Blockchain, cryptocurrency, NFTs—what is it all? It all starts with distributed ledger.1 The distributed ledger is a virtual ledger (in common parlance, a record) that is shared across a network of computers. A copy of the ledger is on every computer across the network. Each block in a distributed ledger contains data that must be…
Tag: Blockchain
Blockchain technology: the next defense in the protection of intellectual property – a trade secret application
There has been an increase in the amount written in the popular press and in professional publications about the importance of intellectual property as a fundamental driver of economic value for companies. In fact, greater than 80% of the economic value of the Standard and Poor’s 500 companies is now linked to intangible assets.1 Consider…
The Legality of The DAO
The DAO (a for-profit Distributed or Decentralized Autonomous Organization) raised more than $100 million to support the sharing economy, making it the largest crowdfunded project in human history.1 However, a careful look at the constitution of The DAO reveals that its legal ambiguities contributed to the resolution of its infamous hack in June of 2016….
Blockchain Technology Can Help Law Enforcement
Blockchain is a distributed ledger that enables individuals to conduct exchanges and can eliminate third-party involvement.1 Blockchain technology enables the first incident in which peers can conduct transfers of value directly, fostering increased efficiency in financial transactions.2 Furthermore, as a result of eliminating the traditional reliance on a bank, blockchain technology makes it cheaper for…