What Is Blockchain and Why It’s Important for Law Practice
You have probably heard of blockchain. If you didn’t, I am sure you’ve heard of bitcoin. There is a chance you have also heard that blockchain or bitcoin are the next big thing. I believe that blockchain is the next big thing, and the purpose of this essay is to explain why and to show blockchain’s significance for lawyers and law practice.
Blockchain is an escrow of conclusive transaction evidence. That’s it. Don’t worry about hashes, blocks, distributed ledger, encryption and so on for now. Those are implementation details. All you need to know as a lawyer, a banker, a . . . [more]
