BLOCKCHAIN
COUNSEL
Interesting article on blockchain as applied to the energy industry
The energy industry can benefit a great deal from blockchain...
Read MoreUK Tax Aut. explains taxation of crypto-transactions
The United Kingdom Tax authorities (HM Revenue & Customs, HMRC)...
Read MoreHK Securities & Futures Commission issues rules for crypto funds
Hong Kong Securities and Futures Commission, the “Hong Kong SEC”...
Read MoreWHY BLOCKCHAIN?
“Blockchains are tamper evident and tamper resistant digital ledgers implemented in a distributed fashion (i.e., without a central repository) and usually without a central authority (i.e., a bank, company, or government).” D. J. Yaga, P. M. Mell, N. Roby, K. Scarfone, Blockchain Technology Overview.
Many industries can benefit from blockchain; this is often the case for example when your system is very complex because of the need of intermediaries, when your needs to reckoned with multilateral transactions, or when more transparency among the parties would be beneficial (e.g., in a supply chain): this is also the case when the system generates (or could generate) mistakes as a consequence of manual processing that could be automated or from more than one person doing the same step in two different settings, etc.
More generally, you should think of blockchain where the guarantee of provenance and immutability of records is a value.
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