A world on-chain: can our legal infrastructure cope?

For an industry inherently cautious of change, the legal profession has made huge strides in keeping pace with the rapid technological advancement of recent years. The covid-19 pandemic caused the profession to adopt, almost overnight, new ways of operating, underpinned by the use of technology. Technology became essential to its very existence.

But what about the impact of innovations in fintech, including the ever-increasing use of digital asset and blockchain technologies? These are stress-testing the current legal framework in ways unseen since the arrival of the internet. As the Master of the Rolls, Sir Geoffrey Vos said in February 2022:

"The blockchain is now at a stage in its development equivalent to where the i...Read more >>