Blockchain is the next major technology leap that will impact the world as much as the Internet did in the 1990s. First associated with the Bitcoin digital currency, a blockchain is simply a distributed way to maintain a data ledger; rather than being controlled by a central authority, the ledger is kept and updated by many nodes, enabling data and payment transactions to be recorded, accessed and verified by anyone.
Blockchain applications make it easier to transfer monetary value efficiently across borders; break down historic data silos in industries; automate transactions with smart contracts; tokenize real world assets; improve traceability of products; and empower consumers to own and monetize their personal data. These efficiencies are best achieved if the world operates on one massively scalable chain (such as Bitcoin SV), just like we use a single global Internet.
For lawyers, blockchain’s emergence requires learning new technology fundamentals and confronting new legal issues. In this webinar, global Bitcoin advocate and former lawyer Jimmy Nguyen will provide easy-to-understand explanations of:
What is a blockchain and advantages of one global chain
Use cases for blockchain applications
Legal issues raised by the technology