RJA Bakalaura darbi / RGSL Bachelor Thesis

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https://dspace-dev.lu.lv/handle/7/1059
Rīgas Juridiskās augstskolas studentu bakalaura darbi (kopš 2018.gada).

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Browsing RJA Bakalaura darbi / RGSL Bachelor Thesis by Subject "Blockchain"

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    Blockchain and the General Data Protection Regulation: implementation and regulatory challenges
    (Riga Graduate School of Law, 2022) Matisons, Ernests; Priede, Jānis; Riga Graduate School of Law
    The rapid development of areas where blockchain technology is used has gotten a lot of attention in recent years. Users of the blockchain can make payments over a decentralized network, which eliminates the need for third parties and a central authority. One of the main characteristics of the blockchain is data immutability, which makes this possible. However, the EU General Data Protection Regulation may contradict with this principal benefit. Some of the rights defined in the GDPR may be challenged by the decentralized nature and immutability of the blockchain. Furthermore, because the data is processed by many users around the world, finding a data processor to correctly exercise the GDPR's data subject rights can be difficult. The link between GDPR and blockchain technology is investigated in this bachelor thesis. In particular, if the Regulation is applicable and compatible with the blockchain network. The existing challenges are highlighted and possible solutions to be compliant are proposed.
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    Regulating smart contracts: the future of contract law or simply technical innovation
    (Riga Graduate School of Law, 2022) Vasiļevska, Alīna; Točelovska, Nataļja; Riga Graduate School of Law
    While the development of global smart contracts’ market size is forecasted to reach USD 300 million by 2023, in comparison with USD 144.95 million in 2020, legally smart contracts remain a challenging area of contract law.1 The desire of states to create a legislative framework for smart contracts, thus willing to attract investors, develop digital financial assets and the country’s economy as a whole, but at the same time, the lack of research carried out in the field of smart contracts regulation highlight the topicality of this research. The study addresses the issues of forming a system of legal regulation of a smart contract and determines its place in modern contract law. By analysing the existing theoretical and legal framework of smart contracts in the European Union and beyond, the study aims to formulate recommendations on the prospects for legislative regulation of smart contracts and their implementation into legal reality. The results indicate that a smart contract can be considered as the new form of a digital contract and there are no major obstacles for its application within the existing legal framework, nevertheless, the concept of the smart contract still needs to be further defined more clearly and specifically at the legislative level since insufficiently thought-out regulation will hide the development of this phenomenon.
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    “Right to erasure” and private blockchain in the European Union: legal requirements and technical possibilites
    (Riga Graduate School of Law, 2020) Valpītere, Marina; Kipker, Dennis Kenji; Riga Graduate School of Law
    Blockchain, serving as one of the most complex networks used within an organization may be regarded as challenging for the applicability and realization of the General Data Protection Regulation Article 17, which gives the data subject right to erasure or a “right to be forgotten” to ones’ personal data. The immutability and decentralized character of the system does not prescribe the erasure of personal data on the chain, as well as poses problems in determining the competent authority responsible for data protection compliance, when the data subject needs to exercise its rights under the GDPR. The thesis examines whether the compliance with the General Data Protection Regulation’s Article 17 could be ensured while using private blockchain within an organization, by determining the authorities responsible for the compliance in decentralized system, and, examining the conditions when immutability may allow for data erasure. Thus, proposing possible solutions and developing the guidelines for businesses how to mitigate the enforcement of the Regulation regardless of technological pattern of private blockchain.