WHAT BLOCKCHAIN IMPLEMENTERS NEED TO KNOW ABOUT COMPLIANCE

Blockchain is widely heralded for its promise in streamlining operations, reducing frictional costs, and opening new markets and new business models.  But blockchain’s transparency, permanency of records, and amenability to real-time data analytics across a broadly distributed network provide greater opportunities for oversight as well as new models for engagement with regulators.  From HIPAA compliance to pharmaceutical supply chain requirements, to patient record requests to payments oversight and compliance, blockchain technology offers the potential for new models of oversight and compliance, as well as better cooperative engagement with regulators.

Alan Cohn, Of Counsel, Steptoe & Johnson LLP and Counsel, Blockchain Alliance