Blockchain technology — most commonly known as the underlying technology of the cryptocurrency Bitcoin — is a peer-to-peer distributed ledger technology that enables the decentralized, self-verifying (aka "trustless") tracking and trading of virtually anything of value.
The technology has the potential to revolutionize business processes across many industries because it promises a more efficient, secure and transparent mechanism for storing, tracking, transferring and verifying assets and information. As private businesses and governments explore and adopt blockchain technology use cases, current legal and regulatory frameworks across many disciplines will be tested, and new frameworks may be necessary.
Pepper Hamilton is working with industry experts and clients to understand the technology and the use cases and to navigate legal issues and the potential need for new legal frameworks to support the technology and use cases. Pepper also represents blockchain companies in connection with initial coin offerings (ICOs) spanning a wide range of technology use cases and industries.
Our lawyers have the technical know-how and experience to help clients navigate the business and legal issues involving blockchain technology and other variants of peer-to-peer distributed ledger technology, such as smart contract platforms.