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Instant Insights / Cryptocurrency Moves into the Mainstream

Bitcoin and blockchain are no longer tech-nerd abstractions. Digital currency is becoming a significant part of doing business these days, as the law plays catch-up to regulate it. In this Instant Insights, we look at the impact that cryptocurrency is having on the legal marketplace and the practice of law.

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The authors express gratitude to Steven S. Nam, Managing Editor of the Stanford Journal of Blockchain Law and Policy, for his time and support. While Bitcoin has popularized the notion of the blockchain, the underlying architecture is versatile enough to be employed in a wide range of non-cryptocurrency-related applications, such as food tracing, bills of lading in the shipping industry, and secure mobile voting. Over the past two years, there have even been a handful of commentaries expressing mixed views on how blockchain technology could be applied to protecting a company’s most valuable trade secrets.

 

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