The Predicted End of Fiat Currencies
Billionaire and crypto investor Tim Draper envisages a radical overhaul in payment systems; predicting that cryptocurrencies will replace fiat currencies within the next five years.
The Way Forward: Gender Neutrality and Gender Inclusion
The principle of equality between men and women is a fundamental value constantly on the European Union’s agenda. Ample EU institutes, programmes, and legislation provide for gender equality, and case law of the Court of Justice of the European Union (‘CJEU’) reaffirms the progress made in this respect. On a member state level, the enactment …
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Immutability in a smart contract: a blessing or a curse?
Smart contracts are contracts which are written in computer code on a blockchain according to the terms set out by the parties to such contract and which are self-executing in the manner pre-determined by said code.
Call for AML Regulation for Cryptocurrencies
Ever since the creation of Bitcoin, cryptocurrencies have been applauded and welcomed for constituting an innovative method of payment without any recourse to financial institutions and their entailing bureaucracy. While honest individuals rejoiced at cryptocurrencies’ legitimate benefits; ranging from an increased degree of privacy and confidentiality to less transactional costs, cybercriminals saluted the decentralised networks …
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Blockchain – Sifting Sense from Sensation
The whirling hype of blockchain and the race to benefit from its instant click efficiency and spiralling profitability continues to generate truckloads of excitement. It is rocking captains of industry and the maritime sector is on the front line of all the buzz. But what really lies behind the seductive spin?
Better Legal Insights Through Technology
The legal profession has evolved at an unprecedented speed. Technology and new emerging tools harnessing artificial intelligence and data visualization all help legal professionals now uncover valuable insights. It is almost impossible to attend a conference today and not encounter multiple discussions about artificial intelligence (AI). Many in the legal profession have begun to assume—that …
Blockchain Technology Vs. Gdpr: Conflict Resolution Required
Authors; Dr Jean-Pie Gauci-Maistre Despoina Xynou Dr Daniela Gaffarena The General Data Protection Regulation (GDPR) as well as blockchain technology may both be lauded for having reached evolutionary milestones in their respective fields of data privacy and innovative technologies. Combining these fields is however giving rise to unprecedented concerns. Although GDPR and blockchain technology protect …
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Drones Without Groans
Soaring. Flying. Whirling. Hovering. Diving. Landing. All at the press of a button. Civil drones are the 21st century dancers in the sky. Tech savvy consumers have fallen in love with them and the romance is set to endure as technological advances have jaw-dropping models hit the market every few months. DJI Mavic 2, Mavic …
How beneficial owners registers aim to curb money laundering and tax evasion
With more complicated company structures being used, it has become increasingly more difficult to establish who the ultimate beneficial owners of entities are. In light of the new regulation, do you believe that the Ultimate Beneficial Ownership (UBO) Register can help in any way to prevent financial crime?
Gearing up for a technological revolution
Bitcoin has raised the question of whether computer code, rather than a central bank, should control the money supply. But is it desirable for society to allow a digital money system which enables its users to operate outside the remit of the law, unlike physical cash which is more regulated.