Paper 24/06/2019 -
Blockchain and the Law in the Context of Industrie 4.0
PLATFORM PUBLICATION - In its current publication, the Working Group on „Legal Framework“ addresses the question of the extent to which the existing legal norms can be applied to blockchain technology and which legislative gaps the legislator may have to close.
Decentralized blockchain technology is predestined for international use, especially in Industrie 4.0. Existing legal systems are national in structure and apply only in the individual national territories. There have hardly been any efforts made toward international standardization to date, for example, in parts of the EU. Blockchain participation and activities will require establishing national legal norms that encompass the validity and effectiveness of activities and their consequences. This working paper of the Working Group on "Legal Framework" of the Plattform Industrie 4.0 is dedicated to this topic.