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from A. - Contracts and Patents
Published online by Cambridge University Press: 04 February 2021
The advent of distributed ledger technology has challenged the legal community to learn how technology will change law, finance, and commerce in coming years. Blockchain technology, a method for storing data in cryptographically secure distributed ledgers, has spread all over the world and into nearly every vertical as global commerce searches for secure tools that support ecosystem-wide growth. The World Economic Forum estimates that by 2026, 10% of global commerce will be conducted on blockchain systems.1 Blockchain technology promises to bring more legal relationships into the realm of data and code, so there is a clear need for legal minds to help guide this development.
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