Blockchain and law (Fraunhofer FIT)
The Blockchain Reallabor NRW project, funded by the Ministry of Economic Affairs, Innovation, Digitalization and Energy of the State of North Rhine-Westphalia, is concerned with identifying and researching practical use cases for blockchain solutions in the Rhenish mining area and beyond. As part of the interdisciplinary research project, nine consortium partners are developing and analyzing potential future practical projects in the fields of energy, finance, production, supply chain and public services. The necessary framework conditions must also be in place for the technology to be used successfully. The existing framework conditions are examined and the need for adaptation is determined in the cross-sectional areas of law, security, technology, business models, scenarios and trends.
From a legal perspective, a wide variety of often novel questions can arise. For example, the development of GDPR-compliant applications is key, which is a challenge due to the characteristics of the blockchain as a distributed and fundamentally unchangeable database.
Further information and publications can be found on the project website: https://blockchain-reallabor.de/. Elisaweta Rabovskaja (ITM) provides brief information in the following video on YouTube.
Consortium partner:
- Institute for Internet Security – if(is)
- regio iT GmbH
- Chair of Finance and Banking at the Ruhr University Bochum
- Institute for Automation of Complex Power Systems at RWTH Aachen University
- Institute for Technology and Innovation Management at RWTH Aachen University (RWTH TIM)
- Machine Tool Laboratory WZL of RWTH Aachen University
- Fraunhofer Institute for Applied Information Technology FIT
- Fraunhofer Institute for Material Flow and Logistics IML
- Fraunhofer Institute for Technological Trend Analysis INT
