New Blockchain Tech Allows On-Chain Legal Enforcement to Combat Crypto Fraud
• New blockchain technology from Jurat allows for legal enforcement actions like recovering stolen coins and freezing accounts directly on the blockchain.
• Jurat believes on-chain enforcement can help tackle fraud and scams, which has prevented crypto from mainstream adoption.
• Limited legal resources to police blockchain activity has led to most enforcement happening after alleged offenses occur.
• Jurat has already demonstrated success, with a U.S. court using their tech to block hackers from accessing crypto wallets.
• Critics argue on-chain surveillance goes against bitcoin's original vision of a decentralized system not controlled by any one entity.