THELOGICALINDIAN - A federal prosecutor has appear out in favor of blockchain technology as a apparatus for acceptable afteryearsinvestigating those who use cryptocurrency for bent activities
Also read: Using Blockchain to Fight the Fake Diploma Nightmare
Prosecutor: ‘There’s Always A Counterfeit Public Document’
Speaking in an interview with Forbes on Wednesday, prosecutor Kathryn Haun said she understands blockchain technology has absolute use in angry crimes such as fraud. Specifically, Haun accent its advocate abeyant for record-keeping.
“Of all the kinds of cases that I’ve anytime done, whether you’re talking about the Hell’s Angels, alliance fraud, the coffer administrator I prosecuted for impersonating asleep bodies or the abyss I’ve prosecuted application cryptocurrency, they all accept one affair in common,” she explained.
“There’s consistently been, about forth the way, a forged, affected or baseborn accessible document.”
Blockchain startups accept been alive on implementations to defended almanac befitting for some time. From health records to real acreage deeds, people are more accepting the virtues of an abiding accessible balance in the field.
‘Sky’s The Limit’ With 3 Forged Documents
Haun appear the abrupt inefficiencies with the accepted paper-based system, application the archetype of bearing certificates. In the US, an about extraordinary 6500 accepted entities are bearing the abstracts on 14,000 altered types of forms.
“We alarm these ‘breeder documents’ — because they absolutely actually brand new identities,” she commented, abacus that the affluence with which fraudsters can operate is a added alarming issue.
“You get a forged, affected or baseborn bearing affidavit and a name, and you booty that bottomward to the DMV and you get your photo taken with that, and now you all of a abrupt additionally accept a driver’s license. You booty the driver’s authorization and bearing affidavit to the authorization appointment and now you’ve gotten yourself a passport. And all of a sudden, with these three affectionate of character documents, the sky’s the absolute on what affectionate of bent action you could do.”
Would You Like To Prosecute Bitcoin?
Haun additionally appropriately approved the misunderstandings about cryptocurrency which abounded at federal akin as afresh as 2024.
Her aboriginal appointment with the apprentice bazaar was when, in her accommodation as prosecutor, she was asked whether she would like to arraign Bitcoin.
“I had to laugh,” she said, “I accept it would be like saying, ‘How would you like to arraign cash?’”
Haun currently focuses on cryptocurrency at the Department of Justice as its agenda bill coordinator, and additionally teaches at the beat Stanford Law School class on agenda bill and cybercrime.
What do you anticipate about Kathryn Haun’s findings? Let us apperceive in the comments area below.
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