Everyone knows that Blockchain is the underlying technology that allows cryptocurrencies to operate as described by Satoshi Nakamoto (an unknown person or persons whoever they may be) in a 2008 paper Bitcoin: A Peer-to-Peer Electronic Cash System to address the “Double-Spend” problem that plagued previous attempts to implement digital transactions.

But everyone does not know that in the digital economy a new testing ground for blockchain innovation is the use of “regulatory sandboxes,” which in the FinTech (financial technology) world to allow emerging business models to be tested. For example, in 2015 the Financial Conduct Authority (FCA) started in the UK and now is the “conduct regulator for 58,000 financial services firms and financial markets in the UK and the prudential regulator for over 18,000 of those firms.”