Blockchain technology—which was first introduced in 2008 in the context of the digital currency Bitcoin—is often seen as a trust producing technology that might make trustworthy intermediaries such as banks obsolete .
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Regulation- blockchains exist orthogonally to the law and can’t be easily overturned . In heavily regulated industries that require interpretation, blockchain could be difficult to effectively apply. It’s difficult to comply with all rules and often can’t be easily tailored to existing regulatory infrastructure.
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