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Insights

September 12, 2017

Balancing Innovation and Compliance: The Regulatory Tortoise and the Technology Hare

By David F. Katz, James P. O'Hare

Corporate Compliance Insights

Reprinted with permission from Corporate Compliance Insights

In an article published on September 12, 2017 in Corporate Compliance Insights, Nelson Mullins partners David Katz and Jim O’Hare discuss the growing trend surrounding blockchain and what businesses need to know regarding compliance. “Blockchain has been trumpeted as a major step forward in refining the internet and related commercial and governmental commerce,” Mr. Katz and Mr. O’Hare explain. They discuss the technology and security behind this phenomenon: “First and foremost, blockchain utilizes a ‘ledger’ and is alternatively referred to as ‘distributed ledger technology,’ just like a green paper of rows and columns – a long-standing approach for tracking ownership and transactional information. For companies considering adoption of this technology, careful planning and consultation with experts should be an early part of the business plan.”