Blockchain will increasingly change how businesses operate in various industries and sectors, but this disruptive technology will undoubtedly continue to face legal and regulatory challenges as it becomes more widely accepted.
Smart contracts and DApps, in particular, will face an increase in legal scrutiny as the Federal and state government begin to establish legal standards. Blockchain, as a whole, will likely experience an added level of scrutiny as states around the US establish their own state data privacy laws like California (CCPA) and Virginia.
As even Tim Berners-Lee has recognised, the volume of data with which we’re being bombarded prevents us from engaging in genuine debate
On average, we check our smartphones 200 times a day – for emails, alerts, tweets or text messages. That’s before using any one of our phone’s multiple applications. It is a degree of connectivity to one another, and the world beyond, that is unparalleled. And it’s difficult to imagine life without it – to be so connected is to have access to instant knowledge, instant exchange, instant laughter and anger.