Analysis

Blockchain Not Ready For The Big Time In War On Fraud

Law360, London (March 27, 2019, 11:05 PM GMT) -- Financial services companies are looking to blockchain as the solution to a problem — how to store information securely to prevent fraud — but supporters of the technology may be overestimating how quickly it will overcome regulatory hurdles to help compliance departments.

Developers have promoted the ability of blockchain to create records that cannot be edited as a tool for cracking down on corruption within businesses, which are vulnerable to inefficient and outdated compliance methods. Regulators are willing to fine companies that do not get fraud prevention right, as Swiss bank UBS AG found to its cost in February.

The immutable nature of the distributed...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!