Regulatory and Legal Implications on Harnessing Blockchain-Digital Twin Fusion for Sustainable Investments
Oindrilla Ghosh, Binod Kumar, Muhammad Sharif, Jyoti Siwach · Advances in finance, accounting, and economics book series · 2024
The book chapter provides an overview of the regulatory and legal implications surrounding the integration of blockchain technology and digital twins for sustainable investments. The fusion of these technologies offers immense potential for transparency, accountability, and efficiency in achieving sustainable economic and environmental goals. However, it also introduces several challenges which need to be addressed in order to ensure a secure and reliable environment for investors. It also explores the regulatory frameworks required to balance transparency and privacy, the enforceability and interpretation of smart contracts, tokenization regulations, cross-border investments, and cybersecurity considerations. Through an analysis of these implications, it becomes evident that collaboration between governments, regulatory bodies, and industry stakeholders is crucial in developing comprehensive frameworks that protect investor rights while embracing the benefits of blockchain-digital twin fusion.