Mike Kanovitz, the CEO of on-chain enforcement tool Jurat argues that law enforcement should be brought into blockchains.
Speaking to Cointelegraph, Mike Kanovitz, the founder and CEO of Jurat said the judicial order was the first of its kind.
The Jurat blockchain was launched in late 2022, formed via a fork of the Bitcoin blockchain. The technology connects blockchain nodes with court dockets to enforce court orders. Kanovitz admits that such technology will likely garner criticism from die-hard supporters of decentralization.However, the Illinois-based lawyer said such technology could bring the necessary due process protections for digital assets, which will be key to mainstream adoption.
"Some of the people who currently think that there should not be effective law enforcement on-chain would feel differently if they got hacked, defrauded, or lost their private keys. Then they would be relieved that they can recover their property," he expla, according to a June 30 report by blockchain security firm Beosin.Total losses from hacks, phishing scams, and rug pulls in Web3 reached $655.61 million in the first half of 2023.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mike Miles' NRG show was humiliating for teachers (Opinion)If Mr. Miles wants the community on his side, maybe he should take a little time to...
Read more »
'The Mike Miles Show': HISD superintendent pokes fun at recent issues in musical pep rallyOne student who performed in the show told ABC13 that she felt misled, noting that Miles wasn't a part of rehearsals until the day before, saying this factor changed the context of the so-called jokes.
Read more »
Talking the Tropics With Mike: T.S. WARNING for S. California...several Atlantic tropical wavesAn overview of what's going on in the tropics....
Read more »
GOP Rep. Mike Turner on 'concerns' with appointment of special counsel in Hunter Biden probeRepublican Rep. Mike Turner, the chair of the House Intelligence Committee, tells 'Face the Nation' that he has 'concerns' with the appointment of David Weiss as special counsel overseeing the Hunter Biden investigation, including that Weiss allowed the statute of limitations to expire in Delaware on possible charges that could have been filed against Hunter Biden.
Read more »
Sarah Hyland Reacts When Love Island's Mike Calls Her 'Disrespectful'Sarah Hyland clapped back after ‘Love Island USA’ contestant Mike Stark thought she was being ‘mad disrespectful’ during the Friday, August 18, dumping
Read more »
Mike Pence thinks Trump might still make it to the first debate“One thing I realized about him, it's not over till it's over,” the former vice president said.
Read more »