Blockchain: Legal implications, questions, opportunities and risks
Understanding the potential benefits, risks and technology behind blockchain
Blockchain is increasingly in the news, but still primarily as the underlying software used for cryptocurrencies such as Bitcoin. Many businesses have yet to realize its potential and the extensive ways in which blockchain can be used to make processes more efficient or to develop new service offerings, but momentum is gathering as its applications are more widely understood. This paper takes a high level view of blockchain technology, its practicalities and how it can be applied to the legal landscape while also looking at future opportunities for the technology.