Blockchain's main characteristics present many challenges to the legal and regulatory framework and organizations that want to develop a decentralized application on a blockchain also face a new set of risks and issues. What are they and how can organizations mitigate them?

Blockchain, or distributed ledger technology (DLT), is a tamper-evident and tamper-resistant digital ledger implemented in a distributed fashion.

This emerging technology, which enables direct transactions within a ledger without need for a central authority or trusted intermediary, has the potential to re-engineer economic models and enable the creation of markets and products previously unavailable or unprofitable across emerging markets.