Publication:
Blockchain and Associated Legal Issues for Emerging Markets

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dc.contributor.authorSalmon, John
dc.contributor.authorMyers, Gordon
dc.date.accessioned2019-02-01T21:53:05Z
dc.date.available2019-02-01T21:53:05Z
dc.date.issued2019-01
dc.description.abstractBlockchain, or distributed ledger technology (DLT), is a tamper-evident and tamper-resistant digital ledger implemented in a distributed fashion.1 This emerging technology, which enables direct transactions within a ledger without need for a central authority or trusted intermediary, has the potential to re-engineer economic models and enable the creation of markets and products previously unavailable or unprofitable across emerging markets. However, in considering the potential benefits of blockchain, organizations must also consider the associated risks and how they can be managed. These risks include jurisdictional challenges, crypto assets, privacy and data protection, double spending, and distributed denial-of-service (DDoS) attacks. Several risks have been identified and overcome at similar innovative leaps in the recent past, including the commercialization of the Internet and cloud computing. It is essential that enterprises understand all risks inherent in blockchain systems, including being able to clearly identify who is accountable and legally responsible.en
dc.identifierhttp://documents.worldbank.org/curated/en/658041547845804080/Blockchain-and-Associated-Legal-Issues-for-Emerging-Markets
dc.identifier.doi10.1596/31202
dc.identifier.urihttps://hdl.handle.net/10986/31202
dc.languageEnglish
dc.publisherInternational Finance Corporation, Washington, DC
dc.relation.ispartofseriesEMCompass;Note 63
dc.rightsCC BY-NC-ND 3.0 IGO
dc.rights.holderInternational Finance Corporation
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.subjectBLOCKCHAIN TECHNOLOGY
dc.subjectDISTRIBUTED LEDGER TECHNOLOGY
dc.subjectEMERGING MARKET ECONOMIES
dc.subjectDATA PRIVACY
dc.subjectCRYPTO ASSETS
dc.subjectLEGAL RESPONSIBILITY
dc.subjectACCOUNTABILITY
dc.subjectLEGAL JURISDICTION
dc.subjectSMART CONTRACTS
dc.subjectTAXATION
dc.subjectREGULATION
dc.subjectGOVERNANCE
dc.subjectBANKING REFORM
dc.titleBlockchain and Associated Legal Issues for Emerging Marketsen
dc.typeBriefen
dc.typeFichefr
dc.typeResumenes
dspace.entity.typePublication
okr.crossref.titleBlockchain and Associated Legal Issues for Emerging Markets
okr.date.disclosure2019-01-18
okr.doctypePublications & Research
okr.doctypePublications & Research::Brief
okr.docurlhttp://documents.worldbank.org/curated/en/658041547845804080/Blockchain-and-Associated-Legal-Issues-for-Emerging-Markets
okr.guid658041547845804080
okr.identifier.doi10.1596/31202
okr.identifier.externaldocumentum090224b0868988b8_1_0
okr.identifier.internaldocumentum30771006
okr.identifier.report133877
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/658041547845804080/pdf/133877-EMCompass-Note-63-Blockchain-and-Legal-Issues-in-Emerging-Markets.pdfen
okr.topicFinance and Financial Sector Development::Anti-Money Laundering
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicFinance and Financial Sector Development::E-Finance and E-Security
okr.topicFinance and Financial Sector Development::Financial Structures
okr.topicInformation and Communication Technologies::ICT Applications
okr.topicInformation and Communication Technologies::Information Security & Privacy
okr.topicInformation and Communication Technologies::Information Technology
relation.isSeriesOfPublicationd31a649d-31bd-481d-8f47-6e9e412fc469
relation.isSeriesOfPublication.latestForDiscoveryd31a649d-31bd-481d-8f47-6e9e412fc469
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