Research on Legal Regulations of Blockchain

Mohong Liu

doi:10.54254/2753-7102/1/2021005

Research Article

Open access

Published on 22 December 2021

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Liu,M. (2021). Research on Legal Regulations of Blockchain. Advances in Social Behavior Research,1,33-40.

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Research on Legal Regulations of Blockchain

Mohong Liu *^,1,

¹ Macau University of Science and Technology

* Author to whom correspondence should be addressed.

https://doi.org/10.54254/2753-7102/1/2021005

Abstract

Blockchain is a chained data structure that combines data blocks in sequence in chronological order. It has the advantages of decentralization, immutability, distribution and transparency. Blockchain is mainly used in economy and finance, judicial practice, social governance, public welfare and charity, and other fields in China. As a new technology, the risks and challenges brought by blockchain include but are not limited to: algorithm security, convenience for crime, difficulty in determining jurisdiction, and inability to guarantee the right to be forgotten. To prevent blockchain risks requires to establish scientific algorithm rules, improve blockchain legislation, innovate regulatory measures, and establish a blockchain global governance system.

Keywords

risks and challenges, blockchain, legal regulations

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References

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Cite this article

Liu,M. (2021). Research on Legal Regulations of Blockchain. Advances in Social Behavior Research,1,33-40.

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About volume

Journal：Advances in Social Behavior Research

Volume number: Vol.1

ISSN：2753-7102(Print) / 2753-7110(Online)

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