Blockchain's a buzzword, but what does it mean? In this episode of the Modern Law Library, our guests James A. Cox and Mark W. Rasmussen give a breakdown of what blockchain is, the emerging legal issues the technology is prompting, and why Jones Day thinks that it's an important emerging practice area.
As the editors of Blockchain for Business Lawyers, Cox and Rasmussen have compiled advice tailored for lawyers in a number of fields to help navigate the uncharted waters that blockchain technology is making possible. They address common misconceptions–including that blockchain technology is a panacea solution to all data problems.
Cox and Rasmussen discuss the challenges they’ve seen blockchain pose for their clients, such as determining jurisdiction and how smart contracts can and should be enforced. They also address the similarities–and the differences–to another popular emerging field, cannabis law.
Listeners can purchase Blockchain for Business Lawyers through the ABA webstore. Tune in for a code that grants a 30 percent discount.
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