BWC Member James S. Welch recently published an article on the implementation of blockchain for the storing and exchange of large-scale financial assets in the Law and Financial Markets Review Journal. He argues that more effective regulation is needed, pointing out three major flaws that could potentially lead to security risks, regulation oversights, and human error in companies that implement blockchain technology.

To read more at Taylor & Francis Online, click here.

All views expressed by members are their own and not reflective of the views of the Bretton Woods Committee.