Blockchain-Concept Credit: Sashkin/Shutterstock.com Satoshi Nakamoto Bitcoin: A Peer-to-Peer Electronic Cash System Financial Conduct Authority (FCA) Industry Sandbox

…a safe space where a FinTech and a limited number of real consumers can engage in an “on-market” trial. Some of the regulatory requirements can be amended to create a bespoke framework for the duration of the trial where the normal regulatory consequences do not apply.

…a space for FinTechs and industry players to collaborate on new products and proof of concepts in an “off-market” environment without consumers. There are no regulatory implications from testing off-market, so creating a bespoke regulatory framework is not necessary. The sandbox environment can be used to simulate consumer behaviour to test and trial applications to a functional acceptance level desired by the organisation using the sandbox

Arizona's Regulatory Sandbox Regulatory Sandbox program Where is Blockchain Headed? Royal Bank of Canada is teaming with IBM Food & Drug Administration (FDA) signed a contract with IBM Conclusions about Blockchain Peter Vogel is Of Counsel with Foley & Lardner's Privacy, Security & Information Management practice. He advises clients both in trial and on transactional matters related to information technology, e-discovery, science and intellectual property. He can be reached at [email protected]. Edward “Eddie” Block is an associate with Foley & Lardner's Technology Transactions & Outsourcing practice. He is the former Chief Information Security Officer for the state of Texas, and has over 20 years of experience as an information security professional, primarily focused on the effects of new technology and emerging law on personal privacy at the state, federal and international levels. He can be reached at [email protected].