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Hogan Lovells Blockchain Hub

Your global guide to developing regulatory requirements within the financial services industry sector & beyond

John Salmon, Partner and Global Head of Blockchain, Hogan Lovells

Originally published in the GDF Annual Report 2020

Blockchain technology could revolutionize supply chains, agreements, contracts, currencies, and more. With the Hogan Lovells Blockchain Hub, you can take advantage of the technology’s huge potential and disruptive impact, while avoiding falling foul of ever-developing regulatory and legal requirements.

The finance industry is arguably one of the sectors to be the greatest beneficiary of blockchain technology. With characteristics of an immutable ledger, real-time tracking, and a single version of the truth, it is ideal for the future of the financial services industry. Some of the ways blockchain technology can support financial services companies are in the exchange of cross-border payments and P2P transfers, securities trading, Know Your Customer — client identity verification, recordkeeping, and crowdfunding, among others. The immutable ledger will be able to trace every transaction and be able to ascertain what is valid and invalid. At the same time, it will be able to prevent the duplication of records and operate at a speed the industry has yet to experience or truly monetize on.

While the benefits of blockchain technology outweigh the challenges, the legal challenges cannot be ignored and will need to be thoughtfully considered and addressed promptly. Many of these challenges stem from new and evolving multi-jurisdictional regulations. Governments adopt individualized, unique regulations on blockchain and digital assets, such as GDPR, and these will affect blockchain configurations and how you conduct business domestically and globally. Our Blockchain Hub and lawyers can assist financial services industry players in navigating the regulatory landscape and latest legal developments, ensuring that efforts and adoptions are compliant with any current and future regulatory and business needs.

The Blockchain Hub covers:

  • 300+ regulators
  • 120+ jurisdictions and supranational organizations
  • 20+ applications, topics, and industry sectors

Use the Hub to:

  • Keep up to date with the latest legal and regulatory developments
  • See where blockchain is shaking up industries
  • View the legal positions and restrictions for cryptocurrency and the FATF travel rule in various countries
  • Compare regulatory developments across the world and see how regulatory approaches are evolving over time
  • Create bespoke reports with developments across multiple countries
  • Access useful blockchain resources, including reports, in-depth articles, and more

Explore the Blockchain Hub here

Read more from industry leaders, regulators, and policy makers in our Annual Report 2020 here.

Press date : 18.02.2020