From Bills Of Lading To Blockchain Structures: Part 2
Christopher McDermott, Jeffrey Nagle, Martin Horowitz and Stephen JohnsonAugust 11, 2017, 10:58 AM EDT
Law360, New York (August 11, 2017, 10:58 AM EDT) -- A bill of lading is an old form of legal document. The rules relating to bills of lading and other documents of title evolved over the centuries. Now, technological change — and of particular interest, the emergence of blockchain technology — is raising new questions about the future of this old instrument.
As these blockchain strategies become more accepted in commodities trade, it falls to lawyers to tackle the challenge of fitting the new blockchain structures into the existing legal concepts that evolved for traditional bills...