Like what you've read?

On Line Opinion is the only Australian site where you get all sides of the story. We don't
charge, but we need your support. Here’s how you can help.

  • Advertise

    We have a monthly audience of 70,000 and advertising packages from $200 a month.

  • Volunteer

    We always need commissioning editors and sub-editors.

  • Contribute

    Got something to say? Submit an essay.


 The National Forum   Donate   Your Account   On Line Opinion   Forum   Blogs   Polling   About   
On Line Opinion logo ON LINE OPINION - Australia's e-journal of social and political debate

Subscribe!
Subscribe





On Line Opinion is a not-for-profit publication and relies on the generosity of its sponsors, editors and contributors. If you would like to help, contact us.
___________

Syndicate
RSS/XML


RSS 2.0

Ensuring the law is not bitten by Bitcoin

By David Balaban - posted Friday, 21 October 2016


Bitcoin is just the first app to use the Blockchain. Soon there will be others squeezing the most they can out of Blockchain.

Back in the 90s when the Internet first became widespread, no one would possibly have imagined that it would breed Facebook, Google, Uber, online streaming, etc.

This is where we are with the Blockchain now. There exists a whole world of opportunities out there.

Advertisement

In order to realize that potential, it's critical that law enforcement has the ability to chase down the individuals who use the Blockchain to break the law. We need to craft a Blockchain that is secure for legal commerce and is to the advantage everybody except criminals.

Although the Blockchain is revolutionary, it is really only the latest illustration of how law enforcement needs to innovate and adapt to new technologies.

Law enforcement agencies have a lengthy history of changing their procedures to pursue criminals who make use of the latest technology to commit crimes. Law enforcement managed to do it when pagers and fax machines were invented. The law has always found a way to evolve to address new tech challenges.

Knowing that, you could hardly say that Blockchain presents a unique problem to law enforcement.

With Blockchain still being in the embryonic stage, we have the opportunity to make it much easier for law enforcement to understand it better. At the same time, we need to implement improvements to make the Blockchain safer for commerce while making it harder for criminals to use.

Blockchain challenges

Advertisement

There are aspects of Bitcoin that make it difficult for the law to stay on top of. Law enforcement must interact with international partners who have their unique polices that makes it hard to work together.

It's tough to identify a user from a Bitcoin address. Being able to attribute a person to a virtual crime is the biggest challenge when investigating any cyber-crime. Prosecutors are trying to pin a certain IP or MAC address, or an email address, to a particular person. It's harder to do if someone is using multiple IP addresses, TOR, proxy, etc.

One more problem is that most email providers can't, nor is there any need to, validate the data their users give them. It is the issue with cell phone companies too.

  1. Pages:
  2. Page 1
  3. 2
  4. 3
  5. All


Discuss in our Forums

See what other readers are saying about this article!

Click here to read & post comments.

1 post so far.

Share this:
reddit this reddit thisbookmark with del.icio.us Del.icio.usdigg thisseed newsvineSeed NewsvineStumbleUpon StumbleUponsubmit to propellerkwoff it

About the Author

David Balaban is a computer security researcher with over 10 years of experience in malware analysis and antivirus software evaluation. David runs the Privacy-PC.com project.

Other articles by this Author

All articles by David Balaban

Creative Commons LicenseThis work is licensed under a Creative Commons License.

Article Tools
Comment 1 comment
Print Printable version
Subscribe Subscribe
Email Email a friend
Advertisement

About Us Search Discuss Feedback Legals Privacy