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Understanding How Blockchain Could Impact Legal Industry

Law360, New York (January 11, 2017, 12:17 PM EST) -- R. Douglas Vaughn

Anna M. Outzen Decentralized cryptocurrency first appeared in 2009, utilizing a database to keep track of all transactions in a distributed ledger. The ledger has become known as blockchain or “the blockchain” and industries have seen the usefulness of blockchain beyond the purpose for which it was created.

What is Blockchain?

Blockchain is essentially a computerized public ledger that can apply to almost anything a person might typically save into a database or spreadsheet.[1] Whatever content is uploaded to the blockchain is shared...
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