Blockchain technology – the technology that underpins Bitcoin and other cryptocurrencies – is the latest in a rush of industry-disruptive technologies like automation, cloud computing, and big data that are changing how we all do business. But could blockchain be the next traditional transaction model, displacing how your business handles procurement and other financial transactions or services?
Contract drafting, enforcement, administration and other core legal functions could all be transformed by the adoption of blockchain technology. The advent of the so-called “smart contract” – contracts written in programming language, rather than legal language – has the potential to lower the cost of doing business, reduce barriers to entry, and carve out a competitive advantage.
But concerns remain about relying on an embryonic computing system to handle such critical business processes as contracts – however elegantly simple it may seem.
Download this whitepaper to learn more about the opportunities and risks of blockchain technology, and why this important innovation can’t be overlooked.
Authoer Name
David Gardner, Vice President, New Product Development
Author name link
david-gardner
Business Role
Accountant
Advisor
Analyst
CEO / COO / VP
CFO
Compliance Officer
Corporate Controller
Corporate Secretary
Entrepreneur
General Counsel
Investment Banker
Investor
Lawyer
Legal Administrator
Owner
Paralegal
Para-Professional
Venture Capitalist
Business Segment
Complex Operators
Resource Optimizer
Dealmaker
Business Size
Middle Market
Corporation
International Corporation
Large Law firm
Small Law Firms
Geography International
International
Afghanistan
Albania
Algeria
Andorra
Angola
Antigua and Barbuda
Argentina
Armenia
Aruba
Australia
Austria
Azerbaijan
Bahamas, The
Bahrain
Bangladesh
Barbados
Belarus
Belgium
Belize
Benin
Bhutan
Bolivia
Bosnia and Herzegovina
Botswana
Brazil
British Virgin Islands
Brunei
Bulgaria
Burkina Faso
Burma
Burundi
Cambodia
Cameroon
Canada
Cape Verde
Central African Republic
Chad
Chile
China
Colombia
Comoros
Congo, Democratic Republic of the
Congo, Republic of the
Costa Rica
Cote d'Ivoire
Croatia
Cuba
Curacao
Cyprus
Czech Republic
Denmark
Djibouti
Dominica
Dominican Republic
East Timor (see Timor-Leste)
Ecuador
Egypt
El Salvador
Equatorial Guinea
Eritrea
Estonia
Ethiopia
Fiji
Finland
France
Gabon
Gambia, The
Georgia
Germany
Ghana
Greece
Grenada
Guatemala
Guinea
Guinea-Bissau
Guyana
Haiti
Holy See
Honduras
Hong Kong
Hungary
Iceland
India
Indonesia
Iran
Iraq
Ireland
Israel
Italy
Jamaica
Japan
Jordan
Kazakhstan
Kenya
Kiribati
Korea, North
Korea, South
Kosovo
Kuwait
Kyrgyzstan
Laos
Latvia
Lebanon
Lesotho
Liberia
Libya
Liechtenstein
Lithuania
Luxembourg
Macau
Macedonia
Madagascar
Malawi
Malaysia
Maldives
Mali
Malta
Marshall Islands
Mauritania
Mauritius
Mexico
Micronesia
Moldova
Monaco
Mongolia
Montenegro
Morocco
Mozambique
Namibia
Nauru
Nepal
Netherlands
Netherlands Antilles
New Zealand
Nicaragua
Niger
Nigeria
North Korea
Norway
Oman
Pakistan
Palau
Palestinian Territories
Panama
Papua New Guinea
Paraguay
Peru
Philippines
Poland
Portugal
Qatar
Romania
Russia
Rwanda
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines
Samoa
San Marino
Sao Tome and Principe
Saudi Arabia
Senegal
Serbia
Seychelles
Sierra Leone
Singapore
Sint Maarten
Slovakia
Slovenia
Solomon Islands
Somalia
South Africa
South Korea
South Sudan
Spain
Sri Lanka
Sudan
Suriname
Swaziland
Sweden
Switzerland
Syria
Taiwan
Tajikistan
Tanzania
Thailand
Timor-Leste
Togo
Tonga
Trinidad and Tobago
Tunisia
Turkey
Turkmenistan
Tuvalu
Uganda
Ukraine
United Arab Emirates
United Kingdom
Uruguay
Uzbekistan
Vanuatu
Venezuela
Vietnam
Yemen
Zambia
Zimbabwe
Geography National
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Domestic
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Puerto Rico
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Industry Type
Agriculture
Accounting
Advertising
Aerospace
Aircraft
Airline
Apparel & Accessories
Automotive
Banking
Broadcasting
Brokerage
Biotechnology
Computer
Construction
Consulting
Consumer Products
Cosmetics
Defense
Department Stores
Education
Electronics
Energy
Entertainment & Leisure
Executive Search
Financial Services
Grocery Health Care
Internet Publishing
Investment Banking
Legal
Manufacturing
Motion Picture & Video
Music
Newspaper Publishers
Online Auctions
Pension Funds
Pharmaceuticals
Private Equity
Publishing
Real Estate
Retail & Wholesale
Restaurant
Securities & Commodity Exchanges
Service
Software
Sports
Technology
Telecommunications
Television
Transportation
Trucking
Venture Capital
Contains Vidyard Video
Off