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Chris Jaikaran, Blockchain: Background and Policy Issues (Feb. 28, 2018) (full-text).


The rise of cryptocurrencies like Bitcoin and the use of Initial Coin Offerings to raise capital has drawn increased attention from both the public and private sector concerning the use of digital ledgers to conduct business (called blockchain technology) and its potential. Yet many remain unclear on what the technology actually is, what it does, and the tradeoffs for its use.

This report explains the technologies which underpin blockchain, how blockchain works, potential applications for blockchain, concerns with it, and potential considerations for Congress.