Blockchain: The Future of All Data
By Mario Iskander
This comment is organized in four parts. Part I describes how Privacy Policies and Terms of Conditions are difficult to understand and inherently incomplete. It provides an overview of the legal landscape for these types of contracts, identifying some of the legal hurdles companies have to maneuver to be able to use these contracts online. Part II gives a further overview and describes the Ricardian contract and how blockchain will improve the lives of consumers by laying an initial background then illustrating the technical and useful sides of these technologies. Part III reviews the rules existing in federal law, describing what they do and how they interact with each other,
with the addition of some cases that have arisen regarding medical devices (“mdevices”). Part IV describes some of the gaps that federal regulation has created and how some States have filled in these gray areas of law.