Book contents
- Legal Informatics
- Legal Informatics
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Part I Introduction to Legal Informatics
- Part II Legal Informatics
- Part III Use Cases in Legal Informatics
- A. Contracts and Patents
- 3.1 Contract Analytics
- 3.2 Contracts as Interfaces
- 3.3 Distributed Ledgers, Cryptography, and Smart Contracts
- 3.4 Patent Analytics
- B. Litigation and E-discovery
- C. Legal Research, Government Data, and Access to Legal Information
- D. Dispute Resolution and Access to Justice
- Part IV Legal Informatics in the Industrial Context
3.3 - Distributed Ledgers, Cryptography, and Smart Contracts
from A. - Contracts and Patents
Published online by Cambridge University Press: 04 February 2021
- Legal Informatics
- Legal Informatics
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Part I Introduction to Legal Informatics
- Part II Legal Informatics
- Part III Use Cases in Legal Informatics
- A. Contracts and Patents
- 3.1 Contract Analytics
- 3.2 Contracts as Interfaces
- 3.3 Distributed Ledgers, Cryptography, and Smart Contracts
- 3.4 Patent Analytics
- B. Litigation and E-discovery
- C. Legal Research, Government Data, and Access to Legal Information
- D. Dispute Resolution and Access to Justice
- Part IV Legal Informatics in the Industrial Context
Summary
The advent of distributed ledger technology has challenged the legal community to learn how technology will change law, finance, and commerce in coming years. Blockchain technology, a method for storing data in cryptographically secure distributed ledgers, has spread all over the world and into nearly every vertical as global commerce searches for secure tools that support ecosystem-wide growth. The World Economic Forum estimates that by 2026, 10% of global commerce will be conducted on blockchain systems.1 Blockchain technology promises to bring more legal relationships into the realm of data and code, so there is a clear need for legal minds to help guide this development.
- Type
- Chapter
- Information
- Legal Informatics , pp. 239 - 256Publisher: Cambridge University PressPrint publication year: 2021