While widely heralded as one of the “next big things” in legal technology, blockchain technology and its potential effects remain both widely unknown and misunderstood. Now, as enterprises begin looking at the technology and its place in the legal operations process, in-house attorneys stand to benefit by building a body of knowledge around the technology that will play a part in their futures.

To help shed light on this advancement, Legaltech News spoke with two attorneys at the forefront of blockchain development to understand what the technology is, what benefits it offers, and how and when it will effect attorney work product.   

What exactly is a blockchain?