The Blockchain Revolution: An Analysis of Regulation and Technology Related to Distributed Ledger Technologies

27 Pages Posted: 12 Oct 2016 Last revised: 5 Jan 2017

See all articles by Hossein Kakavand

Hossein Kakavand

Stanford University

Nicolette Kost De Sevres

Mayer Brown; DLA Piper; University of Montreal - Faculty of Law; NYSE Euronext

Bart Chilton

DLA Piper

Date Written: January 1, 2017

Abstract

Blockchain is on the verge of revolutionizing how we interact in the digital world. It has far reaching applications from the Financial industry to many other sectors of the economy. The question is what is Blockchain, what are the underlying concepts, what is the current state of technological implementation and the current state of its regulatory landscape. While the aswers to these questions take multiple volumes of articles by a vast array of experts in numerous related fields, in this article we will address these questions and provide some basic answers. For those active in the general Blockchain and Digital currency space, from the academic, technology, industry, legal or other points of view, it is important to have a broad overview of the space in general.

We provide a general description of Distributed Ledger Technology, Blockchains, Blockchain Technology and Digital Currencies, discuss the associated basic concepts and definitions and the interplay between these concepts. We discuss Blockchain Technical Concepts and infrastructure Implementations, their tradeoffs, benefits, limitations and metrics by which the performance these implementations are measured. We also address the concept of Permissioned Blockchains. In addition we discuss a number of practical applications of Blockchains beyond the financial industry applications.

Keywords: Blockchain, Digitial Currency, Virtual Currency, Technology, Regulation, regulatory, FinTech, DLT, cryptocurrencies, financial regulation

Suggested Citation

Kakavand, Hossein and Kost De Sevres, Nicolette and Chilton, Bart, The Blockchain Revolution: An Analysis of Regulation and Technology Related to Distributed Ledger Technologies (January 1, 2017). Available at SSRN: https://ssrn.com/abstract=2849251 or http://dx.doi.org/10.2139/ssrn.2849251

Hossein Kakavand (Contact Author)

Stanford University ( email )

Stanford, CA 94305
United States

Nicolette Kost De Sevres

Mayer Brown ( email )

1675 Broadway
New York, NY 10019
United States

DLA Piper ( email )

500 8th st NW
Washington, DC 20001
United States

University of Montreal - Faculty of Law ( email )

Montreal, Quebec H3T 1B9
Canada

NYSE Euronext ( email )

1 Wall Street, NY 10005 US
39 Cambon
Paris, 75001
France

Bart Chilton

DLA Piper

Washington, DC
United States

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