Written by Jason Rozovsky, Head of Legal, Interop Labs
1 July 2024 - Blockchain offers open networks as alternatives to regulated intermediaries
Blockchain technology represents an innovation in the custody of verified data – including ownership, transfer and settlement of assets. Financial institutions are adopting this technology to improve liquidity and access to financial products. A variety of architectures has emerged, including systems that rely at least in part on private, or permissioned, blockchains.
But a complex and fragmented blockchain environment presents a challenge for regulators how can they establish regulations that allow participants and institutions to access the benefits of blockchain at a global scale?
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