Blockchain: The Good, the Bad and the Legal


Blockchain & Cryptocurrency
,
Next-Generation Technologies & Secure Development

Attorney John Salmon Assesses Cybersecurity Applications for Blockchain

Attorney John Salmon, partner, Hogan Lovells

As organizations investigate public and private blockchains to secure transactions and facilitate peer-to-peer transactions, they must ensure they know who’s responsible, what the system is doing, what the cybersecurity and legal risks are and who’s managing it, says attorney John Salmon.

See Also: Live Webinar | Fraud Prevention for Banks: Top 10 Tech Requirements to Evaluate

“The key thing to remember is that it’s an auditable, irrevocable, tamper-proof, distributed ledger,” he says. “So it is much harder for people to hack into and much harder for people to change your records.”

But that does not mean that this nascent technology comes free of risks, he warns.

In a video interview at Information Security Media Group’s recent Security Summit: London, Salmon discusses:

  • Potential upsides offered by using blockchains;
  • Areas of concern, including fraud, hacking of data – before it gets added to the blockchain – and 50/50 attacks;
  • Data protection and cybersecurity regulations and other legal challenges associated with using blockchain;
  • Public versus private blockchains.

Salmon is a partner in Hogan Lovells’ corporate practice group and works in the financial institution and technology, media and telecom sectors. He was previously a partner at Pinsent Masons, where he headed its financial services and insurance sector operations, among other “fintech” roles. His work covers IT procurement and outsourcing, cloud projects, cybersecurity, mobile payments and digital platforms.

http://platform.twitter.com/widgets.js



Published on: 2018-11-07 05:52:05

Disclaimer: This article has been automatically fetched from Google RSS feed. All contents including media files belong to Original Source.

Discuss Further

 

 

Latest Posts

Is Cryptocurrency the Best Use Case For Blockchain? – BTC Wires
March 26, 2019
MEDIKEY, Blockchain to Reward Participants for Sharing Health Information and Becoming Healthy, Launches Main Net – Business Wire
March 26, 2019
Paris Blockchain Week Summit Shows French Regulatory Climate Beginning to Thaw – Bitcoinist
March 26, 2019
FIO welcomes Infinito as Asian crypto projects address blockchain usability – Bankless Times
March 26, 2019
How blockchain is becoming the 5G of the payment industry – Computerworld
March 26, 2019

Related Posts

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.