AUSTIN—A panel of experts at the Association of Corporate Counsel’s annual meeting at the Austin Convention Center in Austin, Texas, said on Tuesday that blockchain and smart contracts can be used for more than just cryptocurrency. However the additional use of blockchain technology may create additional legal issues to consider.

Sean Murphy, a partner in the U.K. office of Norton Rose Fulbright and the leader of the firm’s global fintech practice, said the possibilities are nearly endless. He said one of his clients is looking to leverage the blockchain to monitor their supply chain.

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