Blockchain’s big opportunity for lawyers

Technology lawyers say the growth of Ethereum, a public blockchain platform upstaging Bitcoin, could change how lawyers operate and force them to widen the breadth of their skills. But blockchain’s distributed ledger system also offers infinite opportunities for growth in an industry seeking stimulus.

Ethereum’s key attraction is its ability to go beyond virtual currency to facilitate transactions and binding financial agreements or smart contracts purely using applications and without the need for human intermediaries.

Source: Blockchain’s big opportunity for lawyers | afr.com

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Author: Paul Sweeting

Paul Sweeting is the founder and principal of Concurrent Media Strategies, LLC and editor of RightsTech.com

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