Investors and business leaders have recently been swept up in bitcoin-mania and the fluctuating cryptocurrency marketplace, but few have taken the time to understand the underlying technology that makes it all possible: blockchain. In order to realize the full potential of blockchain, companies must consider how future regulation might affect their ability to incorporate this technology into their business operations.

Finance traditionally has been quick to adopt cutting-edge technologies that increase security and efficiency. Other industries, including health care, supply chains and energy, are now also embracing blockchain as a way to replace paper-based processes. Blockchain can also be used by federal and state governments to ensure transparent elections, manage property titles and verify online identities, reducing the risk of identity theft. But every practical application of blockchain invites new regulation, and early adopters must consider how best to develop such technology that conforms to existing and anticipated regulation.

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