When “Code is Law” meets “Law is Law” — Inside the American Bar Association’s Biggest Blockchain…

Too Long; Didn't Read

While <a href="http://www.businessinsider.com/ibm-is-going-all-in-on-blockchain-for-trade-finance-2017-4" target="_blank">Company</a> after <a href="http://www.nasdaq.com/article/asset-manager-fidelity-to-join-blockchain-group-ic3-cm772925" target="_blank">company</a> and <a href="https://www.americanbanker.com/news/uk-mint-testing-blockchain-trading-platform-for-digital-gold" target="_blank">country</a> after <a href="http://www.coindesk.com/russia-eyes-legal-recognition-for-bitcoin-in-2018/" target="_blank">country</a> embrace “Blockchain” technologies —<a href="https://www2.deloitte.com/ch/en/pages/strategy-operations/articles/blockchain-explained.html" target="_blank">verifiable, secured distributed ledger systems that record cryptocurrency or other value transfer transactions</a> and what some are calling “<a href="http://fintechnews.ch/blockchain_bitcoin/ubs-exec-blockchain-the-biggest-disruptor-since-the-internet/5365/" target="_blank">the biggest disruptor since the internet</a>” — many question how the law will adapt to these systems — or even whether they are even legal at all. And with the growing hype around this movement, many attorneys are scrambling to become familiar with the topic.