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Blockchain technology

Blockchain technology

Advice on legislation or legal policy issues contained in this paper is provided for use in parliamentary debate and for related parliamentary purposes. This paper is not professional legal opinion.
Research Snapshot 01/2018 by Chris Angus

​This paper discusses the new technology known as the 'blockchain'. It aims to demystify the blockchain by explaining how it works, outlining current and potential uses, as well as noting the potential risks and challenges this technology may pose to policymakers.


The Parliament of New South Wales acknowledges and respects the traditional lands of all Aboriginal people, and pays respects to all Elders past and present. We acknowledge the Gadigal people as the traditional custodians of the land on which the Parliament of New South Wales stands.