Blockchain: The legal implications of distributed systems
The growth of distributed trust networks, such as blockchain, may revolutionise the way information is stored and how transactions occur, removing the need for trusted intermediaries including banks, solicitors and government.
A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography.
In a digital world, blockchain offers a tool for achieving and maintaining integrity in distributed systems.
This Horizon Scanning report explores the potential use cases of blockchain, its challenges and opportunities, and what this might mean for solicitors.