WHAT WEB3 AND THE BLOCKCHAIN REVOLUTION MEAN FOR LAW ENFORCEMENT

On 18 August, an article on the Government Communications Network explained that the foundational technology of Web3 is the blockchain, a distributed public ledger that records information, including cryptocurrency transactions, non-fungible token (NFT) and smart contracts. Information is maintained using a network of decentralised nodes, which require a consensus to add new records.  It warns that a decentralised internet is an opportunity for criminals and terrorists to exploit an unregulated, anonymous and decentralised landscape.

https://gcn.com/emerging-tech/2022/08/what-web3-and-blockchain-revolution-mean-law-enforcement/376041/

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017