range of industry sectors, and for very good reasons.
In this first chapter we consider the circumstances in which the deployment of blockchain technologies is likely to deliver significant value and the potential impact of the new technologies upon various industry sectors (and horizontally across multiple sectors). We outline the nature of blockchain technologies, survey the current state of the vendor landscape and current investment trends, and examine potential obstacles to adoption. We also outline the key legal and regulatory issues (and deal with many of these in more detail in later chapters of this Guide). Finally, we consider the implications for businesses.
We invite you to read the first chapter which can be downloaded here. The subsequent chapters will only be available to contacts who have registered.
Chapters in the series:
- an introduction to blockchain technologies
- the regulatory considerations
- the IP and IT issues
- litigation and dispute resolution considerations
- competition / anti-trust issues
- tax considerations
- digitizing the insurance value chain
- clearing and settlement
- securitisation and trade receivables finance
- identity (including data privacy issues)
- supply chain management
- DAOs (decentralised autonomous organisations)
If you would like to discuss any aspect of this topic further, please get in touch.
EU Taxonomy Regulation and aviation: A transition to sustainability
On 5 April 2023 the long-awaited draft amendment to Delegated Act EU 2021/2139 including draft technical screening criteria in Annex 1 (the Draft Delegated Act) was published by the European Commission heralding the inclusion of aviation as a transitional activity within the EU Taxonomy Regulation. Following consultation, the draft was then updated on 13 June 2023 and published as part of the European Commission’s sustainable finance framework.
Financial Reporting Council call for evidence regarding UK’s endorsement of the recently issued Sustainability Standards
The Financial Reporting Council (FRC) has issued a call for evidence (the Call for Evidence) to collect views regarding the proposed endorsement by the UK government in respect of the first two IFRS Sustainability Disclosure Standards issued by the International Sustainability Standards Board (ISSB) in June 2023.