A change in social relations ensuing from the onset and rapid development of information technologies drives the need for a prompt and adequate response on the part of law. At the same time, today’s legal framework for regulation and protection of social relations is not fully able to adequately ensure appropriate changes resulting from the expansion of IT. The purpose of this article is to make an initial analysis of whether the national legal system is ready for changes in social relations occurring as a result of rapid IT development, and also to make a prognostic identification of the main areas of social life which should be well-prepared for the development and implementation of new legal mechanisms. The regulatory legal framework of the IT sector in Ukraine is currently at the initial level allowing nothing more than attempting to catch up with well-developed legal orders rather than playing the leading role. Currently there is even not a hint of establishment of a uniform, conceptually new, systematic and comprehensive legal mechanism which would comprehensively allow ensuring the dynamics of social relations resulting fromrapid development of the IT sector. Neither legal scholars nor legislators are ready to formulate the legal policies in this area, determine the limits and terms of comprehensive legal regulation of the use of up-to-date innovative approaches, methodologies and technologies, in particular, Blockchain, the Internet of things, cloud infrastructure, Mobile ID, sharing economy, promote large dataset processing methods (Big Data), define the legal nature of crypto currency, mining process, smart contracts, tokens, ICO, etc. IT development, as well as further integration of the Internet into social life, are unavoidable and do not depend on the intentions of the State. The main question will be whether law will be ready to propose, in connection with these changes, a modern, systematic and adequate approach with a view to ensuring appropriate regulation of this sector to make it useful for the benefit of society in general and an individual in particular. Today, formulation of legal policies with a focus on the processes of human and social relations digitalization seems a promising trend. This process could be underlain by the blockchain technology which will facilitate transparency, efficiency, and acceleration of processes in most areas of human life.

Legislation 
1. Pro administratyvni posluhy [On Administrative Services]: Zakon Ukrainy [Law of Ukraine] vid 6 veresnia 2012 r. № 5203-VI. URL: http://zakon2.rada.gov.ua/ laws/show/5203-17 (accessed: 22.12.2017) (in Ukrainian). 
2. Pro derzhavnu pidtrymku kinematohrafii v Ukraini [On the State Support of Cinematography in Ukraine]: Zakon Ukrainy [Law of Ukraine] vid 23 bereznia 2017 r. № 1977-VIII. URL: http://zakon3.rada.gov.ua/laws/show/1977-19 (accessed: 22.12.2017) (in Ukrainian). 
3. Pro dostup do publichnoi informatsii [On Access to Public Information]: Zakon Ukrainy [Law of Ukraine] vid 13 sichnia 2011 r. № 2939-VI. URL: http://zakon3.rada. gov.ua/laws/show/2939-17 (accessed: 22.12.2017) (in Ukrainian). 
4. Pro elektronni dovirchi posluhy [On e-Trust Services]: Zakon Ukrainy [Law of Ukraine] vid 5 zhovtnia 2017 r. № 2155-VIII. URL: http://zakon3.rada.gov.ua/laws/show/2155-19 (accessed: 22.12.2017) (in Ukrainian). 
5. Pro elektronnu komertsiiu [On e-Commerce]: Zakon Ukrainy [Law of Ukraine] vid 3 veresnia 2015 r. № 675-VIII. URL: http://zakon2.rada.gov.ua/laws/show/675-19 (accessed: 22.12.2017) (in Ukrainian).
6. Pro informatsiiu [On Information]: Zakon Ukrainy [Law of Ukraine] vid 2 zhovtnia 
1992 r. № 2657-XII. URL: http://zakon3.rada.gov.ua/laws/show/2657-12 (accessed: 

22.12.2017) (in Ukrainian). 
7. Pro obih kryptovaliuty v Ukraini [On Crypto Currency Circulation in Ukraine]: proekt Zakonu Ukrainy [Draft Law of Ukraine] vid 6 zhovtnia 2017 r. № 7183. URL: http://w1.c1.rada.gov.ua/pls/zweb2/webproc4_1?pf3511=62684 (accessed: 23.12.2017) (in Ukrainian). 
8. Pro osnovni zasady zabezpechennia kiberbezpeky Ukrainy [On the Basic Principles of Ensuring Cyber Security in Ukraine]: Zakon Ukrainy [Law of Ukraine] vid 5 zhovtnia 
2017 r. № 2163-VIII. URL: http://zakon3.rada.gov.ua/laws/show/2163-19 (accessed: 
22.12.2017) (in Ukrainian). 
9. Pro osvitu [On Education]: Zakon Ukrainy [Law of Ukraine] vid 5 veresnia 2017 r. № 2145-VIII. URL: http://zakon2.rada.gov.ua/laws/show/2145-19 (accessed: 22.12.2017) (in Ukrainian). 
10. Pro pidvyshchennia dostupnosti ta yakosti medychnoho obsluhovuvannia u silskii mistsevosti [On Improving the Availability and Quality of Medical Services in Rural Areas]: Zakon Ukrainy [Law of Ukraine] vid 14 lystopada 2017 r. № 2206-VIII. URL: http://zakon3.rada.gov.ua/laws/show/2206-19 (accessed: 16.01.2018) (in Ukrainian). 
11. Pro rozvytok tsyfrovoi ekonomiky [On Digital Economy Development]: proekt Zakonu Ukrainy [Draft Law of Ukraine] vid 15 sichnia 2018 r. № 7485. URL: http://w1.c1.rada. gov.ua/pls/zweb2/webproc4_1?pf3511=63316 (accessed: 15.01.2018) (in Ukrainian). 
12. Pro skhvalennia Kontseptsii rozvytku elektronnoho uriaduvannia v Ukraini [On Ap proval of the Concept of e-Government Development in Ukraine]: rozporiadzhennia Kabinetu Ministriv Ukrainy [Decree of the Cabinet of Ministers of Ukraine] vid 20 veresnia 2017 r. № 649-r. URL: http://zakon5.rada.gov.ua/laws/show/649-2017- %D1%80 (accessed: 22.12.2017) (in Ukrainian). 
13. Pro skhvalennia Kontseptsii rozvytku tsyfrovoi ekonomiky ta suspilstva Ukrainy na 2018–2020 roky ta zatverdzhennia planu zakhodiv shchodo yii realizatsii [On Approval of the Concept of Digital Economy and Society Development in Ukraine for years 2018-2020 and Approval of the Concept’s Implementation Activity Plan]: rozporiadzhennia Kabinetu Ministriv Ukrainy [Decree of the Cabinet of Ministers of Ukraine] vid 17 sichnia 2018 r. № 67-r. URL: https://www.kmu.gov.ua/ ua/npas/pro-shvalennya-koncepciyi-rozvitku-cifrovoyi-ekonomiki-ta-suspilstvaukrayini- na-20182020-roki-ta-zatverdzhennya-planu-zahodiv-shodo-yiyi-realizaciyi (accessed: 17.01.2018) (in Ukrainian). 
14. Pro stymuliuvannia rynku kryptovaliut ta yikh pokhidnykh v Ukraini [On Stimulating the Market of Crypto Currencies and Their Derivatives in Ukraine]: proekt Zakonu Ukrainy [Draft Law of Ukraine] vid 10 zhovtnia 2017 r. № 7183-1. URL: http://w1.c1.rada.gov.ua/pls/zweb2/webproc4_1?pf3511=62710 (accessed: 23.12.2017) (in Ukrainian). 
15. Pro telekomunikatsii [On Telecommunications]: Zakon Ukrainy [Law of Ukraine] vid 18 lystopada 2003 r. № 1280-IV. URL: http://zakon2.rada.gov.ua/laws/show/1280-15 (accessed: 22.12.2017) (in Ukrainian). 
16. Pro vnesennia dopovnen do Tsyvilnoho kodeksu Ukrainy (shchodo harantuvannia prava fizychnoi osoby na dostup do Internetu) [On Amendments to the Civil Code of Ukraine (on Ensuring an Individual’s Right of Access to the Internet)]: proekt Zakonu Ukrainy [Draft Law of Ukraine] vid 14 travnia 2015 r. № 2849. URL: http://w1.c1.rada. gov.ua/pls/zweb2/webproc4_1?pf3511=55127 (accessed: 23.12.2017) (in Ukrainian). 
17. Pro vnesennia zmin do Podatkovoho kodeksu Ukrainy (shchodo stymuliuvannia rynku kryptovaliut ta yikh pokhidnykh v Ukraini) [On Amendments to the Tax Code of Ukraine (on Stimulating the Market of Crypto Currencies and Their Derivatives in Ukraine)]: proekt Zakonu Ukrainy [Draft Law of Ukraine] vid 30 zhovtnia 2017 r. № 7246. URL: http://w1.c1.rada.gov.ua/pls/zweb2/webproc4_1?pf3511=62816 (accessed: 
23.12.2017) (in Ukrainian). 
18. Pro vnesennia zmin do statti 8 Zakonu Ukrainy “Pro zakhyst prav spozhyvachiv” (shchodo vstanovlennia vidpovidalnosti Internet-mahazyniv za nenalezhnu yakist tovariv) [On Amendments to Article 8 of the Law of Ukraine “On Consumer Rights Protection” (Regarding Introduction of Liability of Internet Shops for Improper Quality of Goods)]: proekt Zakonu Ukrainy [Draft Law of Ukraine] vid 11 liutoho 2016 r. № 4047. URL: http://w1.c1.rada.gov.ua/pls/zweb2/webproc4_1?pf3511=58130 (accessed: 23.12.2017) (in Ukrainian). 
19. Pro vnesennia zmin do Tsyvilnoho kodeksu Ukrainy (shchodo zaborony poshyrennia v merezhi Internet informatsii, yakoiu porushuiutsia osobysti nemainovi prava) [On Amendments to the Civil Code of Ukraine (on the Prohibition of Information Dissemination in the Internet Infringing on Personal Non-Proprietary Rights)]: proekt Zakonu Ukrainy [Draft Law of Ukraine] vid 12 kvitnia 2016 r. № 4401. URL: http://w1.c1.rada.gov.ua/pls/zweb2/webproc4_1?pf3511=58697 (accessed: 23.12.2017) (in Uk rai nian). 
20. Pro zakhody shchodo rozvytku natsionalnoi skladovoi hlobalnoi informatsiinoi merezhi Internet ta zabezpechennia shyrokoho dostupu do tsiiei merezhi v Ukraini [On Measures Aimed at Developing the National Component of the Global Information Internet Network and Ensuring Wide Access to this Network in Ukraine]: Ukaz Prezydenta Ukrainy [Decree of the President of Ukraine] vid 31 lypnia 2000 r. № 928/2000. URL: http://zakon3.rada.gov.ua/laws/show/928/2000 (accessed: 22.12.2017) (in Ukrainian). 
21. Pro zatverdzhennia Poriadku orhanizatsii nadannia zasudzhenym dostupu do hlobalnoi merezhi Internet [On Approval of the Procedure for Organization of Access to the Global Internet Network for Prisoners]: nakaz Ministerstva yustytsii Ukrainy [Decree of the Ministry of Justice of Ukraine] vid 19 zhovtnia 2017 r. № 3233/5, zareiestrovano v Ministerstvi yustytsii Ukrainy 20 zhovtnia 2017 r. za № 1280/31148. URL: http://zakon3.rada.gov.ua/laws/show/z1280-17/paran9№n9 (accessed: 17.01.2018) (in Ukrai nian). 
22. Pro zvernennia hromadian [On Citizen Petitions]: Zakon Ukrainy [Law of Ukraine] vid 2 zhovtnia 1996 r. № 393/96-VR. URL: http://zakon3.rada.gov.ua/laws/show/393/96- %D0%B2%D1%80 (accessed: 22.12.2017) (in Ukrainian). 
23. Ukraina: postup u XXI stolittia Stratehiia ekonomichnoi ta sotsialnoi polityky na 2000–2004 rr. [Ukraine: Progressing into the XXI Century Strategy of Economic and Social Policies for years 2000-2004]: Poslannia Prezydenta Ukrainy do Verkhovnoi Rady Ukrainy [Message of the President of Ukraine to the Verkhovna Rada of Ukraine] vid 23 liutoho 2000 r. № 276a/2000. URL: http://zakon2.rada.gov.ua/laws/ show/276%D0%B0/2000 (accessed: 22.12.2017) (in Ukrainian). 

Cases 
24. Judgement 12790 of the Supreme Court, File 09-013141-0007-CO, 30 July 2010 (English translation). 
 

Bibliography 
 

Authored books 
25. Calder A and Watkins S, IT Governance: An International Guide to Data Security and ISO27001/ISO27002 (6th edn, Kogan Page 2015) (in English). 
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Edited books 
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Encyclopedias 
42. ‘Predictions made by Ray Kurzweil’, Wikipedia accessed 20 December 2017 (in English). 

Articles 
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Thesis abstracts 
46. Boiko D, ‘Pravova pryroda domennykh imen Internet’ [‘Legal Nature of Internet Domain Name’] (avtoref dys kand yuryd nauk, Natsionalna yurydychna akademiia Ukrainy imeni Yaroslava Mudroho 2005) (in Ukrainian). 
47. Filinovych V, ‘Veb-sait yak osoblyvyi obiekt prava intelektualnoi vlasnosti’ [‘A Web-Site as the Special Object of Intellectual Property Law’] (avtoref dys kand yuryd nauk, Kyivskyi natsionalnyi universytet imeni Tarasa Shevchenka, 2015) (in Ukrainian). 
48. Hura M, ‘Tsyvilno-pravova okhorona Internet-saitu v Ukraini’ [‘Protection of an Internet Web-Site in Ukraine under Civil Law’] (avtoref dys kand yuryd nauk, Instytut derzhavy i prava imeni V M Koretskoho Natsionalnoi akademii nauk Ukrainy 2006) (in Ukrainian). 
49. Karpenko O, ‘Internet-posluha yak obiekt tsyvilno-pravovykh vidnosyn’ [‘An Internet Service as the Object of Relations under Civil Law’] (avtoref dys kand yuryd nauk, Kharkivskyi natsionalnyi universytet imeni V N Karazina 2015) (in Ukrainian). 
50. Odehova L, ‘Tsyvilno-pravove rehuliuvannia rozrakhunkiv z vykorystanniam Internetbankinhu’ [‘Regulation of Payments via Internet Banking under Civil Law’] (avtoref dys kand yuryd nauk, Naukovo-doslidnyi instytut pryvatnoho prava i pidpryiemnytstva imeni akademika F H Burchaka Natsionalnoi akademii pravovykh nauk Ukrainy 2013) (in Ukrainian). 
51. Pastukhov O, ‘Avtorske pravo u sferi funktsionuvannia vsesvitnoi informatsiinoi merezhi Internet’ [‘Copyright in the Context of Operation of the Global Information Internet Network’] (avtoref dys kand yuryd nauk, Instytut derzhavy i prava imeni V M Koretskoho Natsionalnoi akademii nauk Ukrainy 2002) (in Ukrainian). 
52. Prysiazhniuk O, ‘Osnovy kontseptsii pravovoho rehuliuvannia internet-vidnosyn v Ukraini (zahalnoteoretychni aspekty)’ [‘Foundations of the Concept of Legal Regulation of the Internet Relations in Ukraine (General Theoretical Aspects)’] (avtoref dys kand yuryd nauk, Kharkivskyi natsionalnyi universytet vnutrishnikh sprav 2007) (in Ukrainian). 
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Websites 
55. ‘Internet World Stats’ (Internet World Stats) accessed 20 December 2017 (in English). 
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Blogs 
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