Mark Radcliffe and John McKinlay, partners at DLA Piper, discuss the potential of blockchain and distributed ledger technology.
Blockchain and distributed ledger technology offers significant and scalable processing power, high accuracy rates, and high levels of security at a significantly reduced cost compared with the traditional systems the technology could replace, such as settlement, trading or accounting systems.
The most visible current use of blockchain technology is to run the Bitcoin cryptocurrency, but blockchain technology has many other potential uses. Angus Champion de Crespigny of Ernst & Young recently noted that “blockchain technology has the potential…
