alerts & publications
Blockchain Tech News: How Blockchain Fits in the Privacy Legal LandscapeSeptember 2, 2019
O’Melveny’s Scott Pink wrote this piece, which is the first of a number of articles that will look at blockchain tools and the developing legality of privacy in regards to the technology.
“Blockchain and distributed ledger technologies are poised to revolutionize the way we transact business, from making payments to conducting transactions to entering contracts. They enable decentralized, user-centric services that can create a shared, immutable ledger for recording a history of transactions ... At the same time, government regulators have been increasingly demanding that technology companies consider consumer privacy while designing their technologies ... These two trends are on a collision course in that the decentralized nature of blockchain and distributed ledgers is viewed as incompatible in many ways with the principles of transparency and control that are the hallmarks of recent privacy legislation. However, with the proper approach by both industry and regulators, these technologies can comply with and even enhance most of the protections contemplated by the new privacy regulations.”
Thank you for your interest. Before you communicate with one of our attorneys, please note: Any comments our attorneys share with you are general information and not legal advice. No attorney-client relationship will exist between you or your business and O’Melveny or any of its attorneys unless conflicts have been cleared, our management has given its approval, and an engagement letter has been signed. Meanwhile, you agree: we have no duty to advise you or provide you with legal assistance; you will not divulge any confidences or send any confidential or sensitive information to our attorneys (we are not in a position to keep it confidential and might be required to convey it to our clients); and, you may not use this contact to attempt to disqualify O’Melveny from representing other clients adverse to you or your business. By clicking "accept" you acknowledge receipt and agree to all of the terms of this paragraph and our Disclaimer.