Law.com Subscribers SAVE 30%
Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
Online Extra: Facebook's Blockchain Bet Could Place It in the Data Decentralization Debate
Fresh off the heels of controversy surrounding the sharing of user data with Cambridge Analytica, Facebook Inc. recently announced that it will begin exploring different ways to incorporate blockchain into its infrastructure. Yet questions remain over how the social media company will implement the technology and what sort of legal challenges doing so could portend.
News of the decision comes as Facebook announced the largest leadership change in the company's 15 year history. David Marcus, a Facebook vice president who formerly headed the company's Messenger division, wrote in a Facebook post that he'll take lead over a “small group” tasked with determining how to “best leverage blockchain across Facebook, starting from scratch.”
But what could such leveraging look like? Facebook said in an emailed statement that it has “nothing further to share” other than it's “exploring many different applications of the technology.” In a January Facebook post, however, CEO Mark Zuckerberg cited the “centralization v. decentralization“ of information enabled by blockchain as among the “most interesting questions in technology right now.” Zuckerberg also specified interest in studying cryptocurrency — digital currencies that are built upon blockchain and thus remove the need for banking institutions, governments and other third parties in transactions.
This premium content is locked for Entertainment Law & Finance subscribers only
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
- Stay current on the latest information, rulings, regulations, and trends
- Includes practical, must-have information on copyrights, royalties, AI, and more
- Tap into expert guidance from top entertainment lawyers and experts
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Legal Possession: What Does It Mean?
Possession of real property is a matter of physical fact. Having the right or legal entitlement to possession is not "possession," possession is "the fact of having or holding property in one's power." That power means having physical dominion and control over the property.
Removing Restrictive Covenants In New York
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?