Export control and digitization

Export Control, Trade Compliance, Blockchain, Smart Contracts, DLT

Peter Henschel and Prof. Dr. Andreas Furrer have written an essay on the growing challenges in the area of sanctions in the digitalization of the economy. They especially focused on the special emphasis on blockchain-based applications (DLT) and Smart Contracts. It has been shown that structured processes with defined decision parameters for both areas are a necessary basis for a successful implementation. They allow efficient integration of export control, but the Board of Directors, Executive Management and Compliance Officer must accompany and shape the corresponding digital processes at an early stage.

Read the full essay here. (PDF, 93 Kb)

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