Ever since the publication of Satoshi Nakamoto’s white paper back in November 2008, “Bitcoin: A Peer-to-Peer Electronic Cash System,” the term “blockchain” has been synonymous with digital currencies in the sense of the underlying technology that allows for the transfer of value, peer-to-peer.
What’s interesting is that the term “blockchain” is not used once in that white paper. The purpose of the paper was to propose a solution to the core issue of double-spending a digital currency, which is the representation of a transfer of value directly between transacting parties, without the use of a central trusted third party.
Steve Billinghurst is regulatory lead at Digital Isle of Man, responsible for engaging with businesses and individuals interested in understanding how the island’s financial services regulatory framework impacts their digital business proposition. Steve’s role has also extended to maintaining an awareness and understanding of international crypto finance developments in key competitor jurisdictions and ensuring the Isle of Man its competitive position through ongoing review and update of its own legislative framework.
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