Beyond the blockchain hype: addressing legal and regulatory challenges

Zhuk, Alesia

doi:http://dx.doi.org/10.1007/s43545-024-01044-y

Beyond the blockchain hype: addressing legal and regulatory challenges

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Citation

Zhuk A. Beyond the blockchain hype: addressing legal and regulatory challenges. SN Social Sciences. 2025;5:11. DOI: 10.1007/s43545-024-01044-y

Abstract

Blockchain technology has gained widespread attention and adoption in various industries. However, despite its potential benefits, there are still numerous challenges and issues that need to be addressed. This paper provides an overview of the legal, regulatory, and technical challenges related to the use of blockchain technology. It explores the challenges associated with privacy, data protection, and data security, and analyses the regulatory challenges and implications. Additionally, it identifies future challenges and issues that may arise in the field of blockchain technology, including the integration with emerging technologies such as the Internet of Things (IoT), artificial intelligence (AI), and big data. The paper concludes by discussing the need for collaboration among stakeholders and the development of comprehensive legal and regulatory frameworks to address the challenges and ensure the successful implementation of blockchain technology in various sectors.