Blockchain's Treacherous Vocabulary: One More Challenge for Regulators

Journal of Internet Law, Vol. 21, No. 2, Aug. 2017.

11 Pages Posted: 25 Jun 2018

See all articles by Angela Walch

Angela Walch

St. Mary's University School of Law; UCL Centre for Blockchain Technologies

Date Written: July 1, 2017

Abstract

This paper explores the muddled, contested, and fluid vocabulary around blockchain technology, and the difficulties the problematic vocabulary raises for regulators and others seeking to understand and evaluate the technology. Failure to fully understand the technology can lead to inappropriate adoption of the technology in critical systems and flawed regulatory decisions. The paper recommends a detailed critical approach for regulators and others to take to fight through the vocabulary barriers.

Keywords: blockchain, DLT, distributed ledger technology, regulation, regulatory capture, regulatory arbitrage, regulation of innovation, shared ledger technology, terminology, standards

Suggested Citation

Walch, Angela, Blockchain's Treacherous Vocabulary: One More Challenge for Regulators (July 1, 2017). Journal of Internet Law, Vol. 21, No. 2, Aug. 2017., Available at SSRN: https://ssrn.com/abstract=3019328

Angela Walch (Contact Author)

St. Mary's University School of Law ( email )

One Camino Santa Maria
San Antonio, TX 78228-8602
United States

UCL Centre for Blockchain Technologies ( email )

Gower Street
London, WC1E 6BT
United Kingdom

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