Blockchain is a decentralised, distributed digital ledger that records transactions across many computers so that any information recorded cannot subsequently be altered without the alteration of all subsequent blocks. When considering the potential use cases for blockchain a good starting point is the two primary categories of distributed ledger technology: static registry and dynamic registry. …
Smart contracts and the blockchain – the changing world of lawyers involved in drafting commercial contracts. What are smart contracts? A “smart contract” comprises some digital code stored on a blockchain that records the terms of a transaction between two or more parties and then automatically implements those terms as the necessary events occur; in…
WHAT IS BLOCKCHAIN? Blockchain is a secure distributed electronic ledger (essentially a database), connecting multiple parties in a network of trust and integrity thereby facilitating the transfer of assets and essential information relating to those assets. Blockchain does this by securely recording digital transactions in a sequential chain using cryptographic digital keys which are verified…
