Heading into new legal territory with blockchain technology
Everybody’s talking about blockchain: A technology that could revolutionize entire industries and enable completely new business models to emerge. Company lawyers should be asking themselves how this could impact their work. And this requires an understanding of what blockchain technology can and cannot do.
Information in a blockchain is stored in a decentralized way and is unalterable, making it extremely secure. This creates great confidence in the correctness and consistency of the information stored. It also enables trust to be established between business partners who have never met personally. If blockchains weren’t being used, partners may have little reason to believe anything said by their business counterparts.
How does blockchain technology work?
How safe is blockchain technology?
What can blockchain technology be used for?
What does Blockchain 2.0 enable?
What blockchain is not
What do lawyers have to do?
How is the legal environment developing?
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