Affiliation:
1. Independent Researcher, India
Abstract
This chapter looks at blockchain technology from a legal perspective and discusses the opportunities, risks, and challenges that surround the use of this technology. It adopts a three-pronged approach to discussing blockchain technology, how it can be leveraged, and the challenges that must be addressed before it can be adopted. The three areas of discussion are 1) legal and regulatory compliance issues; 2) the various business applications, possible risks, and how they are addressed, and 3) the possibilities for harnessing this technology for well-being and welfare of the general public.