Digital Bytes July 5th Edition with Jonny Fry / James Tylee featuring Sarah Green

How blockchain technology and DLTs are changing financial markets - whilst looking to be efficient as possible and drive the best returns for shareholders, regulated companies need also be mindful to preserve high risk management and compliance controls. Blockchains and DLTs are increasingly being seen as tools to help meet those goals which are often seen as juxtaposed and, in doing so, help regulators have greater transparency over financial markets. Full Article Here Blockchains and privacy - blockchains are used to record transactions, accounts and metadata. This data is open both to the public and active participants in a permissionless context so as to build trust. Yet other methods can make blockchain transactions and transaction history more private and reduce trust. Blockchain technology offers a new set of tools to combat data breaches, privacy and security threats, but there are still some challenges to address before we actually see a wider scale adoption of blockchains. Full Article Here Digital nomadism: is AI taking over? - since the advent of the gig economy, in particular its explosion during and post-COVID-19, the disruptive concept of the digital nomad has become more commonplace in today's culture. A 2023 report shows that the global gig economy generates $204 billion in revenue, with projections estimating it will grow annually by 17%. However, another disruptive revolution appears to threaten the foundations of the gig economy - AI. Whilst the exact outcomes of the AI revolution may be difficult to define, it is essential to determine how AI will affect this critical subsection of workers in the gig economy. Full Article Here Law Commission Final Report on digital assets - the Law Commission’s Final Report on digital assets concludes that the common law of England and Wales is ideally suited to accommodate them. The report provides detailed analysis of why this is the case, as well as suggesting narrow and targeted statutory reform to confirm the existence of a new category of property and to clarify the status of such assets for the purposes of taking collateral. The report also recommends that the UK government creates a specialist body made up of technical, commercial and legal experts in order to provide guidance on the way in which the relevant technology is evolving and the implications this will have for the application of legal principles.  Full Article Here